LPM Outsourcing

If you are about to start a finance company, you’ll know that investing in new computer systems, IT support staff, and back office administrative and accounting staff is expensive, resource intensive and very time consuming.

By outsourcing the management of your finance portfolio to LPM Outsourcing, you won’t have the expense of these upfront investments. What you will have, however, is access to a multidisciplined administrative and accounting resource, from day one.

With 20 years’ experience in managing finance and leasing programmes for other finance companies, LPM Outsourcing is a tried and tested partner that provides a low-risk, low-cost entry to market.

How we can help you

You can outsource any, or all, of the following activities to us:

• new agreement processing
• invoicing and cash processing
• credit control and arrears management
• direct debit collections
• customer and equipment vendor/supplier payment management services
• portfolio and management reporting
• accounting and VAT processing

Speed to market	Your back office will be up and running within six to eight weeks.
No major upfront investment costs	All systems and infrastructure will be provided by us – and in place from day one.
No complex procedures to introduce	All the necessary processes and procedures will be set up for you, carefully tailored to meet your exact needs.
Low start up costs	Costs are tailored to business volumes, process and set up complexity. So, if your programme starts small, your initial running costs will be correspondingly small.
Lower running costs	As we are geared up to achieve economies of scale, the cost of running your programme will be substantially lower than if you did it in-house.
No head count or hiring costs	We will provide all the experienced staff you need.
No learning curve	As you will have LPM Outsourcing’s expert team working on your behalf, there’s no need to train your own people.
Seamless, branded programme in your name	We will answer the phone in your name and all invoices and correspondence will be on your headed paper. Your customers won’t even know LPM Outsourcing exists.
Excellent performance	Our emphasis on performance delivery and our commitment to the highest operating standard will ensure your outsourced programme runs smoothly and efficiently at all times.
Improved cashflow	We will manage your customers’ payments, helping to ensure prompt payments are made.
Reduced risk	We have robust, tried and tested disaster recovery procedures in place to ensure business continuity.

Client:

SYSCAP

Service delivered:

Portfolio management

Gross receivables:

£60 million

Business volumes:

1,200 agreements

The client’s requirement:

SYSCAP, a finance and leasing broker wished to increase shareholder value by developing its own book.

It was seeking a market-entry solution that did not involve the high investment in systems and administrative infrastructure usually required to set up, manage and account for a finance portfolio.

LPM Outsourcing’s programme of action:

• In close consultation with our client, we established the necessary workflows and supporting operating procedures and then customised our system to meet the client’s precise requirements.
• The services we deliver cover all administration, customer service, collection and accounting functions in a fully-branded client programme.
• Shareholder value was significantly increased and the business was sold in 2007, with LPM Outsourcing continuing to administer the portfolio for the new owners.
• The first agreement was processed for the client in 1998. Today, their portfolio has grown to £60 million.