• CNH Industrial Capital, the North American financing arm of one of the world’s largest capital goods manufacturers, will combine management of its financing and leasing portfolios on a single platform.
• FIS technology will simplify accounting, tax reporting and compliance, while reducing total costs.
FIS™, a global leader in financial services and payment technology, announced today that CNH Industrial Capital America (CNH), the captive finance company for capital goods provider CNH Industrial America, has selected the FIS asset finance solution as its new technology platform for managing its commercial contract and lease portfolios.
CNH Industrial Capital America (cnhindustrialcapital.com) is the financing arm of CNH Industrial America, a leading provider of agricultural and construction equipment. The company was looking to consolidate management of its disparate commercial contract and lease portfolios on a single integrated and modern technology platform.
By selecting the FIS asset finance solution, CNH will benefit from an integrated view of customer and dealer information, enhancing its decision-making while simplifying accounting and tax reporting, managing regulatory compliance and reducing costs.
“As CNH continues to grow, we were looking for a leading-edge technology platform that would provide us a new level of configuration, automation and advanced integration capabilities for managing our business,” said Brett Davis, president, CNH Industrial Capital America. “FIS provided the solution, and we look forward to using it to increase our competitiveness in the market.”
“No two companies are alike, and the flexibility of our solution to address the specific needs of CNH Industrial Capital made a difference in FIS’ selection,” said Marianne Brown, chief operating officer, FIS. “We are confident that CNH will realize significant benefits from this advanced solution.”
FIS (fisglobal.com) is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 53,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index.