APAK
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New stocking finance system hits market
APAK has extended the capabilities of its WFSv6 wholesale
stocking finance system. Business Unit director Tony Allen
explained that the new system now includes an international
cross-border function with a multi-language facility, in order to
reflect and augment the multi-national operations of APAK’s
customers as well as the growing international aspect of finance
generally.
He added: “Amortised dealer loan functions are another significant
aspect of the new system. We are able to provide lenders with a
fully-integrated loans module which supports traditional overdraft
lending along with advance commissions and term
loans.”
Allen said that WFSv6, which is to go fully live with its first
customer in Q1 2008, now permits “any type of equipment” to be
funded. This allows the system to extend to companies which offer
factoring as well as stocking finance – and which will help them to
win new vendor and dealer business.
LAYNE CONSULTING
System name change to reflect new
functionality
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By GlobalDataLayne Consulting’s finance application (see MF Nov 07) has
dropped the “POS” from its name to become Xpress, a change which,
the software provider said, reflected the system’s newly-expanded
functionality following a link-up with a credit information
provider.
Director Daniel Layne said: “Adding credit referencing tools
allows Xpress to provide a fully integrated point-of-sale and
proposal management suite. This means clients can take new business
all the way from first contact, through identity verification and
credit decision and onto the book as quickly and easily as
possible.”
The web-based system works on a pay-per-use basis. “Xpress
provides the tools needed to run an asset or motor finance
operation remotely, enabling clients to concentrate on their core
business. As all system administration is carried out over the
internet, the finance business can be operated from anywhere in the
world,” Layne added.
CAP
Valuations by text message
Data provider CAP has come up with a new way for customers to
access valuation information about a particular used car: by text
message.
Using its new Valuation Anywhere service, customers can text a
vehicle’s registration mark and mileage to CAP. “In seconds,” CAP
claims, customers will receive a text message in reply containing a
benchmark used car or van value, adjusted for mileage.
Data are drawn from CAP’s Platinum Black and Red Book databases,
and additional information is sent to the customer’s Valuation
Anywhere web account for later access.
Bynx link-up for CAP Quote
CAP also announced that it has linked up with software house Bynx
to develop a “web-based system designed to completely automate the
vehicle quotation to order process” for vehicle lessors called ‘CAP
Quote powered by Bynx’.
The system claims to “[enhance] the front-end quotation
experience” without the need for IT infrastructure alterations.
Eliminating vehicle configuration errors, which typically affect
one in five initial customer orders, was another benefit of the
system, along with allowing new customer contracts to “go live
immediately with quotations that fully reflect the customer’s
bespoke agreements”, said CAP.
