LPM – Captive Vendor Programmes
"We see LPM Outsourcing as a professional and innovative organisation. They have helped us transform our business" - Andy Laming, MAN Financial Services
Captive Vendor Programmes
Service Overview
LPM Outsourcing can provide a dedicated back office administration service to manufacturers establishing their own captive finance operation thereby minimising the investment required in processes, systems and staff.
Manufacturers outsource their back office operations in order to focus on the development of core business and maximise opportunities with their customers. Outsourcing non-core operations frees time, resources and funding to concentrate on new business.
Outsourcing Benefits – New Entrants
- Speed to market
- No major investment costs
- Dedicated & experienced resource
- Proactive arrears management
- Enables you to focus on core activities
- Rapid reaction to the introduction of new products
- Integrated Business Continuity & Disaster Recovery programme
- Agreed KPI’s
- Flexible System
- Multi Currency
Key Services
We provide a seamless fully integrated and client branded outsourcing solution including:
- New Business Processing
- Customer Services
- Billing and Collection
- BACS Bureau
- Cash Processing & Bank Reconciliation
- Arrears Management
- Management Reporting
- Lease Accounting
- Application & Systems Support
- Project Management
- Consultancy Services
- Business Continuity & Disaster Recovery
New Finance Company
“LPM Outsourcing certainly offer us 'added value'. We couldn't have achieved what we have achieved without them.”
Andy Laming, MAN Financial Services
Existing Finance Company
“LPM Outsourcing is like a division of Cisco, the people there understand the Cisco culture, and indeed they are Cisco vendors, almost part of the Cisco family.”
Kieran O'Brien, Cisco Capital
New Start Finance Company case study
Client: MAN Financial Services
Service delivered: Pan European portfolio management
Gross receivables: £250 million
Business volumes: 10,000 agreements
The client’s requirement:
MAN a leading manufacturer of commercial vehicles involved in a finance vendor partnership scheme decided to develop its own captive finance company to improve customer retention, development capabilities and to provide incremental profit. Rather than invest in systems, resources and infrastructure, the company decided to outsource the portfolio administration and accounting to LPM Outsourcing in a branded programme.
The initial requirement was to set up the new portfolio with supporting staff, infrastructure and operating procedures within 60 days for processing and administering new business.
LPM Outsourcing’s programme of action:
LPM Outsourcing analysed the business objectives, agreed them with the client and arranged system customisations to accommodate special requirements. Programme service levels and supporting staff and procedures were put in place and the first new business agreements were processed for the client within the target 60-day timeline.
Subsequent to the programme implementation the client decided to securitise its portfolio and LPM Outsourcing provided full support in adapting its service to capture the necessary data for securitisation administration and reporting.