HSBC Equipment Finance is now able to use Ambit as the core, single system to support its business. A standardized database and infrastructure will allow for improved access to management information through a virtual dashboard into the business. This transparency will help HSBC make decisions based on the availability of accurate information in key areas of the business such as risk and compliance. The solutionâs workflow capabilities will also help the firm gain new process efficiencies.
Richard Carter, head of HSBC Equipment Finance Ltd., commented, âOur previous system placed limitations on our ability to grow and diversify our business. With SunGardâs Ambit solution, we are now able to execute our strategy while at the same time improving management insight into operations. The SunGard implementation teamâs deep industry knowledge helped us translate real business problems and requirements into well defined processes and system functionality.â
Dave Barrett, chief operating officer of SunGardâs Ambit corporate banking business unit, said, âLeasing and equipment finance companies are positioning themselves for growth and expansion into new markets. However, their biggest challenge is not market opportunity but rather their existing technology systems placing limitations on their ability to execute well developed business strategies. Leasing and equipment finance organizations like HSBC Equipment Finance can rely on SunGardâs Ambit to help improve their ability to serve customers, support new product offerings and increase efficiencies and transparency into operations.
* SunGardâs Ambit Leasing and Asset-Based Finance solution is based on 42, an asset finance, fleet management, and consumer credit system developed by Northern Arch.