Award winning vehicle leasing specialist boosts profitability and reduces costs with new Sage X3 platform.
Vanarama is an award-winning personal and commercial vehicle leasing company. Having been created as a Startup in 2004, with a focus on delivering a cost-effective, simple way of accessing a new car, van or truck, the organisation now employs 230 people.
With the largest panel of funders, Vanarama has the greatest buying power on the market, enabling the team to offer the best leasing deals according to customer needs, as well as accompanying finance, insurance and maintenance packages.
Planning for the Journey
In the wake of significant growth, Vanarama embarked upon a review of its core business systems. Having used Sage Line 50 since its inception, the system could no longer process increasing transaction volumes efficiently, and the team therefore identified a requirement for new capabilities to underpin future business growth.
Following a tender process which involved extensive research of the ERP market, Vanarama selected Sage X3 based on its ability to scale and support high growth businesses. Key to the decision was Sage X3’s ability to manage the entire business via a single platform, providing both flexibility and robust capabilities from which to assume greater control and carve out competitive advantage.
Business software consultancy Percipient was chosen based on its deep industry expertise, knowledge of Sage’s solutions, and extensive experience of Sage X3 deployments across a range of sectors.
“While Sage Line 50 was perfect when the business was first established, it quickly became overwhelmed by our high transaction levels and began to restrict our ability to operate as efficiently and profitably as we possibly could,” comments Matt Pearson, Financial Controller, Vanarama. “Sage X3 is designed precisely for organisations experiencing rapid growth, and this, combined with its cost effective price tag and intuitive interface, meant that we had no doubt that it represented the best solution for the next stage in Vanarama’s journey.”
The quicker, slicker processing, immediate access to key business insights, and ability to integrate easily with other systems has helped the business to carve out an advantage, drive substantial efficiencies and optimise our position in the market
Now live, Sage X3 is driving substantial benefits for the fleet leader. A well as having capabilities to process payment runs in high volumes, Vanarama can create reports on any area, for any group across the business, quickly and easily.
“Because the reports provide in depth insights at a unit level, we can view profitability in a given area in real time, even down to the specific vehicle registration,” Matt continues. “This granularity is hugely valuable in our planning, as we can ensure that we channel resources and marketing efforts into our most profitable areas. In parallel, the finance team have saved at least a day every four weeks in processing month end, which equates to 5% more resource which can potentially be dedicated to strategic planning.
“The quicker, slicker processing, immediate access to key business insights, and ability to integrate easily with other systems has helped the business to carve out an advantage, drive substantial efficiencies and optimise our position in the market.”
The Percipient Advantage
With over 15 years’ experience of Sage and other business software deployments, Percipient’s ethos is centred around being straightforward and honest, and aligning the right business solution with a customer’s specific needs and goals to drive performance. This ethos has been key to the success of this project.
Matt Pearson concludes: “At Vanarama we are continuously seeking out ways to do things better, innovate and achieve, and the right technology is crucial in delivering in all of these areas. Percipient shared this sentiment and we had a great amount of synergy throughout the project. The team was excellent and worked diligently to help us resolve issues, deliver all aspects of training to help us get the most out of the system, and ultimately help us to achieve a very smooth transition.
“There is no doubt that technology has become a key lever in maximising resources and capitalising on growth opportunities in any industry, and for us, with Sage X3 at our helm, we’re in a really solid position as we continue on our growth path and look to the future.”
For more information about Percipient or how we can help your business, get in touch or call us on 01606 871332.