Prestige broker deal win for
icenet

 

Icenet
has won a deal with Oracle Finance (Oracle) to implement its
automotive software system. Oracle is a Harrogate-based broker
which specialises in the provision of funding for prestige cars, in
addition to marine and aircraft finance.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Access deeper industry intelligence

Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.

Find out more

Peter Brook, director at Oracle explained that the company’s
previous system could no longer cope with the volume of
transactions and staff were constantly tied up with keying in
applications to funders’ systems.

“As the business expands further,” he said, “this would have
left us open to inefficiencies, missed opportunities and slow
service levels, which is unacceptable in this marketplace. Now we
have a vastly improved customer service level and, ultimately, an
increased bottom line.”

New agreements

Icenet has also announced that the latest release of its
software will be able to interface with the finance houses Blue
Motor Finance, Park
Motor Finance and The
Funding Corporation.

Icenet director Richard Carter said: “We are now at the point of
a virtuous circle with an increasing number of funders wanting
links to icenet based on the connectivity with our user community.
Similarly, the increasing number of interfaces attracts a growing
number of brokers expressing interest in our software.”