Alphabet launches new salary sacrifice product

Business and mobility specialist Alphabet has announced the launch of its own in-house salary sacrifice product for corporate customers, in response to the growing interest in electric vehicles (EVs) from companies and staff keen to benefit from tax breaks and the chance to go green. Salary Sacrifice offers companies the flexibility to offer all employees, including those who may not have been previously eligible for a company car, access to a range of new, fully maintained, multi-make EVs.

Alphabet launches new salary sacrifice product

Jun 30, 2022

Business and mobility specialist Alphabet has announced the launch of its own in-house salary sacrifice product for corporate customers, in response to the growing interest in electric vehicles (EVs) from companies and staff keen to benefit from tax breaks and the chance to go green. Salary Sacrifice offers companies the flexibility to offer all employees, including those who may not have been previously eligible for a company car, access to a range of new, fully maintained, multi-make EVs.

Cost-of-living crisis boosts interest in EV salary sacrifice schemes

Increasing numbers of households are opting for salary sacrifice schemes on electric vehicles (EVs) as the cost-of-living crisis starts to bite, according to Fleet Alliance. The Glasgow-based fleet management and leasing specialist says financial savings, as well as the chance to reduce carbon footprint, are driving greater EV take-up. Since its launch at the start of this year, some 54 companies and over 4,000 employees have taken advantage of the Fleet Alliance salary sacrifice scheme, which has been aimed primarily at SMEs but which is available to businesses of all sizes.

Cost-of-living crisis boosts interest in EV salary sacrifice schemes

Jun 30, 2022

Increasing numbers of households are opting for salary sacrifice schemes on electric vehicles (EVs) as the cost-of-living crisis starts to bite, according to Fleet Alliance. The Glasgow-based fleet management and leasing specialist says financial savings, as well as the chance to reduce carbon footprint, are driving greater EV take-up. Since its launch at the start of this year, some 54 companies and over 4,000 employees have taken advantage of the Fleet Alliance salary sacrifice scheme, which has been aimed primarily at SMEs but which is available to businesses of all sizes.

Record turnout for Asset Finance Connect Summer Awards on July 13th: 31 finalists revealed

Over 350 guests will be attending Asset Finance Connect’s Summer Awards evening which takes place on July 13th at the exclusive Hurlingham Club in London. The evening will celebrate the best and brightest in the industry with delegates flying in from afar afield as India and the US. “This will be the largest summer gathering of the asset finance industry. A great way to celebrate our innovation, a great way to celebrate before everyone disappears on holiday” said Edward Peck, CEO of Asset Finance Connect. “We’re really looking forward to it”.

Record turnout for Asset Finance Connect Summer Awards on July 13th: 31 finalists revealed

Jun 24, 2022

Over 350 guests will be attending Asset Finance Connect’s Summer Awards evening which takes place on July 13th at the exclusive Hurlingham Club in London. The evening will celebrate the best and brightest in the industry with delegates flying in from afar afield as India and the US. “This will be the largest summer gathering of the asset finance industry. A great way to celebrate our innovation, a great way to celebrate before everyone disappears on holiday” said Edward Peck, CEO of Asset Finance Connect. “We’re really looking forward to it”.

 
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Alfa launches second paper in agile implementation series

Asset and automotive finance industry technology specialist Alfa Systems, the software platform that supports some of the largest and most complex portfolios in the industry, has published the second paper in its new thought leadership series, Innovation in Implementation. The paper focuses on data migration, often thought of as the most challenging aspect of a systems implementation project. In the series, various individuals from Alfa draw on their talent and experience to discuss how asset finance organisations can work in an agile fashion to deliver “quick and often” on their software implementations.

Alfa launches second paper in agile implementation series

Mar 04, 2022

Asset and automotive finance industry technology specialist Alfa Systems, the software platform that supports some of the largest and most complex portfolios in the industry, has published the second paper in its new thought leadership series, Innovation in Implementation. The paper focuses on data migration, often thought of as the most challenging aspect of a systems implementation project. In the series, various individuals from Alfa draw on their talent and experience to discuss how asset finance organisations can work in an agile fashion to deliver “quick and often” on their software implementations.

 

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Solifi Global Leasing Report 2022 reveals industry resilience in the face of pandemic challenges

A new report launched today provides a detailed insight into the impact of the global pandemic on the international asset finance industry and predicts a return to health for the market this year. The Solifi Global Leasing Report uncovers the real-world impact of the crisis as it unfolded, resulting in significant business reductions around the globe, but also some unexpected highlights.

