VW Financial Services South Africa chooses Bynx as its trusted IT partner

bynxFLEET went live on 4 April 2016 and will help open up VWFS ZA’s potential to new opportunities and growing markets.

As this is a new venture for VWFS ZA, a new fleet and leasing management system was required to run it. Having established its business in the country some 25 years ago, Bynx understands the South African vehicle leasing market.

bynxFLEET is a complete, end-to-end, proven and stable platform, which has been highly adaptable to VWFS ZA’s business model.

In this case, VWFS ZA had to be quick to market to seize new opportunities. Working in close partnership with the company’s own leasing experts, Bynx was able to bring the project from a greenfield site to go-live within nine months.

VWFS ZA deliberately runs lean to focus on its core strength. As such, its IT platform must interface with external third-party systems and applications associated with in-life services (banks, maintenance, licencing).

Patrik Riese, managing director, sales and marketing, VW Financial Services – South Africa Pty said: “We’ve been involved in consumer leasing for some time but business leasing is more involved and complex in South Africa. As this is a joint venture with a bank, upstream reporting – plus compliance and governance – are critical and bynxFLEET offers best practice functionality in those areas. The company’s guidance and advice on reporting at a transactional level, which is necessary for leasing companies, has also been invaluable.”

As VWFS ZA has no in-house technical resources, another unique aspect of Bynx’ offering is that it has partnered with the country’s only Tier 4 hosting provider, based in one of the sole locations to guarantee the highest level of electrical power continuity in the country. Bynx committed to SLAs (service level agreements) for the whole managed service, including technical software support and infrastructure for a 100% outsourced solution.

Gary Jefferies, sales and marketing director (pictured above), Bynx added: “VWFS ZA has demonstrated passion and enthusiasm for this venture from the start. They have brought the financial management function in-house, which is new and we’ve been able to offer guidance in terms of creating the business structure from operational processing through financial accounting and reporting. Our teams worked closely and developed a fantastic rapport.”

A further phase in the future includes the client portal, which will allow fleet managers to login and monitor vehicles – from quotes through procurement and all vehicle in life actions.