LeasePlan+CIAL: Credit evaluations in less than 4 days with CIAL360 Credit
LeasePlan, a world leader in car-as-a-service, faced a major challenge: its credit evaluation process.
Thanks to CIAL360 Credit, LeasePlan experiences an upturn in productivity and efficiency, while minimizing financial risks. LeasePlan now enjoys accelerated growth, beginning a new era of success.
Outcomes
4 days or less for credit evaluations
70% faster decisions
Detection of payment trends
Company History
LeasePlan is the leading car-as-a-service company, transforming the way vehicles are used beyond traditional leasing and fleet management for 60 years.
With a presence in more than 30 countries, they offer high-quality services to multinationals, small and medium-sized companies, and individual consumers.
Pain Point
Prior to the adoption of CIAL360 Credit's Decision Engine, LeasePlan's credit evaluations took more than 14 days. This situation was a significant impediment to LeasePlan's growth and expansion.
The [CIAL Dun & Bradstreet] analytical report helps us a lot when we analyze foreign companies, because we find out payment trends and the likelihood that they will pay their debts.
Mauricio Villegas
Accounts Receivable & Credit Manager of LeasePlan Mexico
Now we choose our clients much more carefully with the help of the CIAL360 Credit platform, and we already consider a more in-depth analysis when making an application.
Mauricio Villegas
Accounts Receivable & Credit Manager of LeasePlan Mexico
Solution
CIAL360 Credit implementation has revolutionized LeasePlan's workflow, reducing the credit evaluation process to just 4 days.
This helped reduce the decision-making process to 70%. This accelerated process enabled them to respond more quickly to their customers' needs and improved their competitive advantage in the marketplace.
Results
The reduction from 14 to 4 days of credit evaluation is very significant, as LeasePlan has acquired the capacity to process up to 47 additional evaluations per year, potentially increasing its sales and increasing its annual revenue.
Today, LeasePlan continues to leverage CIAL360 Credit as a critical tool in their strategy for growth and market leadership.
Through the power of smart decision-making and predictive analytics, they're able to provide faster, more reliable services to their clients, further establishing their position as a trailblazer in the automotive leasing industry.
4 days or less for credit evaluations
70% faster decisions
Detection of payment trends
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