WHY FASNEXUS?
We are a full solution provider for the finance industry. We can offer you any combination of our services, from consulting on operational aspects of administration services through to implementations of full 'turn-key' type projects, complete with software, staffing and service delivery guarantees. Our experience means we can offer you the benefits of economies of scale based on best-of-breed infrastructure for the widest possible range of customer channels. Why not contact us for more information?
Start-Up Finance Companies
At their most basic, all finance companies are fundamentally doing the same thing - lending money, either funded through bank lines of credits or taking deposits from investors seeking a return. In some cases, a security is taken by the lender over a borrower's asset(s) (a secured loan) or the ownership of the asset remains with the lender (a lease) or a flavour of the two. In all cases, the efficient operation of the business, the provision of excellent customer service and maintaining a low arrears book are key to maximising the success of the company.
Lending in the consumer space in particular is a market with relatively low barriers to entry but potentially high start-up costs. Companies need to consider a wide range of matters before operations can even start:
- Legal issues and costs. e.g. to create lending and saving documentation that meets government standards
- Marketing, including identifying the target market, the type of lending to be made, the required financial return and the appropriate credit criteria to contain risk
- Banking and financing requirements for lending and saving, and for operations, such as on-going advertising, prospectus printing, management reporting, etc.
- Infrastructure, such as technology systems for telephone service, records management, accurate financial reporting and office systems
- Recruitment and training of people to deliver and support the services, and the on-going management and recruitment of staff
All of this requires considerable investment in time, money and effort. Without experience, it can be a risky and lengthy business.
However, with many years of successful operation behind us on behalf of many different finance companies, FASNexus can drastically cut the time to market and advise you on your areas of risk to enable you to enter quickly and cost-effectively your target market. We can advise you from the moment you decide that creating a finance company may be an option for you to the creation, implementation and on-going operation of your finance business. Contact us for more information.
Existing Finance Companies
Our consulting is not just for start-ups - existing finance companies can benefit from our experience and insights. Because we work at the 'sharp end' of the business every day of the year, we are in an unmatched position to help identify and solve problems within existing finance companies, from operational issues surrounding quality through to technology systems and what works best in practice. If you have a operational problem, contact us to discuss how we can help solve it for you.
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