KeyFleet hired to handle BNI subscriptions

Ribchester-based KeyFleet has been enlisted to handle payment processing for the UK and Ireland membership of international networking group BNI.

The commercial funding arm of motor fleet and finance business KeyFleet was launched in August 2018 and offers commercial finance solutions to companies across the UK.

Its role at BNI will be to provide a new payment system which will allow BNI members to spread annual subscriptions into monthly payments. The move is designed to help small and start-up businesses to join the organisation.

BNI is the world’s largest referral marketing organisation, established more than 30 years and boasting 250,000 members in over 70 countries worldwide. 

BNI Lancashire was recently named best overall region in the UK at the organisation’s UK conference. Across its twelve chapters in the county, BNI facilitated more than £10.5m of business transactions over the last twelve months.

KeyFleet Asset Finance was itself launched following a meeting at a BNI networking group, when commercial finance specialist Liam Mulligan joined forces with KeyFleet founder and managing director Marc Mcloughlin. 

Keyfleet has seven members of staff with active roles in six BNI chapters in Blackburn, Lancaster, Burnley, Clitheroe, Accrington and Samlesbury, and the company's vehicle division has supplied £1m worth of vehicles since first joining the referral marketing organisation. 

The end result is a system which provides cash flow benefits for all businesses, and is particularly attractive to newly launched businesses.

Liam, now KeyFleet’s business finance specialist, said: “By way of a BNI referral, I was introduced to BNI’s national director, Tim Cook, who is based at head office in London. We listened to their requirements and aims and spent lots of time talking to providers and the BNI head office and then set about designing a system and a finance instrument which precisely suited their needs.

“The end result is a system which allows new and existing members to spread their membership payments over 12 months, which provides cash flow benefits for all businesses, but which is particularly attractive to newly launched businesses aiming to use BNI to help themselves get off the ground and up in the air, but for whom funding can be a particular issue."

Liam added: “It just shows the power of organised referral marketing that a newly launched business in Ribchester can get the opportunity to win a national contract, with scope to grow internationally, with a multi-national organisation.”

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