Bluestone, an independent finance intermediary based in the UK, has partnered with Siemens Financial Services to introduce an innovative online finance platform designed to expedite the lending process for businesses.
In a strategic collaboration, Bluestone has seamlessly integrated Siemens Financial Services’s application processing interface (API) into its operations. The API is designed to facilitate rapid automated decision-making on finance applications, thereby reducing manual processing time.
By implementing this technology, Bluestone anticipates a significant enhancement in its operational efficiency. The automation of the decision-making process is expected to enable the company’s staff to reallocate their focus towards complex deals, potentially leading to increased productivity and a heightened emphasis on customer service.
Established in 1996, Bluestone has been dedicated to providing asset finance solutions to a wide range of UK businesses. With a network of over 1,200 vendors across various sectors, the company offers access to a diverse portfolio of specialist banks and funders.
Bluestone’s finance director, Mark Hargreaves, affirmed the longstanding partnership with Siemens Financial Services, highlighting the transformative impact it has had on their business. He also emphasized the seamless integration and automated data flows made possible by this collaboration.
The partnership with Siemens Financial Services has already yielded impressive results for Bluestone, with application acceptance rates surpassing initial expectations by almost tenfold. Hargreaves expressed that this development has truly revolutionized their business, enabling them to now capture a larger share of transactions within the £5,000-£50,000 range.
Earlier this year, Bluestone took a significant step towards making commercial finance more easily accessible to UK businesses with the launch of the Bluestone Portal. This bold move underscores the company’s commitment to driving positive change in the finance sector.
In conclusion, the integration of Siemens Financial Services’s cutting-edge technology represents a pivotal moment for Bluestone, propelling them towards a future of streamlined, efficient lending processes that benefit both the company and its clientele.