APAK has won a deal to provide De Lage Landen with its WFS
stock-funding systems throughout Europe, which will fully replace
current third-party software over the next three months.
Peter Johnstone, vice-president and general manager of DLL’s
Commercial Finance business in Europe, which provides stock finance
and floor planning to clients in more than 30 countries, said a
sophisticated wholesale and inventory finance application was
needed to automate fully its stock funding operations across highly
specialised industries.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
These include food and agriculture, office equipment and
technology, materials handling and construction, healthcare and
transportation.
DLL’s UK offices are already running WFS and it will soon be
implemented in Germany and Spain. Following DLL’s implementation,
APAK now has live operations in Denmark, Finland, Germany, Norway
and the Republic of Ireland, as well as the UK.
Johnstone added: “We required a specialised system with
multinational functionality that would allow us to support local
dealers’ country requirements. The new software is capable of
facilitating high-volume unit processing and significantly reduces
the overhead of providing a dealer stock-funding service.”
APAK business unit director Tony Allen said the system was
provided to DLL on an application service provision, or bureau,
basis.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“Many of our clients choose to implement this delivery model
because of the minimal capital outlay require, which allows finance
providers to concentrate on their core business competencies,”
Allen said.
