Improved efficiency and regulatory compliance
IMPULS-LEASING Slovakia now uses K2 to support its entire contract lifecycle, from when contracts are first drawn up for new customers, right through to when expired contracts are archived. Over 70 employees across almost all business departments use K2-based processes every time they want to amend, approve or check a detail in a contract.
With K2, employees work more efficiently, as they can see what tasks they need to complete and can find information quickly using K2 forms. Managers can see the status of all contract approvals at a glance and accelerate the approval process in order to deliver an efficient and professional service for customers.
In addition, K2 helps IMPULS-LEASING Slovakia to comply with national and international financial industry and business regulations. For example, employees can use K2 to carry out customized searches across all of the 1.5 million contracts and related documents that exist within the business, which helps IMPULS-LEASING Slovakia to comply with General Data Protection Regulations (GDPR). When the company is audited, it can use K2 to demonstrate its regulatory compliance by providing evidence of which financial checks were undertaken, who amended the contract and who approved the amendment.
IMPULS-LEASING Slovakia believes that its use of K2 gives it an advantage over its competitors. It now has a versatile process automation platform, integrated with other core business systems, which it can use to streamline many more business processes in the future. For instance, it plans to develop a K2 portal to allow partners and customers to view contracts online. This new development, and others like it, will enable IMPULS-LEASING Slovakia to make additional time savings, improve its customer service and extend the value it gains from its investment in K2.