Hitachi Capital Business Finance has launched its dealer stock funding solution powered by Sword Apak’s state-of-the-art Wholesale Floorplanning System (WFS) v6.
Hitachi Capital is a specialist funder in the agricultural and groundscare sectors. They needed a robust, fully automated, future-proof stock funding system to support their drive to build stronger manufacturer relationships. They also required professional support from an experienced and knowledgeable IT systems supplier.
As a proven supplier of functionally rich wholesale systems, Sword Apak demonstrated an industry leading solution. Hitachi Capital chose Sword Apak, recognising its technical capability, business insight, and passion for meeting client needs.
Andy Murdoch, Head of Change Management, Hitachi Capital Business Finance, comments, “Sword Apak clearly understood our business aims and responded quickly with an integrated stock funding solution that enables us to provide a highly flexible dealer-responsive service. There is no doubt that WFS places us in a strong market position.”
Stuart Hawkins, Business Consultant, Sword Apak, says, “With its next-generation system functionality, WFS v6 is designed to meet the most complex technical requirements of our clients. We are confident that WFS supports Hitachi Capital’s ambitious plans for service delivery and business growth.”
Sword Apak addresses the full range of system requirements including:
• New Automated Direct Debit Instruction Service (AUDDIS) for BACS
• New system branding
• GL links
• HPI feeds
By combining innovative financial products with a real commitment to customer care, Hitachi Capital is leading the way forward in its current markets. The launch of the dealer stock funding solution adds further value to its successful business asset finance offering. With a new client programme signed in July, Hitachi Capital’s comprehensive stock funding system is in action.
About Sword Apak
Sword Apak (part of the Sword Group) has 35 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.
About Hitachi Capital Business Finance
Founded in 1982, Hitachi Capital Business Finance is a leading provider of business asset finance in the transport, agriculture, construction, manufacturing and materials handling sectors, with additional expertise in block discounting and syndication services. Working through finance brokers and with vendor organisations, our Business Finance products include hire purchase, operating lease and finance lease solutions. Hitachi Capital Business Finance is a division of Hitachi Capital (UK) PLC, part of Hitachi Ltd, one of the world’s largest and most respected groups.