Santander Goes Live with Sword Apak’s Wholesale Finance System At Volvo Cars UK
23 Setembro 2010 - 11:00AM
Business Wire
Dealers at Volvo Cars UK will use Sword Apak’s wholesale finance
system (WFS), following the agreed partnership between Volvo and
its new finance partner, Santander Consumer UK. Sword Apak already
supports a number of Santander’s automotive UK partners who use the
supplier’s software to manage their stock funding operations.
The new system was successfully implemented within 2 months and
will be used by Volvo dealers to manage their wholesale accounts
online through real time views of stock inventory and available
credit, as well as past and future financial information.
“Santander prides itself in the significant benefits we can
offer dealer networks and their customers”, commented Graham
Prestedge, Commercial Director of Santander Consumer UK. “By
supporting the wholesale finance facilities that we provide, Sword
Apak has made a significant contribution to Santander’s success in
the UK automotive finance market-place”.
Sword Apak’s Project Manager, Ian Tudor, further commented: “It
has been a pleasure to work with Volvo and Santander on this
project, whose respective professionalism and hard work ensured
that the system implementation went smoothly from start to
finish”.
Notes to Editor
About Sword Apak
Sword Apak (part of the Sword Group (NYSE Euronext: FR0004180578
SWP) has over 30 years’ experience of providing specialist
financial systems for the asset based finance sector. Supporting
over 6000 dealers in more than 20 countries, Sword Apak’s global
floorplanning software is used by major financial institutions,
processing $20 billion worth of direct debits and credits each year
through its hosted systems technology.
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