Car leasing & Fleet management
Softeta’s expertise in IT consultancy and project management played a pivotal role in transforming a risk management system for a leading car leasing company in the Netherlands. The collaboration resulted in a robust, efficient, and ECB-compliant risk management solution.
Highlights
Our team implemented over 250 project requirements.
We rolled out the system to 5 key client’s entities.
Our team addressed over 50 key risks with 150 different controls.
Long lasting business outcome
The client was able to replace multiple legacy systems with one centralized risk management system.
Impact on the client
The project boosted Client’s risk management capabilities vital for their banking compliance, provided the client with a unified risk tool for global employees, enhanced their operational efficiency internationally, and helped to achieve improved European Central Bank audit results.
Background
Our Client, a renowned name in automobile leasing and fleet management, employs a global team of approximately 6600 professionals, with a significant presence in the Netherlands.
Founded in 1963, our Client has cemented its international footprint across more than 30 countries, specializing in operational fleet management services that set the standard in the industry.
Challenges
ECB legal framework compliance
The client faced a pivotal challenge following its acquisition of a banking license. Due to a mandate from the European Central Bank, they required an overhaul of their risk management system, leading to the need for a centralized global risk management tool.
System integration & data centralization
This tool was essential to manage risks uniformly across all Client’s entities, aligning with ECB’s stringent requirements.
Objectives
The key objective was to develop a comprehensive, integrated system for global risk management, enabling Client to:
- Centralize and streamline risk-related operations
- Replace outdated systems to avoid licensing costs
- Integrate smoothly with ALD
- Automotive and Societe Generale’s systems post the ALD
- Automotive merger.
Solution
Softeta started with expert consultancy to set the strategy for new system development, adopting an agile approach to efficiently handle requirements.
In partnership with Corporater, Softeta integrated a third-party risk management solution, and, as the project expanded, we grew our team from a single analyst to a comprehensive group of specialists, ensuring expertise across all project development stages.
Impact
- Client met European Central Bank’s requirements for risk
management. - Their business was able to replace multiple legacy systems with one centralized risk management system.
- The client avoided licensing costs of old systems.
- The company successfully rolled out the solution to a pilot entity and then expanded to its 5 additional business entities.
Testimonial
“The project delivered by Softeta boosted our risk management capabilities vital for banking compliance, provided us with a unified risk tool for global employees, enhanced our operational efficiency internationally, and helped to achieve improved European Central Bank audit results.”
The Client (under NDA)
Management team
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