Sword Apaks 3rd Italian win24/11/2015
Agos Ducato (a subsidiary of Credit Agricole Consumer Finance) has become Sword Apak’s third Italian based client to date. Expanding its wholesale operations in Italy by introducing main dealers into its business portfolio, Agos needed a robust platform to support its expansion plans. Having reviewed the options, it selected Sword Apak to implement its state-of-the-art Wholesale Floorplanning System (WFS) v6. This is the second implementation for Sword Apak under the Credit Agricole umbrella with Netherlands based bank Ribank already a well-established WFS client.
Signing up on an Application Services Provision (“ASP”) basis, WFS provides Agos with a fully integrated, web native wholesale finance solution, combining all financial products and portfolios into one core application to improve operating efficiency.
“In today’s complex and challenging automotive finance market it’s critical to our success to embrace and move forward with fresh and innovative ideas to ensure an effective, sustainable implementation of Enterprise-wide applications,” commented Luigi Senesi, Deputy CEO and Director of Commercial network of Agos. “Sword Apak has proven its ability to design, deliver and flex while working with our parent company, Credit Agricole, and we had no hesitation in selecting them as our specialist floorplan technology partner.”
Agos is named as a leader in terms of quality of service; customer service, product range and flexibility, communication and value for money. The ‘self-service’ element of WFS will support Agos as they work to retain their excellent reputation for customer service. It will give manufacturers and dealers access to information including credit lines, stock lists, bank transactions, reports and management information. Users can manage their stock finance accounts online, and can also make new and used vehicle funding requests, payoff existing loans, swap vehicles, view reports and download statements, all subject to user authority.
“We are delighted that Agos has selected Sword Apak’s WFS to meet their wholesale floorplanning requirements.” said James Powell, Sales Director for Sword Apak. “We firmly believe WFS offers a premium global floorplanning solution and look forward to working with Agos and supporting the business as it expands.”