According to epyx, the technology solutions provider for the automotive sector, just 20% of cars sourced through PCH have maintenance included, compared to 80% of traditional corporate contract hire. This can leave the leasing company in the dark as to whether a vehicle is being serviced regularly, or if maintenance is to manufacturer standards, which is critical to maintaining predicted residual values when remarketing. If the PCH is being used by an employee for business use as part of an...

Finance technology company White Clarke Group is providing new advanced data visualisation services, dashboards and intelligent analysis in a partnership with information management company OpenText. OpenText Analytics offfers a comprehensive set of analytics software which White Clarke Group will use to provide users of its CALMS platform with enhanced data insights. The CALMS platform is used by automotive, consumer and equipment finance companies around the world to manage their process...

Businesses find it hard to choose the right finance solution because they are being bombarded with jargon, according to new research. There are currently 30 different terms to describe just three financial products, a report by Wyelands Bank has found, including receivables finance, which has 21 different names. Trade finance, which enables the purchase of goods for confirmed orders from creditworthy buyers, has five different names, while inventory finance, where credit is secured against...

Demand for finance has doubled at UK-based Portman Asset Finance as originated funding secured for businesses leapt to £30 million in the past three months, compared to £15 million for the same period last year. The record funding, provided to 550 business customers, comes after a major recruitment drive at the company, which now employs 55 members of staff at its headquarters in Northampton. Portman Asset Finance was founded in 2007 and specialises in helping businesses to fund large...

Silverstone is home to the British Formula 1 Grand Prix, but it also hosts many other high-speed events throughout the year. Having a reliable fleet is a must. Some of the richest people in the world visit the iconic Silverstone race circuit in Northamptonshire each year. But, when it comes to operating the fleet that keeps the races on track, every penny counts. The venue is home to the Formula 1 British Grand Prix, the UK’s largest single day sporting event, which this year saw 350,000...