Credit and Insurance products
get supercharged.

After clients purchase a vehicle, they continue to incur unavoidable expenses associated with its use. Establishing a funnel to benefit from all vehicle-related costs can provide significant long-term value. This approach should not be limited to the warranty period but extend throughout the entire vehicle lifetime. Here's a step-by-step strategy to achieve this:

Step-by-Step Strategy to Benefit from Vehicle-Related Costs

1. Identify All Potential Vehicle-Related Expenses

  • Maintenance and Repairs: Regular servicing, unexpected repairs, parts replacement.
  • Fuel Costs: Regular refueling, potential savings through loyalty programs.
  • Insurance: Annual premiums, renewals, and claims.
  • Accessories and Upgrades: Customizations, add-ons, and technological upgrades.
  • Tires and Batteries: Periodic replacement of tires and batteries.
  • Registration and Licensing: Annual or biennial vehicle registration fees.
  • Roadside Assistance: Memberships for roadside help and towing services.
  • Parking and Tolls: Daily, monthly parking fees, tolls for road usage.

2. Create a Comprehensive Funnel

  • Awareness: Use targeted advertising and marketing campaigns to inform vehicle owners about services and products related to their vehicle needs.
  • Interest: Engage customers through informative content, such as blogs, newsletters, and social media posts about maintaining their vehicle, saving on fuel, and choosing the right insurance.
  • Consideration: Offer comparative tools for customers to evaluate different service plans, fuel cards, insurance packages, and accessory options.
  • Purchase: Provide easy access to purchase services and products directly through your platform. Ensure seamless payment and integration options.
  • Loyalty Programs: Introduce loyalty programs that reward customers for using your services and products repeatedly.
  • Customer Support: Offer 24/7 customer support to assist with any vehicle-related issues.

3. Utilize Automation with Latenode

  • Service Reminders: Automate reminders for regular maintenance and service checks to ensure customers stay on top of vehicle upkeep.
  • Fuel Management: Integrate fuel card programs and automate expense tracking for fuel costs.
  • Insurance Renewal Alerts: Set up automated notifications for insurance renewal dates and offer comparative quotes.
  • Accessories Promotions: Send targeted promotions for accessories and upgrades based on vehicle model and customer preferences.
  • Tire and Battery Alerts: Automate notifications for tire and battery replacement based on usage data.
  • Registration Reminders: Automate reminders for vehicle registration renewals.
  • Roadside Assistance Integration: Automatically offer roadside assistance membership renewals and prompt customers to renew before their membership expires.
  • Parking and Toll Management: Provide automated payment solutions for parking fees and tolls, integrated with expense tracking.

By leveraging Latenode's automation capabilities, you can streamline these processes, making it easier for customers to manage their vehicle-related expenses while ensuring they benefit from the services you offer. This holistic approach not only improves customer satisfaction but also maximizes the long-term revenue potential from vehicle ownership.

Perhaps, this is all you need
to make your portfolio performance even better.
Whatever vehicle related financial products you sell,
there could be even more sales and even better portfolio quality and profitability
with connected vehicle technology embedded from behind.
Thea gives financial institutions all necessary tools
to fully control user experience and portfolio performance.
1
Telematics data
Vehicle use data, critical to for the financial service industry. Monitor vehicle condition, get notified on car accidents, poor driver performance, asset idling, and other parameters to the benefit of your clients and your organization.
2
Clients' communication
Mobile app push notifications, notifications through the web portals, SMS, messengers, emails - all could automated and aligned to your internal business processes. The vehicle itself can even make a phone call to your client, if you like.

3
Asset control
Asset control sometime becomes critical while dealing with bad debtors or recovering the losses. Safe, secure and legally compliant procedures will let you lock the doors or engine ignition to prevent the debt problems from escalating.
4
Integration
Make it a solid system. Let connected vehicles feed relevant data to your proprietary ERP or CRM, integrate into your business processes and workflows. Or just use Thea or third party mobile apps and web portals to jumpstart.
Fits all your financial products
Whatever your business model is,
you will see the value in Thea connected vehicles products.
Operational leasing
It is always different when you are responsible for the vehicles in your balance sheet. Keep close control over the vehicles, the way they are used, and be the first to react if things occasionally go wrong with the client.
Vehicle insurance
and other insurance products
Thea products are hardware agnostic, which means insurance company may use other hardware - GPS, OBD trackers or even smartphones to deliver insurance services to their clients.
Financial leasing
and other credit products
Whole range of data and asset monitoring and control tools available to credit organisations. Integration into your business processes, risk management, ERP and loan agreements will give you everything to balance portfolio.
Non-vehicle related
financial products sales

Link your debit or credit cards to the vehicles to catch parking payments, insurance purchases, assistance services, car wash payments and other vehicle expenses. Vehicle use data might be outstanding contributor to general client credit scoring for, say, smaller consumer loans or mortgages.
Outstanding capacities for financial institutions.
All tools necessary to help you to manage
your credit or insurance portfolio and make more sales.
Asset
Monitoring
Bad
Debtors
Insurance
Adjustments
Credit
Scoring

Be the first to know what happens
with your credit risk security
Asset monitoring is always pain. Make Thea products control the contractual obligations of your clients, related to the vehicle use: mileage, location and geofence, vehicle technical condition, possible car accidents, and other parameters you see as important.
When things go wrong,
take full control over
Sometimes banks need to act to protect their rights. Thea products designed to remotely and safely manage the vehicle, which lets credit organisation to lock the doors or engine ignition in case clients fails to meet monthly payments or other loan agreement obligations.
No more blind pricing.
Make it targeted to each client.
Detailed aggregated statistics lets insurance companies adjust basic tariff for each client against the selected group of peers. This also lets create various client adjusted Pay-As-You-Drive and Pay-How-You-Drive products.
Vehicle use data tells far more
than just vehicle use
Vehicle use data - such as frequency of fueling, technical maintenance discipline, class of petrol stations used, type of insurance bought and many more - could tell a lot about credibility and risks of the clients while selling them other (even not related to the vehicle) financial products.


It goes far beyond conventional credit and insurance business
Not only financial institutions can sell better credit and insurance products, Thea technology lets them implement whole new line of products - starting from in-vehicle payments to vehicle use data employed in consumer loans scoring.
It goes far beyond conventional credit and insurance business
Not only financial institutions can sell better credit and insurance products, Thea technology lets them implement whole new line of products - starting from in-vehicle payments to vehicle use data employed in consumer loans scoring.
Better financial products
with advanced technology behind

Better
pricing
Fine tune insurance or credit pricing based on fact based statistics, not math based guess.
Less
risks
Optimise portfolio risk with asset control and proactive interaction with the clients - gradually removing loss making clients from the portfolio.
Innovative
products
Real time data lets you be creative and innovative in building insurance and credit products. Stay above the competition.
New sales
opportunities
Sell more financial products. Sell more new financial products. Make more money on partnership sales.
It works with them all.
Don't limit where there is no limit.
Sell financial products to consumers and businesses,
using any kind of vehicle.


Any kind of vehicle
Two wheelers, passenger cars, commercial vehicles, heavy duty trucks, buses, special vehicles, equipped with internal combustion, electric or hybrid powertrains.

Any kind of hardware
Thea products work beautifully as end-to-end solution. But Thea technology smoothly works with third party hardware too: GPS or OBD trackers, SIM / GPS enabled rearview mirrors or smartphones.

New and used
All, new or aftermarket, vehicles are supported. Even old used basic truck could be connected and bring value to you, so you bring back value to the truck owner.