Solifi builds Q3 momentum with Pan-European growth in asset and automotive finance

Solifi (formerly IDS, William Stucky & Associates, and White Clarke Group) has announced several key successes across Europe, with leading equipment and automotive finance companies opting to work with the global fintech software specialist for secured finance to transform their business operations and expand their geographical reach with multi-country implementations.

David Hamilton, Solifi CEO, said: “Our SaaS platform – a key enabler of friction-free growth – is built to allow customers to transform their current legacy systems environment, create a digital-first business model, and futureproof their business for decades. I am delighted with our third-quarter growth in Europe. Our teams were highly focused on delivering secure and scalable SaaS solutions to some of Europe’s leading asset and automotive finance companies through a proven agile project methodology. I look forward to continued partnerships with our customers in support of their growth goals and objectives.”

Highlights from Q3 2021 include:

Global networking and cybersecurity manufacturer – equipment finance migration:

Go-live of equipment finance business covering 14 countries across Europe including UK, Ireland, France, Germany, Italy, and the Nordics in seven months
Consolidated four contract management systems to Solifi’s single, global, and highly scalable software-as-a-service (SaaS) platform

Global office equipment manufacturer – equipment finance migration:

New project to move the customer’s equipment finance business to Solifi’s end-to-end SaaS solution
Global rollout to US and 23 European countries including UK, France, Germany, Spain, Portugal, Italy, Netherlands, Poland, and the Nordics

UK bank – equipment and automotive finance migration:

Combined equipment and automotive finance rollout set to go live in the UK first half of 2022
Selected solution based on Solifi’s global reputation, integrity, and accuracy in the equipment finance space
Selected solution to eliminate regulatory risk, automate internal processes, improve efficiency, and create a positive user experience with low-touch digital transformation to drive strategic growth

Major European automotive manufacturer – automotive finance digital transformation:

Significant initiative to implement electronic signature capability across several European countries supporting their digital transformation strategy
Simplify, automate, and optimize origination and in-life process workflows
Go-live planned for early 2022

“With our open finance platform, you benefit from operational efficiencies that are repeatable and scalable from one part of your business to another and from one country to another,” explained James Redfern, VP of sales, Solifi EMEA. “We’re excited and proud to continue our European growth with leading equipment and automotive financing companies as their trusted solution partner to support strategic growth and legacy systems transformation.”

As well as success in Europe, Solifi reported continued momentum in the US, with 11 new customer wins and 14 customer go-lives in the year to date. The company now serves 34 of the top 50 US banks, seven of the top 10 US asset financing firms, including two of the three largest independents, and three of the top five US factors.