After LHV Finance was founded, need for special software solution appeared. The main functional requirement was ability to integrate financial accounting and full cycle process of hire purchase for retailers, starting from contract posting to system and ending with contracts expire or termination.
ColumbusLeasing was chosen as the right product for LHV Finance, which can bring many benefits in processes management of financial company.
In April, the hire-purchase product and information systems - necessary for issuing and administration of hire-purchase products - were completed and first contracts were signed. In May, the company launched hirepurchase service in all Euronics chain (19 stores), starting from June – step by step in other stores, total number of stores is more than 100.
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