Wyse leasing Plc Selects 42 for Asset Finance

12 September 2005: Northern Arch today announced that Wyse Leasing Plc has selected 42â„¢ as its sole IT solution for its Asset Finance and Brokerage business. Wyse plans to use 42â„¢ in its head office and throughout seven regional offices.

Wyse will use 42â„¢ to support its brokerage business and all aspects of its own technology leasing operations. 42â„¢ will replace four existing systems and provide an integrated end-to-end lease management and asset finance system.

Neil Lamond Commercial Director, Wyse, said, "We selected 42 from Northern Arch after examining various industry offerings including an in-house bespoke solution. 42 will offer us straight-through processing with front-to-back integration, incorporating comprehensive Application Management , CRM and Risk Management together with Processing Functions, Asset Management and Accounting. This will assist us in reducing costs and errors while helping improve our overall operational efficiency, business processes and increase our level of service for our Lessors and well as Lessees"

Amongst other reasons, 42™ was selected because of its modern technology, which enables Wyse to communicate with all its partners in a real-time environment. Northern Arch’s commitment to providing local on the ground knowledge and support was also a major factor.

"It was clear to me from the outset that Northern Arch is an experienced provider of financial technology with a strong reputation and track record around the world" said Neil Lamond. "42 is a highly configurable, intuitive system which provides Wyse with an advanced technological platform from which we can deliver end-to-end financial solutions to our customers now and as the business changes in the future."

Henrik Schroter, Director, Northern Arch says "Wyse recognises the importance of having the support of a strong Asset Finance solution when striving to keep ahead of the competition. This implementation continues the success of 42â„¢, demonstrating the products flexibility and end to end processing capability. We are exited by the opportunity to work with such a progressive organisation."

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