Banque PSA Finance implements Miles from Sofico in four countries

Banque PSA Finance, the finance arm of PSA Peugeot Citroën, is implementing the Miles software solution from Sofico in four countries.

Banque PSA Finance implements Miles from Sofico in four countries

The Miles application has initially been integrated into Banque PSA Finance’s IT landscape in France, with a roll-out into the Benelux – Belgium, Luxembourg and Netherlands – expected to start shortly.

According to the company, it decided to migrate to the new generation Miles solution because of the changing financial and service requirements of its fleet and dealer customers. It also needed to meet new reporting requirements, including financial accounting, following its joint venture with Spanish financial institution, Santander.

Gémar Hompes, managing director at Sofico, said: “Naturally, we are delighted to welcome Banque PSA Finance to those of our European fleet customers who have successfully migrated to Miles.

“The implementation presented a number of challenges and represented a great team effort from our new French division, which we formed specifically for this purpose following the acquisition of Car Systems last year. We now fully expect to carry out more implementations with customers in the region as a result.”