HSBC Equipment Finance, part of HSBC Group, has deployed SunGard Ambit Leasing & Asset Based Finance solution, a web-based leasing and asset management solution. The solution will help HSBC support its growth strategy as it seeks to achieve consistent and measured growth in its domestic business and expand into new markets in Europe that currently do not have a well developed leasing infrastructure.
HSBC Equipment Finance is now able to use Ambit as the core, single system to support its business. A standardized database and infrastructure will allow for improved access to management information through a virtual dashboard into the business.
The solution enables HSBC to make decisions based on the availability of information in key areas of the business such as risk and compliance. The solution’s workflow capabilities will also help the firm gain new process efficiencies.
Richard Carter, head of HSBC Equipment Finance, said: “With SunGard’s Ambit solution, we are now able to execute our strategy while at the same time improving management insight into operations. The SunGard implementation team’s deep industry knowledge helped us translate real business problems and requirements into well defined processes and system functionality.”
Dave Barrett, COO of Ambit corporate banking business unit at SunGard, said: “Leasing and equipment finance organizations like HSBC Equipment Finance can rely on SunGard’s Ambit to help improve their ability to serve customers, support new product offerings and increase efficiencies and transparency into operations.”