Kinto Europe chooses Sofico’s Miles platform to manage transactions

Sofico’s Miles Enterprise software platform is being implemented by Kinto Europe, the recently launched joint venture between Toyota Motor Europe and Toyota Financial Services, to manage all its vehicle usage transactions across Europe.

In recent months, Miles Enterprise has gone live in Kinto’s fleet services businesses in France initially, followed by Italy, Spain and Germany.

In addition, there is an ongoing phased implementation process in Belgium involving the retail, wholesale and fleet sides of the business in that country.

Phillip Boxsell, director for new business development at Kinto, said “Through the development of four greenfield sites and two existing businesses we have been able to develop a pan-European entity, which has been an outstanding success and has grown to around 100,000 vehicles, in a very short space of time.

“We have plans to grow our full-service leasing and mobility services across Europe, and the Miles Enterprise platform is a great foundation to support our plans.  

“We could not have done that without the input and expertise of Sofico and our close collaboration in implementing the Miles Enterprise platform so efficiently and effectively in our key markets.”

Following an evaluations and selection process, Kinto chose Miles Enterprise to manage all its vehicle full-service leasing activities based on previous experience of working with the platform in Australia, where it is employed by Toyota Fleet Management to manage a fleet of around 130,000 cars.

Gémar Hompes, Sofico managing director, said: “We are delighted that Kinto Europe has been able to establish its hugely successful business across Europe in such a timely manner.

“It has been testimony to the ability of our two teams to work so closely and effectively together to bring about this superb success story.”