JobRad Leasing GmbH, a leader in the rapidly growing company bike leasing industry, has partnered with management and technology consultancy BearingPoint to streamline its data management and reporting processes. This collaboration aims to optimise JobRad’s first securitisation transaction by leveraging BearingPoint’s “Securitization as a Service” (SaaS) solution, enhancing the company’s ability to manage its asset-based financing effectively.
JobRad, based in Freiburg, Germany, pioneered the concept of company bike leasing, providing employees with the opportunity to lease bicycles with significant tax benefits. Since its inception, the company has successfully put over 1.5 million people on bikes, and its parent company, JobRad Leasing GmbH, has been central to managing the financial services behind these transactions. To fuel its expansion and maintain liquidity, JobRad has increasingly relied on asset-based refinancing, which often involves securitising financial assets like loans or leases into tradable securities.
Securitisation is a complex process that involves pooling financial assets, such as lease agreements, and converting them into asset-backed commercial paper (ABCP), a financial instrument sold to investors. However, to meet the stringent transparency and reporting requirements of the capital markets, a company must manage vast amounts of data from various sources. This is where BearingPoint’s SaaS solution comes into play. The consultancy helped JobRad Leasing streamline the process by automating data management, thus reducing manual intervention and the potential for errors.
Through a collaborative effort, the teams at BearingPoint and JobRad Leasing identified the necessary data requirements for market transparency, defining the business logic and technical specifications needed for the securitisation platform. This included integrating the platform with JobRad’s existing systems, ensuring that data flows seamlessly across the company’s operations. BearingPoint’s expertise was key in developing tailored reporting templates for JobRad’s funding operations, ensuring full compliance with reporting and disclosure requirements.
In addition to simplifying the securitisation process, the SaaS solution has significantly enhanced JobRad’s data management capabilities. The automation introduced has led to notable improvements in efficiency, allowing JobRad to handle complex transactions with greater speed and accuracy. The company now benefits from real-time reporting and reduced delivery times, enabling it to meet the capital markets’ rigorous standards.
Donald Wachs, Global Leader of BearingPoint Products, highlighted the importance of data quality and transparency in JobRad’s efforts to finance its sustainable, eco-mobility solutions. He praised the Securitization as a Service platform for helping JobRad meet capital market requirements while improving liquidity and risk management.
Benjamin Kräutter, Team Leader of Treasury at JobRad, also shared his satisfaction with the collaboration, stating, “Working with BearingPoint has significantly simplified and streamlined our processes. Their solution allowed us to enhance our data management, which is crucial for broadening our refinancing options. This is an important step towards achieving our goal of getting even more people on JobRad bikes.”
As JobRad continues to innovate in the bicycle leasing industry, the partnership with BearingPoint marks a key moment in the company’s development. The integration of cutting-edge technology is helping JobRad manage its finances more efficiently while adhering to capital market standards. The success of this project demonstrates the value of data-driven solutions in ensuring long-term financial sustainability in the fast-evolving mobility sector.
