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Wednesday, October 31, 2012

Sword Apak goes live with WFS in Italy and South Africa

Sword Apak is pleased to announce that Daimler Financial Services (DFS) has gone live with its Wholesale Finance System (WFS) in Italy and South Africa. The latest implementations are part of a planned series of system rollouts with WFS, which is already running in Germany, Spain and France.

DFS is using the latest version of Sword Apak’s Wholesale Finance solution, WFS 6. The system has been developed specifically for wholesale finance by combining all financial products and functionality into one single software application, providing a common view of the customer and credit exposure across all dealer funding lines. “By working in close partnership with Daimler Financial Services, we have developed a global template which offers a functionally rich, flexible and reliable wholesale finance application for DFS’s markets,” commented Tony Allen, CEO for Sword Apak.

Daimler Financial Services is a leading provider in the financial services industry, offering tailor-made leasing and financing solutions to promote vehicle sales of the Daimler Group’s international brands. With a comprehensive product portfolio including financing, leasing, insurance concepts and fleet management services, Daimler Financial Services is responsible for a contract volume of $77 billion.

About Sword Apak

Sword Apak (part of the Sword Group) has over 30 years’ experience of providing specialist Wholesale Finance solutions. Supporting over 6000 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 €16 billion worth of direct debits and credits each year through our hosted systems technology.

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