Technology company Codeweavers has launched MultiCalc, a new finance calculator.

Describing the product Shaun Harris, sales director at Codeweavers, said: "In essence, we have reverse-engineered the showroom finance calculator enabling it to be more customer facing. Historically, at the accept stage dealers make the choice of which finance company a customer could use from its panel of lenders.

"Now, the dealer can simply show the customer the panel information and let them make the choice. No more will the document or electronic signature need to be the first time the customer discovers the name of their lender. It is another step in de-mystifying the process."

According to the company, the development of MultiCalc came about following a dealer enquiry about the possibility of providing the customer with access to their lender panel.

"I think this is win for all parties; it’s great to see dealers thinking in such a customer centric manner; at Codeweavers we have once again been able to embrace a dealer idea and deliver a solution rapidly and now dealers can provide even more evidence that they embracing a TCF approach," Harris added.