Bakheet Company for Machinery, a Saudi-based supplier of concrete, road construction, earthmoving, light, and garage equipment, announced the deployment of a major leasing software solution LeaseFlex to boost its operations.
LeaseFlex is specialised for the needs of financial leasing, operating leasing and equipment finance companies. It also increases operational efficiency with a centralised, flexible, and ready-to-use platform with best business practices.
The deployment by Asseco SEE (Asee), a part of Asseco Group, the sixth largest software vendor in Europe, included mainly end-to-end delivery of LeaseFlex with CRM integration, pricing and proposal management, credit evaluation and approval, contract management, management of collateral, purchasing management, management of payment plan, billing and collection, third party invoices, insurance management, treasury system, customer risk management, and current/general accounting modules.
Khalid Alrifai, chief financial officer of Bakheet said: “Being a reliable and trusted name in the Saudi market, we needed a cutting-edge service for our business model. That is why we chose LeaseFlex, for it stands out with its flexible infrastructure and the solution is able to meet our extensive line of products.”
Hatice Ayas, country leader for Asee Turkey, said: “Co-operating with Bakheet Company is a phenomenal opportunity for mutual growth. Working together since 2014, LeaseFlex has enabled the Saudi firm to benefit from the synergies of their ecosystem.”
Established in 1974, Bakheet has become a major player in the region. It boasts key business partnerships with global corporations including Schwing, O.Coughi, Terex, Wirtgen, Vögele, Hamm, Kleemann, Kobelco, Link-Belt, Kaeser, Weber Mt, Linosella, Marcital, and Verticrete.