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Technology Lease Group leverages SFS finance to scale business Published: 18th July 2024 Share In a strategic move to enhance customer experience and streamline operations, Lease Group, an independent equipment and technology financier, has partnered with Siemens Financial Services (SFS). This collaboration leverages SFS’s advanced Application Programming Interface (API) capabilities to offer Lease Group’s customers rapid and straightforward credit decisions via their online financing platform. In today’s fast-paced, competitive market, speed and efficiency are paramount. Lease Group’s integration with Siemens Financial Services is a significant leap forward in this regard. The API integration allows Lease Group to typically provide credit decisions within an impressive five seconds, enabling businesses to access essential equipment and technology with minmal delay. With over 25 years of experience in the business technology market, Lease Group has facilitated upgrades for thousands of businesses, from small independent shops to multinational retailers and charities. Lease Group is a trusted leasing provider to companies such as Vodafone. Working in sync Lease Group has always been at the forefront of innovation in finance, being one of the first to offer a flexible, risk-free approach to funding smart devices by separating hardware costs from airtime charges. This pioneering spirit found a perfect match in SFS, which shares expertise in financing tech-based assets such as laptops, smartphones, software, and servers through its SieSmart digital financing platform. The collaboration was sparked by SFS’s robust smartphone financing options, which met Lease Group’s criteria for an ideal funding partner. The appeal of SFS’s API capabilities further cemented the partnership, allowing Lease Group to maximize efficiency and meet market demands swiftly. Instant credit decisions The integration process, completed in just ten weeks, has significantly elevated Lease Group’s service offerings. The new interface provides users with near-instant credit decisions, distinguishing Lease Group from competitors. These decisions are not mere estimates; they come with the assurance of SFS’s approval, adding a layer of reliability to the platform. Technology vendors using the platform benefit from full transparency, with the ability to track orders from documentation to signature to payout. Additionally, an account manager from SFS is always available to provide support and address queries, ensuring a seamless user experience. Expanding horizons Lease Group has continually evolved to meet market and customer demands, now offering financing for assets in renewable energy, telematics, catering, and security sectors. Simon Fabb, Co-Founder & Group Marketing Director, highlights the benefits of the partnership with SFS: “With SFS, we don’t need to pitch or explain what we sell, they already have a knowledge base in multiple industries. Coupled with great support, service and account management, it is a really good fit for our business growth path. “More often than not, Siemens also manufactures the equipment we’re financing, such as EV chargers. This is especially helpful when a supplier approaches us about a new product or emerging technology. Speed is critical in these situations and we’re able to provide a quick decision on whether we can offer financing or not.” James Twineham, Account Development Manager – Broker Finance at Siemens Financial Services, adds: “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. The near-perfect approvals rate speaks for itself.” Lisa Laverick Editor - Asset Finance Connect Sign up to our newsletter Featured Stories TechnologyLeasepath innovates with quarterly wave release TechnologyThe state of AI in business TechnologyShawbrook selects nCino’s cloud-based platform