Ofin helps fleet operators navigate their finances like a GPS helps you navigate through traffic
SAVINGS WALLET &
AUTOMATION
Fleet Operators can save for over 50 goals & items. Fleet operators can transfer, withdraw and top-up or automate how they fund their wallet and manage their cash reserves
EXAMPLES OF HOW SAVINGS
CAN BE AUTOMATED:
Trigger

Once a vehicle works 185 hours

Action

Automatically puts aside R555

Purpose

Toward Workman's Compensation to have enough funds to pay when its due in April

WORKING CAPITAL
MANAGEMENT
Fleet Owners set rules and policies on when and how much money is moved across their various accounts & fleet cards.
AUTOMATION EXAMPLES:
Trigger

If Fuel level is 25%

Action

Move R 3 500 to Fleet Card

Purpose

For Fuel

COST CONTROL, VISIBILITY
& AUTOMATION
Get real-time recommendations on how to control cost. This could be stopping a behaviour or starting a new one. In certain cases we are able to tell them how much costs they have just incurred as a results a
behavior
AUTOMATIONS EXAMPLES:
Trigger

If truck is idling for more than 15 minutes

Action

Send notification say “you have just lost R18.11 idling your truck”

Purpose

if this continues you could lose up to R13 220.3 p/a

PROCURE & PAY
AUTOMATION
Set rules on how you engage with your suppliers, sellers and service providers.
Create rules (or get recommendations) on when, what and from whom you purchase.
The platform supports once-off payments, recurring payments,
lay by payments and deferred payments arrangements
AUTOMATIONS EXAMPLES:
Trigger

On the first of each month

Action

Pay G-Fox R557 on lay-by

Purpose

For PPE

INVESTMENTS
& AUTOMATION
Fleet Owners can invest towards their goals. A goal-based portfolio is constructed for each goal based on the risk profile, time horizon and liquidity needs. Each Goal is matched with a suitable passively managed portfolio.
AUTOMATION EXAMPLES:
Trigger

After every 10 000 kms travelled

Action

Invest R 5700 in a Moderate-risk Portfolio

Purpose

To build up capital to replacement truck in 10 years

INSURANCE
& AUTOMATION
The platform can digitally distribute the right commercial and personal
insurance policies at the right time, enabling insurance partners to offer the
right coverage at the time when Fleet Owners need it most.
AUTOMATION EXAMPLES:
Trigger

When vehicle enters high-risk location

Action

Then get on-demand Accident and Injuring insurance for the day for R13

Purpose

For additional cover risk of injury

REWARDS
& AUTOMATION
Fleet Owners and Operators get rewarded based on their Ofin status. Based on factors
such as safe and economical driving, productivity, paying on time etc. Rewards come in the form of cash or vouchers.
AUTOMATIONS EXAMPLES:
Trigger

If its Friday and fuel efficiency is 10/10

Action

Driver Gets Reward with R50 meal voucher

Purpose

For driving well this week

CREDIT
& AUTOMATION




Fleet Owners can get paid faster with Reserve Factoring or early payments.
Users can buy now and pay later with curated suppliers listed on the platform.
Users can obtain vehicle financing to grow their business.
AUTOMATIONS EXAMPLES:
Trigger

After invoice is submitted and approved by enterprise client/ buyer

Action

Advance 97 % of the value through Reverse Factoring

Purpose

To avoid waiting 30-60 days before being paid

FLEET OPERATORS SEE ALL THEIR FINANCIAL BEHAVIOUR IN ONE PLACE
Fleet Operators review and “accept” an automation/ recommendation at a click of a button. An OTP or electronic signature is requested to confirm their decision. They are able to see of their financial operators in one place.
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