Current price comparison tool gives lease company customers greater transparency
So as to be transparent for its customers, a lease company devised a model for comparing prices with the market. PwC took care of its implementation in the existing reporting environment. Within that environment, the model is now automatically updated each quarter with data from both internal and external sources.
What was the problem?
The car leasing sector is a dynamic market within which there is sharp competition as regards the supply and the price. In particular, the varying prices charged by the different lease companies make it difficult for the larger players to retain customers. A customer can always simply seek out the best offer and spread his fleet across several different providers. So as to be transparent for its customers, a lease company devised a model for comparing the average price of a car in a fleet with the average prices within the market. PwC was asked to validate and implement the model in the existing reporting environment. That environment needed to be continuously available to the large corporate clients. The reporting also needed to be updated automatically each quarter with data from both internal and external sources.
So what was the solution?
Once the PwC team had validated the design of the model and the associated data sources, a technical and functional design was developed. Automation plays an important role in this. In this way, reporting can easily be used for several customers and the lease company’s employees need to do very little in the way of manual operations. We then implemented the design and tested it, together with the lease company, within the existing reporting environment.
And what’s the result?
The lease company’s customers can now check the price relationship between their car fleet and the prices in the market at any time. They can see whether the average price of the fleet is at the same level as the market or even lower. This enables the lease company to show its customers that it is competitive. It can also comply with the wish expressed by corporate clients for greater transparency as regards costs.
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