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

Premium Insights

The gold standard of business intelligence.

Find out more

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“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.