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Monday, July 21, 2008

Scania Finance implements Sword Apak Wholesale Finance System

Scania Finance Great Britain Limited (SFGB) has gone live with Sword Apak’s market leading Wholesale Finance System (WFSv5). The new software was implemented in just four months to support the administration and funding of SFGB’s dealers throughout the UK.

Alan Rhodes, Sales & Marketing Director at SFGB, is delighted with the new system: “We were exceptionally pleased with Sword Apak, who confirmed their reputation as experts in ‘stocking finance’ technology. Meeting SFGB’s deadline by launching WFSv5 in just four months also demonstrated a dedicated and committed approach to the implementation. Importantly for Scania Finance, we are now able to offer an online wholesale finance facility across our dealer network that streamlines and fully automates the stock funding process.  Our dealers have already expressed their appreciation of the new system for its ease of use and extensive functionality which allows them to monitor and maintain their accounts online”.

WFSv5 was selected by SFGB following a rigorous screening process of unit stocking system suppliers. Sword Apak was chosen because it offered the best business and technically focussed software compared to rival products. WFSv5 will be supplied on an Application Service Provision / full bureau basis, providing dealers with real-time credit line information and a ‘Bank Calendar’ which shows past and predicted future transactions.

Comprehensive vehicle information is easily accessed which allows the dealer to check all significant truck detail and history. With multiple country functionality, Sword Apak’s system will also provide Scania with the option of offering wholesale finance on a pan European basis.

“We are thrilled that SFGB, a leading supplier of trucks in the UK, is now running live with WFSv5”, commented Tony Allen, Sword Apak’s Asset Based Finance Manager. “It has been a pleasure working with Scania Finance throughout the project and we are now looking forward to building a long-term relationship that will support our client’s future growth aspirations in the UK and Europe”.

About Sword Apak

Sword Apak (part of the Sword Group) has over 30 years’ experience of providing specialist Wholesale Finance solutions. Supporting over 10,000 dealers in more than 20 countries, Sword Apak is recognised as a worldwide market leader in systems for the asset-based finance sector. Sword Apak’s global floorplanning software is used by major financial institutions, processing €24 billion worth of direct debits and credits each year through our hosted systems technology.

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