22 February 2018
visit www.ebaday.com

Apak upgrades wholesale finance system

09 January 2008  |  2336 views  |  0 Source: Apak

Apak is delighted to announce that a new version of its market leading wholesale finance system has now been launched.

'WFSv6' has been developed on open architecture using the JAVA/J2EE platform and Oracle RDMBS.

"'WFSv6' firmly places APAK as the leading supplier of the best business focused and technically advanced wholesale finance system", commented APAK Business Unit Director, Tony Allen, who added:

"The new, fully web enabled application, inherits all of the sophisticated functionality from the previous version but also offers a number of enhanced features: Multiple country capabilities with integral language translation have been augmented to support our customers' growing multi-national interests. 'Amortised' dealer loan functionality is another significant aspect of the new system, providing finance institutions with a fully integrated loans module which supports traditional overdraft lending along with advance commissions and term loans".

'WFSv6' will also open the door to new markets by supporting multi-item invoice financing and processing. Almost any type of equipment can now be funded, which allows APAK to cater for institutions that offer 'Inventory Finance' and 'Factoring', providing the financier with a complete range of funding solutions to help win vendor and dealer business.

APAK's first 'WFSv6' customer will go live in quarter one this year when a further announcement will be made. As well as the new functionality, finance house staff and dealers will appreciate the improved 'usability' and real-time speed of the web based system. Advanced MIS capabilities also mean that users will have greater access to a wide range of industry reporting tools.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukVisit www.vasco.comVisit http://info.nice.com

Top topics

Most viewed Most shared
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
10341 views comments | 15 tweets | 13 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8581 views comments | 13 tweets | 12 linkedin
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
8368 views comments | 13 tweets | 6 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
7798 views 3 | 7 tweets | 1 linkedin
BBVA-backed digital banking startup targets gig economy workersBBVA-backed digital banking startup target...
7311 views comments | 8 tweets | 12 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job