From IT, operations to finance billing, employees across departments are caught in manual and repetitive tasks every day. Companies in the financial services and leasing industry are starting to implement chatbots, machine learning, artificial intelligence (AI) and robotic process automation (RPA) solutions to exponentially increase productivity by the automation of repetitive tasks, a fundamental part…
Technology innovation is all around us. Worldwide information technology spending this year is expected to hit $3.7 trillion, up 4.5% over 2017, as firms look to capitalise on the potential of the blockchain, Internet of Things, artificial intelligence and other digital solutions, Gartner Inc. said. Organisations within the financial services and leasing industry undertaking their digital…
Yes, that’s right, it’s that time of the year again! Another fantastic year has quickly passed by, supporting our clients in the Leasing and Financial Services industry with their business transformation and technology innovation projects. The VIP Apps Consulting team has taken a moment to look back on the past 12 months and reflect on…
The 13th edition of the Leasing Life Conference & Awards 2017 is taking place this year on 30th of November in Amsterdam. The annual conference brings together asset finance professionals and industry disruptors to discuss the critical issues facing the leasing industry. VIP Apps Consulting is delighted to attend and sponsor again this year the badges…
The sunny Malta location didn’t quite work out for Leaseurope 2017. Despite the flight chaos and torrential rain, the slightly seasoned leaders of the leasing industry embraced new regulations and most notably new technologies! New and refreshing session: Disruption. Provocation. Demonstration. Debate Brilliantly chaired by Carmen Ene, CEO,3 Step IT inviting technology experts Mahmood Aziz, Blue Prism, Parm Sangha, IBM and Abe Smith, Dealflo, to explain Robotic Automation and Blockchain concepts, Abe then explained the…
On the 5th and 6th of October, VIP Apps Consulting will be joining more than 450 board-level executives from more than 30 countries, gathering in St. Julian, Malta attending the European Leasing and Consumer Credit Industry 2017 Convention. Organised by Leaseurope and Eurofinas, the event is recognised as the preeminent yearly gathering for the European leasing, automotive rental, and…
The deadline to the new leases standards IFRS 16 / FASB ASC 842 is rapidly approaching with tremendous impact and changes to your organisation.With many lease agreements containing assets scattered around across systems, departments, filing cabinets, etc., which were previously off balance sheet now being brought onto companies’ books, the requirement for new streamlined business…
The benefits of implementing Robotic Process Automation in the Leasing and Financial services industry has caught the attention of many CFO leading the digital transformation strategies in their organisation. Financial service institutions around the world are responding to the evolving market demands by adopting smart technologies like RPA, to align the front, middle and back…
It is not news the disruption in the financial services industry is pushing banks to develop differentiated strategies to meet the challenges of entrants with innovative business models. Part of the problem in succeeding in this journey still lays in the ability to create flexible technology ecosystems and structures with the internal capabilities that can…
By definition, cross-border leasing is a leasing arrangement where lessor and lessee are situated in different countries – Because the agreement between parties involves two or more countries hence “cross-border”. Cross-border leasing is quite prominent in Europe. Also, beyond Europe, we can see Cross-border leasing between US, Canada & Latin American countries (Mexico, Brazil, etc.)….
