Abu Dhabi National Leasing Company (ADNL), the lease finance arm of National Bank of Abu Dhabi, has selected Turkish firm Sigma Consultancy's LeaseFlex software for managing equipment and fleet leasing.

LeaseFlex by Sigma Consultancy is web-based asset-management software that allows managing and monitoring the full lifecycle of leasing operations from proposals to pricing, contract management, operations, asset tracking, funding, risk management, billing and collections.

An agreement was signed in this connection in Istanbul by Yousef Abdulla Yousef, the ADNL managing director and Sirma Atac, vice president of Sigma Consultancy.

“After an in-depth research into leasing software solutions offered by reputed vendors, we decided to sign with Sigma because its integrated, end-to-end, robust and tailor-made solution is best suited for the ADNL business model,” remarked Yousef.

“LeaseFlex allows ADNL to further enhance its high quality signature services to large UAE, GCC and international corporate entities,” he noted.

LeaseFlex is an integrated ERM solution for management of the complete lifecycle of leases and assets integrated system comprised of front office and back office modules.

It is a web-based system designed for international business with multi-company support and consolidation capability, multi-lingual and multi-product support like financial leasing, operating leasing, fleet management, and consumer finance in the same installation.

Sigma, founded in 1982, is part of Tepum Group of Companies with head office in Istanbul.

ADNL was established by NBAD to focus on financing capital assets to boost manufacturing in the UAE, said Yousef.

'It focuses primarily on lease financing of plant and machinery, aircrafts, ships, vessels, oil tankers and other large infrastructure equipments such as earth moving and port handling equipments,' he explained.

This niche concept of equipment leasing is new to the region and ADNL, as a trendsetter, is tapping market potential to grow in a progressive manner given its access to the substantial resources of NBAD, said Yousef.

ADNL provides all types of lease and lease finance facilities to large UAE, GCC and international corporate entities operating in the UAE, he added.-TradeArabia News Service