Automotive finance

Customers are looking for more product and services flexibility. Bundling value-added services with the financing is a common way to respond. But your customers are also increasingly looking to add services with a separate monthly subscription fee.

With SOFICO Miles Enterprise’s configurable platform, you can make the most of this transition. You can seamlessly manage financial schedules alongside any number of subscription-based services. The platform also integrates easily with third-party systems, allowing for greater flexibility in product offerings.

Drivers are less committed to owning their vehicles. As a result, interest in personal leases and even subscription-based models has grown. This requires you to be more flexible and manage a wider range of services.

To meet this complex situation, SOFICO Miles Enterprise supports a broad spectrum of financing products, including traditional financing, business or personal leasing, and user-centric subscriptions. This allows you to follow evolving customer preferences, as the shift from car ownership to “car-as-a-service” continues.

Most customers are willing to pay extra for a leasing contract with personalized fee-based services. To benefit, you need accurate, accessible data to create desirable subscription-based services, offers and even upsells.

With SOFICO Miles Enterprise you can manage the full lifecycle of a wide spectrum of finance products, including traditional finance, personal leasing, and full-service leasing. Miles can also cater to asset variability in lease contracts (other types of rolling equipment) and even supports wholesale/commercial finance for your dealer network.

Thanks to the platform’s hybrid character, you can easily scale your existing business alongside new mobility products— all within one system.

Complementing traditional dealership networks with a stronger omnichannel presence, allows you to offer a far better connected customer journey. Additionally, you can lean into and benefit from direct sales models.

With SOFICO Miles Enterprise’s integrated customer relationship tools you can establish closer customer touchpoints — online or in person. Moreover, its advanced analytics and customer-facing modules enable a more connected and personalized experience.

Residual value after a leasing or subscription contract have a significant impact on pricing. New strategies for refurbishment and remarketing are needed to reduce asset value risk and ensure better cost management.

SOFICO Miles Enterprise is ready to support your transition into a mobility company. You easily optimize asset management strategies, including handling multi-cycle leasing to reduce residual risk and targeting new customer segments, while still handling traditional finance products as well.