Emric enables Danske Finans’ unique financing solution

– In a competitive market it’s more important than ever to create flexible solutions that give customers more choice, says Rolf Ekström, head of Danske Finans in Sweden. Our “Contract Financing” solution opens up a better concept for our customers, especially for retailers of cars and other consumer durables.

Third-party solution benefits everyone

According to Rolf Ekström, Danske Finans’ Contract Financing solution has a number of advantages. Improved revenues, sales and better customer relations combined with less administration sounds almost too good to be true.

– The retailer finances their leasing or hire-purchase contracts with us and can set the interest rate it charges to the customers themselves. This way, they can control the interest margins. The retailer makes their own credit decisions and can close deals right away.

Emric’s business system hands full control of the customer base to the retailer and enables them to maintain contact with the customer. And Danske Finans saved all the end-customer administration.

Emric’s solution is central

Emric’s outsourcing concept was central to Danske Finans’ ability to roll out its unique solution in 2010. In principle, Emric’s concept makes it possible to roll out an unlimited number of virtual financial companies across Sweden, quickly and with limited investment. Danske Bank merely has to focus on meeting its customers, i.e. the retailers. Emric takes care of all the behind-the-scenes work.

– Emric doesn’t just have control over the technical solutions. What is unique here is that Emric also understands our business, says Rolf Ekström.

Emric has operational responsibility

The dynamic outsourcing solution, and the cost-effective processes it entailed, was an important reason that Danske Finans chose Emric as a supplier and partner.

– Emric has cutting-edge competence – they’re extremely strong in this area, says Rolf Ekström, and lists several new customers.

Great praise indeed for everyone working at Emric Outsourcing.

– We are very proud of having established such a close and comprehensive partnership. We also see a great number of opportunities to find new solutions so that Danske Finans can launch more intelligent and competitive financing products quicker and more effectively, says Linus Singelman, Business Area Manager for Emric Outsourcing.