Case Study: Beequip achieves 25% straight-through processing in lease applications with FRISS

Beequip - Customer Case Study

Beequip, a company that finances heavy equipment for sectors like construction and logistics, faced a challenge with lengthy risk assessments during underwriting. Their process took an average of 35 minutes per lease application, creating a significant bottleneck for growth. To address this, they implemented a solution from vendor FRISS.

By implementing FRISS, Beequip automated a significant portion of its underwriting process. The vendor's solution, which includes Web-IQ for online investigation, resulted in 25% of applications being accepted automatically without employee intervention. This created a more efficient and structured KYC process while automatically guaranteeing compliance.

Beequip