BNP Paribas Leasing Solutions now uses Ritchie Bros. Asset Solutions

BNP Paribas Leasing Solutions, a European leader in equipment financing that managed more than €35.7 billion worth of assets in 2021, has selected Ritchie Bros. Asset Solutions and its suite of remarketing tools to optimize its asset valuation and management workflows.

It is key for us to be able to estimate the value of the equipment we finance so we can include accurate residual values in our contracts and offer more attractive solutions to our customers. With Ritchie Bros. Asset Solutions’ asset valuation curves, finance calculator, and Mascus’ row listings data, we’re able to refine our estimation models on all the equipment we finance and set up financing programs that meet the needs of our clients and partners.

Pierre Pavec, Asset Management and Circular Economy Manager at BNP Paribas Leasing Solutions

Helping the finance industry meet regulatory requirements

Ritchie Bros. Asset Solutions technology enables banks, leasing companies and other industrial equipment owners to streamline their asset tracking, valuation, and disposition workflows. Users get access to a comprehensive database with millions of commercial asset transactions, allowing them to make data-driven decisions on installment rates, risk exposure, and more. Ritchie Bros. Asset Solutions’ valuation services help finance companies monitor and meet the Basel risk and regulatory requirements.

Asset disposition workflows are built into the software so users can easily push their assets to a selling channel of choice, including unreserved auctions, a reserved online marketplace, and a leading ad listing website. Other services can also be arranged from the platform, including repossession and logistics, intake inspections, refurbishing, advice on repossessed and end-of-lease assets, and more.

We’re very excited to have BNP Paribas Leasing Solutions on board, the world’s largest vendor lease supplier. It’s a big step forward for the Ritchie Bros. Asset Solutions platform that we’re continuously developing and we’re looking forward to working with the BNP Paribas Leasing Solutions team to help them optimize their asset valuation.

Tim Scholte, VP and General Manager of Mascus and Ritchie Bros. Asset Solutions

BNP Paribas Leasing Solutions started using the Ritchie Bros. Asset Solutions platform on April 1, 2022. Learn more about BNP Paribas Leasing Solutions at leasingsolutions.bnpparibas.com and about Ritchie Bros. Asset Solutions at rbassetsolutions.com.

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Learn the value of your assets

With Ritchie Bros Price Results (part of Ritchie Bros. Asset Solutions) you can get a taste of unlocking the value of your assets. The online tool pulls historic pricing information from our global sales channels to help you make the best possible decisions when you’re buying or selling machines. Find out how you can estimate the price of your equipment in 3 quick and easy steps.

About Ritchie Bros. Asset Solutions

Ritchie Bros. Asset Solutions is a web-based, mobile-friendly software tool that empowers equipment owners to track their assets with real-time market valuations, inspection and appraisal services, and sending equipment and truck inventory to multiple disposition channels with a simple click. The solution brings together a customizable suite of tools and services to help companies better manage, analyze, and sell assets. This includes an inventory management system, allowing dealers to easily list equipment for sale on their own centralized used equipment webshop, as well as local ones; an inspection app; and multilingual marketing tools.

See also

Beyond the Bids: Building the most liquid marketplace in the world