Solifi Global Leasing Report 2022 reveals industry resilience in the face of pandemic challenges

Mar 02, 2022

A new report launched today provides a detailed insight into the impact of the global pandemic on the international asset finance industry and predicts a return to health for the market this year. The Solifi Global Leasing Report uncovers the real-world impact of the crisis as it unfolded, resulting in significant business reductions around the globe, but also some unexpected highlights.

 

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Stellantis reveals €33m investment in testing EVs

Stellantis has ploughed some €33 million into two of its global testing facilities to support its long-term strategy to achieve best-in-class electric vehicle (EV) performance and master the highest level of autonomous driving technology. The investments, along with other R&D initiatives, are designed to accelerate the company’s transformation into a sustainable mobility tech company and meet its targets for a 50% reduction in carbon emissions from 2021 levels by 2030 and carbon net zero emissions by 2038.

Stellantis reveals €33m investment in testing EVs

Jun 24, 2022

Stellantis has ploughed some €33 million into two of its global testing facilities to support its long-term strategy to achieve best-in-class electric vehicle (EV) performance and master the highest level of autonomous driving technology. The investments, along with other R&D initiatives, are designed to accelerate the company’s transformation into a sustainable mobility tech company and meet its targets for a 50% reduction in carbon emissions from 2021 levels by 2030 and carbon net zero emissions by 2038.

Industry ‘heavy hitter’ Gary Leitch joins regional lender FOLK2FOLK to grow national business

Gary Leitch, formerly managing director of asset finance at Paragon Banking Group, has been appointed as the new chief operating officer (COO) at FOLK2FOLK, the UK-wide marketplace lender for regional SMEs, to support the company’s growth ambitions. Leitch will focus on overseeing overall operational capability encompassing technology, finance, legal and people related matters.

Industry ‘heavy hitter’ Gary Leitch joins regional lender FOLK2FOLK to grow national business

Jun 23, 2022

Gary Leitch, formerly managing director of asset finance at Paragon Banking Group, has been appointed as the new chief operating officer (COO) at FOLK2FOLK, the UK-wide marketplace lender for regional SMEs, to support the company’s growth ambitions. Leitch will focus on overseeing overall operational capability encompassing technology, finance, legal and people related matters.

Call for lending support for SMEs fearing recession

Almost three-quarters (72%) of businesses are currently preparing for an imminent recession, according to data from Time Finance. The SME lending specialist said UK companies are grappling with rising energy and fuel costs, increased National Insurance and supply chain issues, and warned that too much retrenchment by smaller businesses could result in a sharp downturn, the very outcome they sought to avoid.

Call for lending support for SMEs fearing recession

Jun 23, 2022

Almost three-quarters (72%) of businesses are currently preparing for an imminent recession, according to data from Time Finance. The SME lending specialist said UK companies are grappling with rising energy and fuel costs, increased National Insurance and supply chain issues, and warned that too much retrenchment by smaller businesses could result in a sharp downturn, the very outcome they sought to avoid.

 

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UK businesses lead the way in developing mobility solutions post-Covid

UK businesses are making modifications to their travel policies in response to the post-Covid rise in homeworking more quickly than their European peers, research from the latest Arval Mobility Observatory Barometer shows. Many are refining their approach to the company car fleet, in order to offer mobility services to a wider range of employees.

UK businesses lead the way in developing mobility solutions post-Covid

Jun 23, 2022

UK businesses are making modifications to their travel policies in response to the post-Covid rise in homeworking more quickly than their European peers, research from the latest Arval Mobility Observatory Barometer shows. Many are refining their approach to the company car fleet, in order to offer mobility services to a wider range of employees.

NETSOL extends relationship with Yamaha Motor Finance into Canada

NetSol Technologies has signed a contract with Yamaha Motor Finance Canada for a further implementation of NETSOL’s LeasePak solution. The latest deal expands a long-standing relationship between the global business services and enterprise application solutions provider and the lender.

NETSOL extends relationship with Yamaha Motor Finance into Canada

Jun 23, 2022

NetSol Technologies has signed a contract with Yamaha Motor Finance Canada for a further implementation of NETSOL’s LeasePak solution. The latest deal expands a long-standing relationship between the global business services and enterprise application solutions provider and the lender.

Consultation launched on overhauling Consumer Credit Act

The Treasury is to consult on major reforms to the Consumer Credit Act (CCA), described as “highly prescriptive and increasingly cumbersome and inflexible”, after admitting the current rules add unnecessary costs to businesses when implementing its requirements. The move has been warmly welcomed by the Finance and Leasing Association (FLA).

