Sword Apak Goes Live with De Lage Landen in Spain
De Lage Landen has gone live with Sword Apak’s wholesale finance system, WFS, in Spain. The latest country implementation follows De Lage Landen’s decision to select Sword Apak to support its commercial finance technology operations throughout Europe.
With offices and joint ventures in more than 35 countries worldwide, De Lage Landen is a global provider of high quality, asset-based financing solutions. Sword Apak’s market leading software, WFS, is used to fully automate De Lage Landen’s stock funding operations across specialised industries, which include food and agriculture, office technology, construction and industrial, as well as healthcare and transportation.
Peter Johnstone, VP and General Manager of Commercial Finance for Europe at De Lage Landen, sees the implementation in Spain as further evidence of De Lage Landen achieving its European aspirations for growth in the asset finance market-place and its ability to support both global and local vendor financing requirements for the dealer channel. “De Lage Landen takes pride in providing a tailored floorplanning and inventory finance service which supports our customers’ specific country requirements” commented Johnstone. “Sword Apak has helped us to achieve this objective by rolling out its multi-national floorplanning system to selected countries, augmenting De Lage Landen’s European market presence in ‘Commercial Finance’.”
Tony Allen, Business Unit Director at Sword Apak, added: “Sword Apak has a long standing relationship with De Lage Landen and we are delighted to continue our support of the company’s European funding operations and long-term business goals”. “It is a pleasure to work with De Lage Landen’s ‘Commercial Finance’ team and we look forward to the next implementation of WFS in France. The system is already running live in the UK, Germany and of course most recently Spain.”
Notes to Editors:
About Sword Apak
With over 30 years’ experience of providing specialist financial systems, Sword Apak has become a market leader in the asset based finance and retail banking sectors. Our superior wholesale finance systems are used by major financial institutions, processing over €15 billion worth of direct debits and credits through our ASP based systems each year. Sword Apak is also renowned for its expertise in developing and integrating core banking technology.
Sword Apak is a member of the SWORD Group which has offices in 21 countries.
Mark Johnson - Tel: + 44 (0) 1454 871000,
Email: mark.johnson@sword-apak.com
Please visit www.sword-apak.com for more information.
About Sword Group
Sword Group delivers high value business applications globally to the world’s
largest companies. With operations in 37 countries, Sword today employs over 2000 people and in fiscal year ending December 2007 generated €179m in consolidated revenue.
A global leader in the delivery of Governance, Risk and Compliance Management solutions, Sword’s skills, infrastructure and experience help our customers across regulated industries improve performance, increase efficiencies and maximise return on investment.
Our flexible delivery options, including On Demand, Software as a Service (SaaS) and ASP, combined with our extensive industry expertise enables Sword to support our customers across insurance & healthcare, energy, banking & finance, telecoms, utilities, engineering & construction and government.
For more information visit our website: www.sword-apak.com
Press Contact
Mark Johnson
Sword Apak
e mark.johnson@sword-apak.com
t + 44 (0) 1454 871000
About De Lage Landen
De Lage Landen is a global provider of high-quality asset-based financing products. Headquartered in Eindhoven (the Netherlands), De Lage Landen is 100% owned by Rabobank. This Dutch bank is Triple-A rated by the major rating agencies Moody’s and Standard & Poor’s. With offices and joint ventures in more than 35 countries worldwide, De Lage Landen specializes in asset financing and vendor finance programs on a worldwide scale. The global offering also includes an array of commercial finance solutions. The company focuses on the following industries: Food & Agriculture, Healthcare, Office Equipment, Technology Finance, Financial Institutions, Transportation and Construction & Industrial. De Lage Landen also offers private-label leasing programs for the Banking industry, and delivers a broad range of financial services to leasing organizations and non-banking financial institutions.
In the Netherlands, De Lage Landen offers a broad range of financing products, both through local Rabobanks and directly to the market. These products include Equipment Leasing, Car and Commercial Vehicle Leasing, ICT Leasing, Consumer Finance and Factoring.
Athlon Car Lease International became part of De Lage Landen Group in 2006. Athlon Car Lease International is an international provider of operational car leasing, active in eight European countries.
In 2008 De Lage Landen achieved a net profit of €235 million and a lease portfolio of €23.3 billion. By year end 2008, De Lage Landen had 4,965 employees.
For more information, please visit our website: www.delagelanden.com
Press Contact
Mark Johnson
Sword Apak
e mark.johnson@sword-apak.com
t + 44 (0) 1454 871000
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