Sword Apak Goes Live with WFS in Italy and South Africa
LONDON -- November 14, 2012
Sword Apak is pleased to announce that Daimler Financial Services (DFS) has
gone live with its Wholesale Finance System (WFS) in Italy and South Africa.
The latest implementations are part of a planned series of system rollouts
with WFS, which is already running in Germany, Spain and France.
DFS is using the latest version of Sword Apak’s Wholesale Finance solution,
WFS 6. The system has been developed specifically for wholesale finance by
combining all financial products and functionality into one single software
application, providing a common view of the customer and credit exposure
across all dealer funding lines. “By working in close partnership with Daimler
Financial Services, we have developed a global template which offers a
functionally rich, flexible and reliable wholesale finance application for
DFS’s markets,” commented Tony Allen, CEO for Sword Apak.
Daimler Financial Services is a leading provider in the financial services
industry, offering tailor-made leasing and financing solutions to promote
vehicle sales of the Daimler Group’s international brands. With a
comprehensive product portfolio including financing, leasing, insurance
concepts and fleet management services, Daimler Financial Services is
responsible for a contract volume of $77 billion.
Notes to Editor
About Sword Apak
Sword Apak (part of the Sword Group -NYSE Euronext: FR0004180578 SWP) has over
30 years’ experience of providing specialist Wholesale Finance solutions.
Supporting over 10,000 dealers in more than 20 countries, Sword Apak is
recognised as a worldwide market leader in systems for the asset-based finance
sector. Sword Apak’s global floorplanning software is used by major financial
institutions, processing €16 billion worth of direct debits and credits each
year through our hosted systems technology.
t +44 (0)1454 871000
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