Solifi launches new ESG SaaS offering for automotive finance
Solifi, a global fintech software partner for secured finance, announced the launch of ESG Portfolio Strategist, as the latest innovative application in its product suite.
Enabling
automotive finance businesses to operationalise ESG strategy within their
existing leasing workflow, ESG Portfolio Strategist enables ESG compliance and
strategy execution, and can support them in tracking, monitoring, and
proactively advising clients on their ESG portfolio analytics. It is a
cloud-native SaaS offering that can be integrated with any Originations or
Contract Management system.
“Regulators,
investors, and consumers are aware of the importance of ESG within the evolving
sustainability landscape,” says Bill Noel, Chief Product Officer at Solifi.
“Lenders require granular ESG reporting to support the execution of their
day-to-day ESG strategy. We worked with our customers and incorporated their
valuable feedback during an early-adopter programme. This enabled us to develop
a product that can support automotive funders of all sizes, seamlessly fitting
in with their current systems and workflow.”
The
application supplies the functionality that automotive lenders need to
calculate financed emissions, translate long-term CO2 reduction targets into
specific funding limits within the credit decisioning process, and access key
analytics to define decarbonisation strategies, with their portfolio data
enriched and aggregated centrally. ESG Portfolio Strategist also includes an
ESG Fleet Optimiser module, which aids asset funders in advising their SME and
fleet customers on optimal ways to decarbonise, using dynamic dashboards.
Solifi’s
ESG Portfolio Strategist solution includes:
-
Asset-level WLTP CO2 data and customisable ESG classifications;
- Calculation of financed emissions at asset level for all finance products
according to industry-standard frameworks;
- Ability to monitor and track progress of your automotive portfolio around
ESG;
- Ability to model funding allocation scenarios that meet portfolio CO2
reduction goals;
- Operationalise scenarios by establishing target funding allocation per
vehicle type and define additional deal acceptance criteria;
- Ability to integrate with any third-party contract management system and
connect ESG risk management KPIs to any third-party Originations system;
- Proactively suggest decarbonisation strategies to your fleet customers to
reduce their emissions;
- Provide fleet ESG and emissions analytics to your fleet customers via a
portal
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