Consultation launched on overhauling Consumer Credit Act

Jun 23, 2022

The Treasury is to consult on major reforms to the Consumer Credit Act (CCA), described as “highly prescriptive and increasingly cumbersome and inflexible”, after admitting the current rules add unnecessary costs to businesses when implementing its requirements. The move has been warmly welcomed by the Finance and Leasing Association (FLA).

 

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United Trust Bank partners with Alfa in digital transformation

Fast growing specialist lender United Trust Bank (UTB) is to move its asset finance operations to the Alfa Systems software platform, a multi-featured system which will be delivered quickly and cost-effectively via the Alfa Start methodology. The bank said the integrated digital solution will improve broker service and support UTB’s ambitious growth plans.

United Trust Bank partners with Alfa in digital transformation

Jun 17, 2022

Fast growing specialist lender United Trust Bank (UTB) is to move its asset finance operations to the Alfa Systems software platform, a multi-featured system which will be delivered quickly and cost-effectively via the Alfa Start methodology. The bank said the integrated digital solution will improve broker service and support UTB’s ambitious growth plans.

Plug-in car grant pulled with immediate effect

The government has closed the plug-in car grant (PiCG) scheme to new orders with effect from 14 June, saying it will now refocus £300 million of grant funding towards boosting sales of plug-in taxis, motorcycles, vans and trucks, and wheelchair accessible vehicles, as well as making further investment in expanding the charging network. While the government has always been clear the PiCG was temporary, it had previously confirmed funding until 2022-23.

Plug-in car grant pulled with immediate effect

Jun 15, 2022

The government has closed the plug-in car grant (PiCG) scheme to new orders with effect from 14 June, saying it will now refocus £300 million of grant funding towards boosting sales of plug-in taxis, motorcycles, vans and trucks, and wheelchair accessible vehicles, as well as making further investment in expanding the charging network. While the government has always been clear the PiCG was temporary, it had previously confirmed funding until 2022-23.

Removal of Plug-in Car Grant jeopardises uptake of EVs

Journalist Jonathan Manning analyses the impact of the recent policy change. The government’s decision to withdraw the Plug-In Car Grant (PICG), a £1,500 subsidy towards the acquisition cost of a new electric car, has been met with consternation in the leasing, fleet and automotive sectors.

Removal of Plug-in Car Grant jeopardises uptake of EVs

Jun 15, 2022

Journalist Jonathan Manning analyses the impact of the recent policy change. The government’s decision to withdraw the Plug-In Car Grant (PICG), a £1,500 subsidy towards the acquisition cost of a new electric car, has been met with consternation in the leasing, fleet and automotive sectors.

Solifi partners with EQ Riskfactor to offer integrated risk-management technology

Solifi has announced its latest technology partnership with EQ Riskfactor, a leading global provider of risk management software for the commercial finance market. Together, the two companies will offer asset-based lending (ABL) customers direct line of sight into collateral risk and performance in real-time. Rather than relying on historical trends and physical audits, ABL lenders can now see what’s happening to their loan or risk exposure online daily and take proactive steps to protect and manage their business.

Solifi partners with EQ Riskfactor to offer integrated risk-management technology

Jun 16, 2022

Solifi has announced its latest technology partnership with EQ Riskfactor, a leading global provider of risk management software for the commercial finance market. Together, the two companies will offer asset-based lending (ABL) customers direct line of sight into collateral risk and performance in real-time. Rather than relying on historical trends and physical audits, ABL lenders can now see what’s happening to their loan or risk exposure online daily and take proactive steps to protect and manage their business.

Sofico announces ambitious recruitment campaign

A 15% hike in revenue has seen Sofico, the international software supplier for automotive financing, leasing, fleet and mobility management, kick start a campaign to hire 130 new staff worldwide as it continues to expand its operations. The Ghent, Belgium based business, which also has offices in the UK, Germany, France and the Netherlands, has announced record results for the twelfth year in a row.

Sofico announces ambitious recruitment campaign

Jun 16, 2022

A 15% hike in revenue has seen Sofico, the international software supplier for automotive financing, leasing, fleet and mobility management, kick start a campaign to hire 130 new staff worldwide as it continues to expand its operations. The Ghent, Belgium based business, which also has offices in the UK, Germany, France and the Netherlands, has announced record results for the twelfth year in a row.

 

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