Bank of Cyprus Finance Corporation (BCFC) has licensed Linedata Services' Ekip product to manage its leasing and credit finance activities.
France-based Linedata Services says its Ekip system is designed to manage all forms of leasing and credit finance activity, including automobile, equipment, commercial and retail. The system offers functionality for the front, middle and back office to streamline and automate contracts throughout the entire lifecycle.
Nicolas Sparsis, general manager, BCFC, says: "Not only will the Ekip solution manage a multitude of financial products and services, it will also improve productivity by optimising our processes, while enabling quicker implementation of new products."
Commenting on the BCFC contract, Philippe Gaillard, COO of Linedata Services' leasing and credit finance division, says: "The EKIP solution's ability to manage multiple financial products and its suitability to a UK financing model, as exists in Cyprus, made all the difference."