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Xpertek product enters transport solutions market


Johannesburg, 11 Oct 2011

Route Quest, the in-house finance company of the Route Holdings Group, recently signed a deal to purchase Xpertek's loan finance solution to administer their loan book. This represents Xpertek's entry into the truck financing business with its loan finance solution, Acquire.

RouteQuest was established in 2003 as a direct result of assisting the customers with finance when purchasing a trailer from SA Truck Bodies, Henred Fruehauf, Busaf Bauer and SA Roadtankers, which are the manufacturing divisions of the largest trailer manufacturer in South Africa.

Route Quest required a new system to administer its loans and replace the legacy system, which was not satisfying their requirements. Xpertek's Web-based loan finance solution (Acquire) will be used for in-house and discounted deals through their branch network.

It will integrate to Route Quest's general ledger system, thereby obviating the need for manual capturing to the GL. Acquire offers complete loan management from application right through to final payment. It also offers Route Quest a fully customised reporting engine - something the previous system lacked.

Other benefits of Acquire include automated invoicing and the discounting of deals to various funders. Later, Xpertek's highly configurable Workflow component can be added, which seamlessly integrates to Acquire, providing a workflow driven solution for Route Quest's business.

Route Quest had this to say about its choice of Xpertek as its software partner in lending: “The reasons behind purchasing Xpertek's loan finance solution to administer our loan book is simple: We needed a solution that caters for all our product needs in the easiest possible way. Xpertek's loan finance solution is compatible with all the different products we offer, and can easily be adapted to fulfil our needs. The customised reporting engine allows us the option of always having timely and accurate information at our fingertips in order to administer our loan book, which is very important to our kind of business.”

Xpertek's loan finance solution is already used by lenders in home loans, asset finance, bridging finance and can be used to administer any type of loan, providing it has a term attached to it.

For further information about Xpertek's solutions and services, kindly contact Barry Leonard, CEO of Xpertek, on 011 519 3000 or log on at http://www.xpertek.co.za.

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