Asset Finance Technology

Global asset finance software provider Cassiopae has announced that Terex Financial Services, a division of global equipment manufacturer Terex Corporation, is now live with Cassiopae’s leasing software in China.

Cassiopae’s V4 software is managing the back office functions for Terex Financial Services including localization for the Chinese market. Cassiopae is designed for quick adaptation to specific financial product structures and localization requirements.

“Our goal was to quickly bring up a system to support our new business initiative in China and at the same time position ourselves to expand into other geographies without having to customize the application,” said Jeff Rentsch, Terex Financial Services’ director of technology. “We were able to do that with Cassiopae’s flexible leasing software and industry knowledge.”

“The rapid implementation of Cassiopae leasing in China is testament to the software’s highly-configurable architecture. This design enabled us to bring the leasing software live in Terex Corporation’s financial service operations in China in a short time frame with a small implementation team,” said Noel Webster, president of Cassiopae.

Terex Corporation is a diversified global manufacturer of a broad range of equipment in five business segments: aerial work platforms; construction; cranes; material handling and port solutions; and materials processing. Terex offers financial products and services to assist in the acquisition of equipment through Terex Financial Services.

Asset finance software provider Cassiopae has announced the successful roll-out of its full V4 suite (front and back office) at Tunisie Leasing, the leasing industry leader in Tunisia.  

Tunisie Leasing is using Cassiopae to manage financial products offered to its customers including car leasing, equipment leasing and real estate leasing. The Cassiopae software manages the entire lifecycle of the leasing contract: offers, negotiation, financing request analysis, contract activation, back-office operations, after-sales management, billing and cash flow.

The Cassiopae software implementation was completed in 15 months. Led by a team of consultants from Cassiopae MEA, a subsidiary based in Tunis, the company said the project demonstrates the expertise of its Tunisian consultants and their capabilities in leading a large-scale project.  

Jemil Ben Romdhane, managing director of Cassiopae MEA, said: “This successful deployment demonstrates Tunisie Leasing Group’s and Cassiopae’s commitment to making this first Cassiopae implementation in Tunisia a showcase and model of methodology applied and project management. “The Tunisie Leasing implementation highlights the unique ability of the Cassiopae solution to handle any type of financing, as well as manage financial products in several countries, currencies and languages, whatever the size of the institution, within the initial budget defined.”

Reproduced from Asset Finance International