Press
Abbey Business’s Vendor Finance division implements APAK’s Electronic Proposal System (EPS)
Abbey Business’s Vendor Finance division has implemented new 'e-Proposal' software, supplied by financial system specialists, APAK Group plc. APAK’s Electronic Proposal System (EPS) provides 'Vendor Finance' with a Broker / Dealer focused solution, enabling its intermediary partners to conduct business transactions online and in real-time.
EPS interfaces to the existing Vendor Finance lease management system, also supplied by APAK. The new browser based software eliminates the need for Abbey staff to re-input proposal information into the back office system and enables credit underwriting decisions to be automatically passed back to business partners via the web interface.
APAK’s EPS solution supports online PDF document production, priority underwriting and management information for proposals that are processed. EPS also extracts real-time information from the back office administration system to give an online view of the 'Introducer’s' live lease book.
Chris Stamper, Managing Director of Abbey Business is delighted with the new solution which took just 4 months to develop and install. “APAK has demonstrated an in-depth knowledge of web based finance systems by developing a specialist e-Proposal solution for Vendor Finance. APAK’s EPS product will help us to dramatically improve business process efficiency and facilitate customer service throughout the partner value chain and ultimately to the end customer”.
“By working closely with APAK, we hope to continue and build upon a long standing relationship that will match our business growth aspirations for the future,” added Stamper.
APAK Group
Founded in 1979, APAK Group plc is
established as a leading provider of core financial systems to major financial
institutions world-wide. The key to APAK’s success has been its commitment
to providing the best technological and business solutions.
Further information:
Mark Johnson, APAK Group, APAK House, Badminton Court, Station Road, Yate,
Bristol BS37 5HZ UK
Telephone: +44(0)1454 871000
Email: mark.johnson@apakgroup.com
Website: www.apakgroup.com