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Thursday, September 1, 2011

Sword Apak’s WFS is Selected by Volvo Financial Services in North America

Volvo Financial Services has selected Sword Apak to implement its Wholesale Floorplanning System (WFS). The new solution will support the Volvo Financial Services commercial finance portfolio, including MACK®trucks, Volvo trucks and Volvo construction equipment.WFS will replace the incumbent in-house applications currently used by Volvo Financial Services in North America.

Sales Director for Sword Apak, James Powell commented, “We are delighted that Volvo Financial Services has selected Sword Apak to address its floorplanning requirement. We believe WFS offers a premium global floorplanning solution and fills the void that currently exists in the North American wholesale market, as more floorplanning providers look to replace out-dated solutions with new technology.”

As well as representing a future proof technology platform, WFS will provide remote browser access for dealer self service. Mack truck, Volvo truck and Volvo construction equipment dealers will be able to payoff loans, retrieve statements, and view their inventory and available credit online. Enhanced user-defined workflow functionality will also provide for the streamlining of multiple business processes at Volvo Financial Services including credit operations, new business processing, collections, document, title and payment management which will help to automate key procedures for maximum efficiency.

About Volvo Financial Services

Volvo Financial Services is the finance arm of the Volvo Group, one of the world’s leading providers of commercial transport solutions. Volvo Financial Services provides financial services for the truck, construction equipment, bus, aerospace and marine industries.

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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