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UK's original Logbook Loans compnay outsources to icenet | March 2007
Log Book Loans is the latest consumer finance company to outsource its IT system to specialist instalment lending software company, icenet. Based in Putney, Log Book Loans is the UK’s original logbook loan company, specialising in releasing equity from vehicles and operates via a national network of franchises. Alex Stephen, Chief Executive, icenet commented “Log Book Loans approached us with a requirement for a bespoke version of ice.net, geared specifically towards their business of same day secured loans, on the value of a car. The system that is currently under development will manage the whole business process from enquiry, administration and collection, right through to re-marketing the customer base. Furthermore, icenet has developed electronic links into HPI and Experian to provide real time vehicle information to perform the necessary checks on the car, its valuation and any existing finance arrangements.” “Because our business comes to us from various sources, it was crucial that the system we selected could provide the franchisees with the ability to track cases at anytime. Additionally, the management reporting function will give us the ability to determine how the different areas of the business perform” commented David Barnett, Financial Controller at Log Book Loans “We are looking forward to working with icenet and growing the business on the back of the strong CRM function and inherent efficiencies in the system.” . |
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