BNP Paribas Leasing Solutions partners with Ritchie Bros. Asset Solutions
BNP Paribas Leasing Solutions, a European leader in equipment finance that managed more than €35.7 billion in assets in 2021, has selected Ritchie Bros. Asset Solutions and its suite of remarketing tools to optimize its valuation and asset management workflows.
“It is essential for us to be able to estimate the value of the equipment we finance in order to be able to include precise residual values in our contracts and offer more attractive solutions to our customers”, said Pierre Pavec, head of asset management. and the circular economy at BNP. Paribas leasing solutions. “With Mascus asset valuation curves, finance calculator and line listing data from Ritchie Bros. Asset Solutions, we are able to refine our estimation models on all the equipment we finance and to set up financing programs that meet the needs of our customers and partners.”
Helping the financial sector meet regulatory requirements
Ritchie Bros technology. Asset Solutions enables banks, leasing companies and other industrial equipment owners to streamline their asset tracking, valuation and disposal workflows. Users have access to a comprehensive database with millions of trading asset transactions, enabling them to make data-driven decisions regarding payout rates, risk exposure, and more. Ritchie Bros. Appraisal Services Asset Solutions help financial companies monitor and comply with Basel risks and regulatory requirements.
Asset disposition workflows are built into the software so users can easily transfer their assets to a sales channel of their choice, including non-reserved auctions, an online reserved marketplace, and an asset listing website. advertisement. Other services can also be arranged from the platform, including repossession and logistics, admission inspections, refurbishment, advice on repossessed and end-of-lease assets, and more .
“We are delighted to have BNP Paribas Leasing Solutions on our side, the world’s largest leasing provider,” said Tim Scholte, vice president and general manager of Mascus and Ritchie Bros. AssetSolutions. “This is a big step forward for the Ritchie Bros. Asset Solutions platform that we are continuously developing and we look forward to working with the BNP Paribas Leasing Solutions team to help them maximize the value of their assets.”
BNP Paribas Leasing Solutions has started using the Ritchie Bros. platform. Asset Solutions on April 1, 2022.
Read the article online at: https://www.worldpipelines.com/business-news/19042022/bnp-paribas-leasing-solutions-partners-with-ritchie-bros-asset-solutions/