TA MERI FINANCE PVT. LTD, a member of the international TA MERI GROUP and the brand owner of LUXURY CARS CLUB & FINANCING and SMART FINANCE, has partnered with HES to launch a high-end automated IT Lending Platform and provide financing to its customers in Cyprus.
The platform powered by HES provides functionality of customers’ acquisition, decision making, complex credit product engine with multiple features such as insurance, document management, CRM, reporting and more.
Now, the customers of Luxury Cars Club and Financing, as well as the customers of Smart Finance can enjoy the comfort of the “one-stop shop” approach when purchasing and financing a car. A customer can select a car, get corresponding financing, request car services and buy insurance in any Luxury Cars partner shop. Moreover, a customer could repay all these expenses via monthly installments.
HES Lending Platform has several technology-based competitive advantages. The key advantages are maturity and flexibility. The platform balances the agility of customisation and the maturity of the HES Core Lending Engine assuring that a financing provider gets a go-to-market project within few months. HES Lending Platform is based on FOSS-technologies. There are no licensing fees (except for the platform source code), and no per-user charges or penalties for growth. This model allows Ta Meri Finance focusing on business growth without regard to technological limitations of the core IT system.
We have chosen HES company as a finance IT platform provider for us for several reasons. First, the company has deep expertise in international financial markets. Second, HES Lending Platform is very flexible and easy-to-use by our partner shops. The system works online in real-time, so no installations are needed.
It is crucial for us to have a user-friendly platform. Our business model suggests that our partners can create financing application in our IT system by themselves. All we have to do is to grant them an access to the system and do a short training for them.
And the third reason to choose HES is that this is a cost-wise IT solution. It is also very important for us because we didn`t want to install heavy IT system with great maintenance cost.
Ta Meri founders approached HES with a unique business idea of financing luxury car purchase – first of a kind in Cyprus. Within a few months, HES implemented a solution with the core logic, workflow and business processes. This successful launch allows Ta Meri Finance to take a solid position on the market in the short term.
We are excited to establish a strategic partnership with Ta Meri Finance and support their financing operation in the Cyprus region. Helping our clients to achieve their business objectives is our core focus. We believe that our proven expertise and best-in-class lending software will support that mission and help Ta Meri Finance drive strategic growth and expansion.
Ta Meri Finance Private Limited, registered in Cyprus, is a member of the international TA MERI GROUP, headquartered in Czech Republic. Ta Meri Finance is an international team of finance professionals with more than 15 years of experience in car financing. The company provides all types of car financing in Cyprus.
Luxury Cars Club & Financing (www.luxurycars.com.cy) is a brand of Ta Meri Finance, which was designed to finance new luxury cars priced from 60 thousand euro and up to 450 thousand euro. The brand aims to cooperate with the main official luxury car dealers, which are present in Cyprus.
All clients who have bought new cars with the help of Ta Meri Finance, become Luxury Cars Club members.
Smart Finance (www.smartfinance.com.cy) is a brand of Ta Meri Finance, which is designed to provide Cyprus residents (Cypriots, EU and non-EU citizens) with financing for purchasing goods and services from 700 euro and up to 100.000 euro for a period of 3 months to 5 years.
HES (Hi-End Systems; https://onlinelendingsoftware.com) is a recognized financial software vendor and technology consultant. The company builds and markets integrated end-to-end lending platforms that help banks and alternative lenders streamline a loan lifecycle - from origination to final repayments. Headquartered in Vilnius, Lithuania, HES was founded in 2012.
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