Quadrent and Societe Generale Equipment Finance Sign Regional Co-Operation Agreement
Quadrent and Societe Generale Equipment Finance (SGEF) are delighted to announce the signing of a regional co-operation agreement for Australia and New Zealand. The agreement appoints Quadrent as SGEF's partner in the region to provide finance solutions for global equipment manufacturers and distributors, supporting the sale of their equipment to their customers.
Quadrent has circa €20bn in assets which it funds or manages via its lease reporting and compliance software (LOIS - Lease Optimisation Information System), for some of the region’s largest organisations and offers the local market knowledge, expertise and resources to make SGEF commitments to its international vendors in the region a reality.
Increasingly, customers are seeking manufacturers that support equipment acquisition without the need to invest large amounts of capital up front, spreading the cost of equipment over time, as the equipment delivers value. This requires a solution provider that understands the underlying equipment, the customers’ needs and how that equipment delivers value over time. Therefore, successful vendor financing solutions need to be a seamless element of the equipment acquisition process.
SGEF Chief Commercial Officer, Florence Roussel Pollet, said, “We are supporting our international vendors in more than 35 locations in Europe, Americas, Africa and Asia. To accompany our vendors’ strategy, we were eager to partner with a major leasing actor in Australia and New Zealand. We are convinced that Quadrent shares our commitment to customers and will enable us to offer a truly global service.”
Quadrent’s CEO, Marty Masteron, added, “Without a doubt we are very excited to be partnering with SGEF in this part of the world. Our culture of creating high levels of customer advocacy, building long-term mutually beneficial relationships and offering funding flexibility, all align with the SGEF culture and the global vendors they support.”
About Quadrent and Societe Generale Equipment Finance (SGEF)
Quadrent is Australasia’s leading and most trusted asset financier and lease accounting software provider. Our core leasing services have reshaped equipment financing with a series of products that provide our customers with greater insights on how to finance, use and manage their assets better.
SGEF is the international equipment and vendor finance specialist of Societe Generale group. SGEF is a worldwide leading player and a key partner for manufacturers and vendors in Europe, Africa, Asia and the Americas. With 1,500* people in its network and operating in more than 35** countries, SGEF managed outstandings of €24.2bn and produced €10.2bn* in New Business Volumes thanks to its sound industry knowledge in the Transportation, Industrial Equipment, Technology markets, Healthcare and Green Energy.
*At 31/12/2021 including SG leasing activity
** including partnership in Scandinavia
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