ASPEKT foresaw the leasing industry as a financial sector with great potential where outdated and rigid legacy systems created significant operational limitations and used these indications as a boost to provide efficient and cost saving leasing solution.
ASPEKT analyzed the global leasing market with emphasis on Europe and identified the major difficulties the companies experience with available leasing systems, and anticipated the issues that are preventing efficient response to industry trends.
The continuous demands of the high competitive leasing industry left companies unable to efficiently manage growing portfolios in their existing legacy systems because of the inability of the systems to support further expansion and changes, which undoubtedly increased the operational costs of system maintenance.
In order to respond to market needs and accommodate changing operations companies were forced to use multiple systems which additionally complicated the business process flow and slowed down time-to-market.
ASPEKT decided to bring to market a cost-efficient, adaptable and scalable software solution that completely eliminates labor-intensive operations and integrates business processes from disparate systems in one place, leading to headcount costs reductions and efficiency improvements.