Operating in the competitive asset finance sector, Chef Leasing needed to maximise the channels of lending and drive efficiency into their business origination processes. After detailed consideration, Anchor’s Sentinel Enterprise solution was considered to be the right choice to achieve these goals.
ESIGN & PAYOUT
Once the deal has been underwritten and accepted Chef Leasing provides its clients with options as to how they would like to sign their agreement documentation.
Some customers are provided with documents by email automatically from the Proposal
Workflow which are then returned signed to Chef Leasing.
However, in order to drive efficiency, the preference is for agreement documentation to be e-signed by the customer. As leases can have a number of entities that are party to the agreement including directors, guarantors and company personnel the necessary links are sent to each party in order for them to E-sign via a sub module of the Sentinel Web Portal.
The customer provides their mobile number to which a unique PIN is sent that is used to validate the applicant is the party signing the agreement. They then sign their documents.
Once all documents are signed the application will be passed through the Proposal system workflow during which any final checks are conducted ahead of payout.
The Direct Debit is also set up electronically from the process of setting the agreement live.
Anchor implemented the Sentinel Enterprise solution within the 12 week deadline with the system going live on May 1st 2017.
Simon Pharoah, Chef Leasing’s Head of Leasing, said: