Lease Group leverages SFS finance
26/07/2024
Lease Group is taking advantage of the Application Programming Interface (“API”) capabilities offered by Siemens Financial Services (“SFS”) to speed up financing decisions. Through this integration, Lease Group customers can receive credit decisions typically within five seconds, and access business-critical equipment and technology with minimal delay.
With over 25 years in the business technology market, Lease Group was one of the first to offer a risk-free, flexible approach to funding smart devices, separating hardware from airtime. It saw a synergy with SFS, based on common expertise in the same tech-based assets Lease Group finance – from laptops and smartphones to software and servers – executed via SieSmart, the SFS digital financing platform.
It was SFS’ appetite for smartphone financing that first brought the two companies together. Lease Group were looking for an optimal funder to work with, who would meet all their criteria: a partner able to finance a range of equipment and who would support their lean business model, maximising efficiency. With its new API capabilities on the horizon, SFS was already an attractive option, and its new smartphone offering was said to be “the final tick in the box”.
Connecting the SFS platform with Lease Group’s systems through the API functionality took only ten weeks, allowing the Group to quickly capitalise on market demand. The integration created an interface that offers users credit decisions typically within just five seconds.
These decisions are not simply an estimate. With SFS behind the system, deals are ‘rubber stamped’ as approved – a differentiator from other platforms on the market. Technology vendors who use the platform can also track their orders from documentation to signature to payout – full transparency at the touch of a button. When needed, an account manager at SFS is always on hand to provide support and answer queries.
James Twineham, Account Development Manager - Broker Finance at Siemens Financial Services, commented, “It’s a delight to work with a fellow tech expert and support Lease Group in competing with some of the bigger players in the field.
“Lease Group is an excellent example of how businesses can gain a serious edge by leveraging finance and digital solutions.”
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