BNP Paribas Leasing Solutions partners with Ritchie Bros. Asset Solutions to optimize its international asset valuation strategy

BREDA, Netherlands, April 13, 2022 /CNW/ – BNP Paribas Leasing Solutions, a European leader in equipment finance that managed more than €35.7 billion in assets in 2021, has selected Ritchie Bros. Asset Solutions and its suite of remarketing tools to optimize its asset valuation and 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 include precise residual values ​​in our contracts and offer more attractive solutions to our customers”, said Pierre Pavec, head of asset management. and the circular economy at BNP. Paribas leasing solutions. “Using Mascus asset valuation curves, finance calculator and line listing data from Ritchie Bros. Asset Solutions, 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.”

Helping the financial sector meet regulatory requirements

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 comprehensive database with millions of trading asset transactions, enabling them to make data-driven decisions regarding payout rates, risk exposure, and more. Ritchie Bros. Appraisal Services Asset Solutions help financial companies monitor and comply with Basel risks and regulatory requirements.

Asset disposition workflows are built into the software so users can easily transfer their assets to a sales channel of their choice, including non-reserved auctions, an online reserved marketplace, and an asset listing website. advertisement. Other services can also be arranged from the platform, including repossession and logistics, admission inspections, refurbishment, advice on repossessed and end-of-lease assets, and more .

“We are very pleased to have BNP Paribas Leasing Solutions on our side, the world’s largest leasing provider,” said Tim Scholt, 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.”

BNP Paribas Leasing Solutions has started using the Ritchie Bros. platform. Asset Solutions on April 1, 2022. Find out more about BNP Paribas Leasing Solutions on leasingsolutions.bnpparibas.com and about Ritchie Bros. Asset Solutions at rbassetsolutions.com.

About Ritchie Bros. Asset Solutions

Ritchie Bros. Asset Solutions is a web-based, mobile-friendly software tool that allows asset owners to track their assets with real-time market valuations, inspection and valuation services, and send the One-click layout multi-channel equipment and truck inventory. . The solution brings together a customizable suite of tools and services to help companies better manage, analyze and sell their assets. This includes an inventory management system, allowing dealers to easily list equipment for sale on their own centralized online used equipment store, as well as local shops; an inspection application; and multilingual marketing tools.

About BNP Paribas Leasing Solutions

European leader in asset financing, BNP Paribas Leasing Solutions supports the growth of its customers and industrial partners by offering leasing and financing solutions with services for their professional equipment. At the heart of the usage economy, we offer businesses the flexibility they need to stay competitive and grow sustainably. Our 3,700 experts support the growth of our customers and partners by offering them an increasingly digital experience. In 2021, we financed 343,000 projects for a total volume of €14.7 billion in 20 countries, Europe and also Asia, United States and Canada.

About Ritchie Bros.

Founded in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, providing clients with end-to-end solutions for the purchase and sale of heavy equipment, trucks and other assets second hand. Operating in a number of sectors, including construction, transport, agriculture, energy, mining and forestry, the company’s sales channels include: Ritchie Bros. Auctioneersthe world’s largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly auctions and providing exclusive IronClad Assurance® equipment condition certification; Marketplace-Ea controlled marketplace offering multiple price and timeframe options; Ritchie lista self-service registration service for North America; Mascus, a European leader in online equipment referencing; Ritchie Bros. Private Treaty, offer negotiated over-the-counter sales; and industry solutions GovPlanet, TruckPlanet, and Kruse Energy. The Company’s solution suite also includes Ritchie Bros. Asset Solutions and Ruse Services LLCwhich together provide a comprehensive end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartTeam, an innovative technology platform that supports customer lifecycle management of equipment and integrates parts procurement from OEMs and dealers; as well as the financing and leasing of equipment by Ritchie Bros. Financial Services. For more information about Ritchie Bros., visit RitchieBros.com.

Photos and video for inclusion in media reports are available at rbauction.com/media.

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