Value Proposition

The Leasing Quotation API provides the services needed to handle a quotation for a set of assets to be financed. After the customer accepts the offered conditions, the quotation is submitted to become a proposal.

Key Features

The main service is the creation of a leasing quotation: given a list of assets to finance and the desired conditions, it returns an instalment amount. Other services enable access to an existing quotation as well as its canceling or update.

Conditions

The available conditions for a quotation include:

• Monthly, quarterly and annual periodicity for the installments
• Payment at the beginning or end of each term
• Financing of services and insurances

In the future, additional parameters will be added, such as:

• Deferment of the first payment
• Down payment
• Balloon payment
• Subsidies
• ...

Quotation status

The various status of a quotation are as follow:

• DRAFT: initiated, pending additional information to make a calculation.
• PENDING: created, completed and calculated (the proposed payment schedule is available).
• SHARED: shared with the customer (through BPLS systems).
• SUBMITTED: accepted by the customer and submitted for BPLS approval, it cannot be changed anymore.

Events

In the future, the following events will generate a notification (see Notification Subscription for details).

• Expired (the quotation is no longer valid, after a set period, usually 60 days).

Important note

In future versions, additional services will be implemented to allow updates and deletion of a quotation.

Prerequisites

Before using the provided services, one or more "programs" must be defined by BPLS to handle the contractual characteristics of any partnership. The "program" will specify the range of conditions applicable to the quotation requests (e.g. one program may accept monthly installments whereas another one would also accept quarterly instalments). Please contact your BPLS representative to get the name of the program(s) that you should use when requesting a quotation.

In addition, a configuration step is required to synchronize the product references and the points of sales identifiers between the partner's and BPLS' systems during setup.

Use Cases

Create a leasing quotation when the customer has decided on the conditions (e.g., duration...) for the assets they wish to finance.