Sub Industry: Asset Finance

Who will win in the brave new world of financial services?

Jamie Dimon, Chairman and CEO of JPMorgan Chase, recently told analysts he was “scared sh*tless” of the threat fintech and big tech pose to his industry. This hugely respected banker at one of the most highly valued banks in the world is clear that his competitive set has changed. He

3 steps to enhance invoice processing efficiency through Intelligent Automation

71% of finance professionals still cite manual data entry and inefficient, error-prone, time-consuming processes as their key pain points. Processing an invoice, takes anywhere between 4.1 to 16.3 days per invoice – from receipt to payment approval. Ardent Partners’ Accounts Payable Metrics That Matter in 2020 report reveals that while

Why it makes sense to standardize processes before deploying RPA

Many companies design RPA implementations to support their ‘as-is’ processes, without evaluating or standardizing the existing process map. As a result, they achieve modest savings at best, and in most cases forego the opportunity to dramatically improve process outcomes, quality, costs and turn times. If you’re considering an RPA implementation

Reducing transformation risk for auto-finance lender with guaranteed business outcomes

A business transformation engagement with a private-equity owned auto-finance lender, resulted in improved outcomes for the client, paving the way to a five-year partnership with Firstsource. Background The client is a private equity-owned auto-finance lender and car dealer with around 150 outlets in the US, mostly franchise-owned. It specializes in

Firstsource delivers cost savings of $3 million for top UK Bank

Background The client is one of the largest banks in the UK and provides commercial financing solutions to businesses, including factoring, invoice discounting, asset-based lending, asset financing and more. As a market leader in the commercial finance segment, the client has a 16% market share that translates to £3.7 billion.

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