News Articles

Tuesday, June 9, 2009

Sword Apak Goes Live with De Lage Landen in Spain

De Lage Landen has gone live with Sword Apak’s wholesale finance system, WFS, in Spain. The latest country implementation follows De Lage Landen’s decision to select Sword Apak to support its commercial finance technology operations throughout Europe.

With offices and joint ventures in more than 35 countries worldwide, De Lage Landen is a global provider of high quality, asset-based financing solutions. Sword Apak’s market leading software, WFS, is used to fully automate De Lage Landen’s stock funding operations across specialized industries, which include food and agriculture, office technology, construction and industrial, as well as healthcare and transportation.

Peter Johnstone, VP and General Manager of Commercial Finance for Europe at De Lage Landen, sees the implementation in Spain as further evidence of De Lage Landen achieving its European aspirations for growth in the asset finance market-place and its ability to support both global and local vendor financing requirements for the dealer channel. “De Lage Landen takes pride in providing a tailored floorplanning and inventory finance service which supports our customers’ specific country requirements” commented Johnstone. “Sword Apak has helped us to achieve this objective by rolling out its multi-national floorplanning system to selected countries, augmenting De Lage Landen’s European market presence in ‘Commercial Finance’.”

Tony Allen, Business Unit Director at Sword Apak, added: “Sword Apak has a long standing relationship with De Lage Landen and we are delighted to continue our support of the company’s European funding operations and long-term business goals”. “It is a pleasure to work with De Lage Landen’s ‘Commercial Finance’ team and we look forward to the next implementation of WFS in France. The system is already running live in the UK, Germany and of course most recently Spain.”

About Sword Apak

Sword Apak (part of the Sword Group) 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 €24 billion worth of direct debits and credits each year through our hosted systems technology.

Please visit www.sword-apak.com for more information.

Press Contact: marketing.team@sword-apak.com