Kevin Day has been promoted to chief executive officer at commercial finance technology provider HPD Software with immediate effect.

Day joined HPD Software 25 years ago as a developer, and worked in many roles including, most recently as chief operating officer, prior to being picked as chief executive officer.

In this role, Day will be charged with spearheading the launch of HPD 2.0, a new strategy of ‘strategic initiatives’ for the company’s growth, which also aims address the quality of service to a growing customer base.

He will also be responsible for promoting HPD as a technology partner for businesses involved in global invoice discounting, factoring, and asset-based lending markets.

Tim Davison, executive chairman at HPD, said: “Kevin is the right person for the job of CEO. His experience and knowledge have already proved invaluable in helping to make HPD a market leader.

“Kevin’s in-depth understanding of the company and markets in which we operate mean that HPD is well-positioned to make the most out of the opportunities that result from the evolution of the commercial finance sector.”