Case Study: Beequip achieves 25% straight-through application acceptance with FRISS Underwriting Analytics

25% of Applications are Accepted in a Straight Through Process

Beequip MKB Equipment Lease finances heavy and new/used heavy equipment for Dutch SMEs in construction, infrastructure, agriculture, and logistics. As application volume surged, the company faced a manual risk-assessment process that took about 35 minutes per lease application, creating delays and a scaling bottleneck. Beequip worked with FRISS, using FRISS Underwriting Analytics for commercial customers, to speed up and structure its acceptance process.

FRISS implemented an automated underwriting and compliance workflow that incorporated Beequip’s own risk model, KYC checks, UBO verification, and sanctions/PEP screening, with seamless integration into Beequip’s back office and support from Web-IQ for online investigation. The result was a more efficient and compliant process, with 25% of applications accepted straight through without employee intervention within six months, reducing investigation time and giving staff faster, actionable insights.

Beequip

Jelle Hordijk

Customer Officer