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Aston Martin goes live with APAK’s Wholesale Finance System (WFS)
Aston Martin has gone live with APAK’s market leading wholesale finance system, WFS. The new software replaces the existing manual processing system, providing a fully automated and streamlined stock funding application.
As a result of volume growth and expansion into new markets, Aston Martin’s Sales Operations Department evaluated existing business processes in order to decide which could be automated to deliver improvements. WFS was identified as offering a professional solution to enable efficiency improvements in the back office as well as offering Aston Martin’s Dealer Network much improved visibility of vehicle transactions.
“We are delighted to add such a prestigious customer as Aston Martin to our client portfolio”, commented APAK Business Unit Director, Tony Allen, who added: “Aston Martin required a proven wholesale finance solution that could significantly reduce the overhead of running its wholesale finance operation. Implementing WFS has helped the company to achieve this goal by providing its dealers with up to date views of inventory, available credit, vehicle detail and history, allowing them to manage their own accounts”.
Efficiency savings from the WFS implementation will allow Aston Martin to extend its existing wholesale finance programme to North American dealers, where access to the web based facility will be available later in 2007. This forms part of a staged roll out plan that will see APAK’s software implemented as a global solution by the end of 2007. Sophisticated multi-currency functionality within WFS allows Aston Martin to support local dealer currencies in multiple countries.
Notes to Editors:
About APAK
With over 25 years’ experience of providing specialist financial systems, APAK has become a market leader in the asset based finance and retail banking sectors. Our superior wholesale finance systems are used by major financial institutions, processing over £10 billion worth of direct debits and credits through our ASP based systems each year. APAK is also renowned for its expertise in developing and integrating core banking technology.
For further information please contact:
Mark Johnson
Tel: + 44 (0) 1454 871000
Email: mark.johnson@apakgroup.com
www.apakgroup.com
About SWORD Group
APAK is a member of the international SWORD Group which employs over 1700 staff across 14 countries. Founded in December 2000, SWORD’s vision is to become the best performing global IT Product and Services Company by identifying, anticipating and satisfying customer requirements.