2024.03.14

BNP Paribas Leasing Solutions expedites Reference Medical Group’s digital transformation

About the partner

Reference Medical Group, a leader in dermatology and aesthetic medicine equipment distribution, boasts four specialised companies serving Spain, Andorra, and Portugal through offices in Madrid, San Sebastián, Valencia, and Lisbon. A dedicated team ensures their global network of dealers can consistently meet client needs for cutting-edge healthcare technologies.

Sector
Healthcare
Partner / Client
Reference Medical Group
Country
Spain

The challenge

Finance approval for client projects often hampered Reference Medical Group’s efficient operations. Traditional financing processes with prolonged credit reviews and manual paperwork hindered their ability to respond swiftly to client equipment requests. They needed a faster, more efficient solution to maintain their competitive edge.


The solution

BNP Paribas Leasing Solutions simplified the credit approval and contract management process for Reference Medical Group with its advanced digital credit and contract management platform. This smart system, featuring automated credit decisioning, quickly assesses clients’ creditworthiness based on criteria, such as three years of sector experience, a clean payment history and a financing limit matched to their medical specialty. The platform provides almost instant online approvals, enabling Reference Medical Group to accelerate the sales and order fulfilment process. This improvement means clients now have quicker access to state-of-the-art technology, enhancing patient care and financial efficiency.

“Automatic agreements in the medical market make it easier for us to close operations immediately.”

Santiago Mendizabal, CEO, Reference Medical Group

The benefits

  • Immediate credit decisions remove delays, enabling Reference Medical Group to close deals quickly and efficiently.
  • Faster turnaround times improve client experience and strengthen competitive advantage.
  • Secure online platform streamlines approvals, contract generation, and e-signatures, eliminating paper-based workflows.
  • Clear criteria and automated processes ensure trust and consistency throughout the leasing process.

Teaming up with BNP Paribas Leasing Solutions helped Reference Medical Group speed up their sales responsiveness leading to client satisfaction and increased competitiveness. This case study highlights BNP Paribas Leasing Solutions’ dedication to supporting manufacturers and equipment suppliers in providing best-in-class client experiences through sector expertise and digital tools, simplifying the leasing process.

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