BNP Paribas Leasing Solutions partners with Ritchie Bros. Asset Solutions

BNP Paribas Leasing Solutions, a European equipment finance provider that managed more than €35.7 billion ($38.95 billion) in assets in 2021, has selected Ritchie Bros. Asset Solutions and its suite of remarketing tools for its valuation and asset management workflows.

“It is essential for us to be able to estimate the value of the equipment we finance in order to be able to integrate precise residual values ​​into our contracts and offer more attractive solutions to our customers”, Pierre Pavec, head of asset management and circular economy at BNP Paribas Rental Solutions, said. “With asset valuation curves from Ritchie Bros. Asset Solutions, finance calculator and line listing data from Mascus, we are able to refine our estimation models on all the equipment we finance and to set up financing programs that meet the needs of our customers and partners.

Ritchie Bros technology. Asset Solutions enables banks, leasing companies and other industrial equipment owners to streamline their asset tracking, valuation and disposal workflows. Users have access to a database of millions of trading asset transactions, enabling them to make data-driven decisions regarding payout rates and risk exposure. Ritchie Bros. Appraisal Services Asset Solutions can also help financial companies monitor and comply with Basel risks and regulatory requirements.

Asset disposition workflows are integrated with software from Ritchie Bros. Asset Solutions so that users can transfer their assets to a sales channel of their choice, including non-reserved auctions, an online reserved marketplace and an announcement listing website. Other services can also be arranged from the platform, including repossession and logistics, admission inspections, refurbishment and advice on repossessed and end-of-lease assets.

“We are very pleased to have BNP Paribas Leasing Solutions on board, the world’s largest leasing provider,” said Tim Scholte, vice president and general manager of Mascus and Ritchie Bros. AssetSolutions. “This is a big step forward for the Ritchie Bros. Asset Solutions platform that we are continuously developing and we look forward to working with the BNP Paribas Leasing Solutions team to help them maximize the value of their assets.”

Comments are closed.