Together, the two companies will tackle the pain points around terms management which they believe has been restricting the industry, drastically reducing the time spent manually inputting huge quantities of data, lost revenue, errors and inaccurate quotations.
Zenith, the eighth largest leasing company in the UK, has become the first major car leasing company to adopt Quotevine’s unique Software as a Service (SaaS) solution, Radia, which uses artificial intelligence to automate the processes and documentation involved in managing car leases – from initial quote to contract management. Zenith is implementing Radiacross its business in a phased approach, and is currently utilising the terms management product for ZenAuto, its digital direct-to-consumer personal contract hire solution.
Radia’s technology makes light work of uploading, reading and interpreting vehicle terms, applying CAP codes to them. The system translates all of this insight into a structured data format, where it can then be accessed instantaneously for a range of purposes.
Once fully implemented, Radia will manage all of Zenith’s leasing terms in one place, optimising procurement, enhancing the company’s sales responsiveness, reducing error rates and decreasing time to market and expensive effort lost on manual processes.