We will be rebranding the Fleet Procure stock management module on 01 April to offer it as a standalone product, such has been the interest from leasing companies seeking a stock management system which can effectively manage their tactical stock vehicles.
THE Fleet Procure stock management module, which has registered 3500 vehicle orders since the system went live just 16 months ago, will become a standalone product from April.
The fintech business, which enables leasing brokers to procure vehicles through participating dealer partners, says its web-based stock management module is utilised by over 80 leasing brokers and more than 160 dealers.
Such has been the success of the system, which Fleet Procure claims is the only truly ‘live’ stock management module in the market, that it will be launched as a fully automated standalone feature that can be accessed without using the rest of the procurement platform.
Lee Jones, managing director of Fleet Procure, explained:
“We will be rebranding the module on 01 April to offer it as a standalone product, such has been the interest from leasing companies seeking a stock management system which can effectively manage their tactical stock vehicles.
“Current market offerings don’t offer the level of automation required by both the funders and brokers, with cancelled orders often an issue since these have to be uploaded back into the system manually. The beauty of our module is its live status all the way through to vehicle delivery, offering a far greater visual of the vehicle status and journey.”
Lee said that a host of new features were currently under development, which would benefit both existing Fleet Procure users as well as users of the new standalone product.
Fleet Procure said that February 2023 was tracking to be the biggest ever month for stock orders, with over 300 vehicles sold via the stock management module. On average in 2023, there have been 582 vehicles available for sale daily within the module.
“This year we anticipate a total of 4,000 stock managed orders just within the Fleet Procure core platform,” added Lee.
At the company’s recent conference, it announced that its cloud based system would also be able to take agency orders.
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Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.
