Jun 18, 2019
Paccar Financial Uses Sopra Banking Software’s Financing Solution to Launch New Operations in Brazil
São Paulo, Brazil, June 18, 2019 – Sopra Banking Software announces the successful Go Live in Brazil of Paccar Financial, which is now managing all of its credit operations with Sopra Banking Software’s financing solution, Cassiopae, in compliance with Brazilian regulations.
PACCAR Financial is a new bank established in Brazil to finance trucks sold by DAF Caminhões Brasil. The new bank will offer a full range of financing options for DAF customers and DAF dealers in the country.
In pursuit of a global solution to fully manage the bank’s credit operations, PACCAR Financial chose Sopra Banking Software and its financing solution, Cassiopae. In addition to managing the complete financing lifecycle from credit proposal issuance to collection, the Sopra Banking Software solution also meets local specificities and supports the Bank’s business requirements.
“With Sopra Banking Software’s financing solution, Paccar Financial is able to monitor all customer credit operations and meet Brazilian regulatory requirements with an automated approach, helping to mitigate the financial and legal risks of our new Bank,” says Joao Petry, Managing Director of Paccar Financial.
The software successfully met the bank’s rigorous accounting, access control, and security requirements, and was integrated with PACCAR Financial’s IT ecosystem including treasury, risk, and accounts payable systems.
“We are excited to partner with PACCAR Financial to launch this new Bank in the country”, says Georges Legrand, Managing Director for LATAM at Sopra Banking Software. “Offering a single, integrated front-to-back platform for all credit products and accounting events generated by operations and business events, was one of the determining factors for the partnership”.
About Paccar Financial
PACCAR is a global leader in the design, manufacture and customer support of premium medium and heavy-duty trucks under the Kenworth, Peterbilt and DAF brands. PACCAR also designs and manufactures diesel engines, distributes truck parts and provides truck financing as PACCAR Financial. In Brazil PACCAR manufactures trucks and distributes truck parts as DAF Caminhões and is providing financing for truck customers and dealers as PACCAR Financial.
About Sopra Banking Software
With 4 300 experts, a pro forma turnover 2018 of € 373,7 million and one of the deepest, broadest portfolios of software and services, Sopra Banking Software is a trusted, long-term partner of over 800 banks in more than 70 countries. Sopra Banking Software has an unequalled ability to address the requirements for banks and financial institutions of any size and scope, allowing them to innovate and expand their services. Sopra Banking Software is a subsidiary of the Sopra Steria Group, a European leader in digital transformation, with more than 44 000 employees. In 2018, Sopra Steria achieved generated a revenue of € 4,1 billion.
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Sopra Banking Software: Stéphanie DECORTIAT, +34 652 896 253, [email protected]