Leasing Asset Database Processes and System Review

The middle-ticket leasing arm of a London-based bank were using a contract level leasing system to administer their portfolio. The middle office team also maintained a Leased Asset Database (‘LAD’) Excel file which held more detailed asset-level data relating to the lease contracts in the system.  Reconciliation issues with the asset data in the LAD and in the system led to inaccuracy of the depreciated asset values for the Risk LTV/FTV report.  The lack of data entry consistency and the production process for the Risk report required time-consuming manual processes and checks to update existing LAD data to ensure accuracy of depreciated asset values. Plus the operational inconsistency and the LAD being maintained in Excel brought technical issues such as the ability to make concurrent changes and file growth in size over time. The bank’s management team made a strategic decision to run an assessment to address these issues identified internally by the Executive Risk Committee.

Based on VIP Apps Consulting’s experience with business processes and system assessment, its strong relationship with client and its deep knowledge of the client’s business, the bank asked VIP Apps Consulting to support it in achieving these goals.



Contact

Want to learn more about how we help you?
  • This form collects your name, email and content for the sole purpose of providing a response. See our Privacy Policy for more details.

Why Choose Us?

We'll improve your Value chain, adding Innovation to simplify your business Process
Experts in ORACLE Based Solutions
Experts in the Leasing and Financial Services Industry
Proven delivery track record of successful Business Transformation and Technology Solutions

Related Services

System Assessment

Whether you are a new Oracle user or have had your Oracle system for some time, it is always useful to have your system checked…

More

AMOBI Methodology

Are your people and business processes in harmony with your IT solutions?How hard are your Business Systems working for you? At VIP Apps Consulting we…

More

Business Process Management (BPM)

In today’s changeable business and competitive economic and market environment, organisations must ensure agility, compliance and transparency across their operations. VIP Apps Consulting’s experience shows that…

More

Get more insight like this
in your inbox

Subscribe to our mailing list and get industry and technology insights to your email inbox.

Thank you for subscribing.

Something went wrong.

The form collects name and email so that we can add you to our newsletter list for updates. Checkout our privacy policy to learn how we protect and manage your submitted data.