Press
APAK launches ‘WFSv6’
APAK is delighted to announce that a new version of its market leading wholesale finance system has now been launched. ‘WFSv6’ has been developed on open architecture using the JAVA/J2EE platform and Oracle RDBMS.
“ ‘WFSv6’ firmly places APAK as the leading supplier of the best business focused and technically advanced wholesale finance system”, commented APAK Business Unit Director, Tony Allen, who added:
“The new, fully web enabled application, inherits all of the sophisticated functionality from the previous version but also offers a number of enhanced features: Multiple country capabilities with integral language translation have been augmented to support our customers’ growing multi-national interests. ‘Amortised’ dealer loan functionality is another significant aspect of the new system, providing finance institutions with a fully integrated loans module which supports traditional overdraft lending along with advance commissions and term loans”.
‘WFSv6’ will also open the door to new markets by supporting multi-item invoice financing and processing. Almost any type of equipment can now be funded, which allows APAK to cater for institutions that offer ‘Inventory Finance’ and ‘Factoring’, providing the financier with a complete range of funding solutions to help win vendor and dealer business.
APAK’s first ‘WFSv6’ customer will go live in quarter one this year when a further announcement will be made. As well as the new functionality, finance house staff and dealers will appreciate the improved ‘usability’ and real-time speed of the web based system. Advanced MIS capabilities also mean that users will have greater access to a wide range of industry reporting tools.
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 and retail finance systems are used by major financial institutions worldwide, processing over £7 billion worth of direct debits and credits through our SaaS 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
The Sword Group is an International IT Products and Services Company that was founded in December 2000 by its Chairman, Jacques Mottard. Jacques’ vision is for Sword to become the best performing global Product and Services Company by identifying, anticipating and satisfying customer requirements whilst delivering profitability year on year and returning exceptional value to all stakeholders. As at the end of December 2007 Sword employed over 1700 staff across 14 countries.