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Asset Finance Connect Professional Services Firm Award Winner
AFC Award - July2023
We were very pleased and proud to have been named as the AFC Professional Services Firm of the year 2023 at the Asset Finance Connect Summer Awards Dinner which was held on 12 July at the Hurlingham Club in Putney, London.
We entered the awards off the back of the work carried out to mobilise the Haydock Stock Finance audit service. In order to launch their unit stocking offering Haydock Finance assembled a team of industry experts with many years of experience in this sector. This team recognised that to successfully launch this product they needed to engage a market leading audit partner who could support them with not only carrying out audits at car dealerships, but also presenting the audit result within a system (SMART) that would enable them to analyse the results and provide a workflow system in support of their risk management profiling of their customer car dealerships.
Using the extensive experience of both teams, VAS were able to put together a bespoke audit solution to meet the exact requirements of Haydock Finance. The mobilisation process involved putting together a team of experts in the fields of risk, compliance, IT, sales and operations to work together in an agile way to deliver a robust audit process. Simon Bryant, who heads the Haydock Stock Finance team, supported our nomination for this award.
“Haydock recognised the need for an efficient, experienced audit partner as key in the start-up phase of our business. As that partner would also represent Haydock at our dealers, the need for high standards of professionalism was also very important.
VAS were able to satisfy these requirements on every level, which is why we didn’t hesitate to choose them. In addition, the hassle-free SMART system has been great in efficiently managing an ever-increasing audit schedule. The ability to build the system to our specification, with our scoring matrix, means we obtain the right results, based on our view of our segment of the market. Dealer Self Audit is just being introduced and will play an important role in managing risk in the future.
Overall, I would say that VAS have delivered not just a system or a body of people able to check our assets on funding, they have delivered a full all-round service to a very high standard.”
Head of Stock Finance
We were delighted that the AFC judges selected VAS, in so doing recognizing our amazing team of auditors and operational support staff who deliver a first-class service to our clients in both the motor and asset finance lending space.
It is fantastic to be recognised in this way by the industry we support. Not only should this be seen as an award for the work we have done for Haydock but for all +50 customers that we are privileged to support with their audit requirements.