Equipment Leasing and Finance Association - Equiping Business for Success

White Clarke Group equips Midwest US bank for entry into the automotive floorplan/wholesale finance market

Posted 04/15/2020
A Midwest-based bank with a focus on the needs of businesses has partnered with White Clarke Group to utilize their CALMS Compass floorplan finance software in launching a new finance option, expanding the products and services they can offer to the market.

Atlanta (April 15th, 2020) - The new line of business will mark the bank’s first venture into wholesale/floorplan finance. Having kicked off in February, the implementation of the new system will go live on May 1st, providing the bank with everything it needs to manage its floorplan finance offering successfully.

“White Clarke Group’s solution has the benefit of advanced automation and streamlined operational activities. It also provides dealers with the superior customer service experience expected to be able to compete in this market,” commented the client regarding the project. “Launching with CALMS Compass software puts the bank on an equal playing field with all of the large national floorplan lenders. It’s a promising start to our new journey into floorplan finance.”

Jay Edwards, Senior VP Business Development at White Clarke Group, added, “White Clarke Group continues to see strong interest from regional and community banks in offering locally-supported floorplan finance options. Having a scalable, product-specific software is an absolute must-have for maximizing profitability and mitigating risk. We’re very pleased to add another successful implementation of our CALMS Compass software to our growing portfolio of customers and look forward to supporting our new client as they develop their business.”

About White Clarke Group

White Clarke Group is the global provider of end-to-end loan origination, servicing, collections and floorplan/wholesale finance technology for the automotive, consumer and equipment finance sectors. It is a global organization employing around 600 professionals, with offices across North America, Europe and Asia Pacific. Clients include: Toyota Financial Services, Volkswagen Financial Services, Daimler Financial Services, People's United Bank, LeasePlan, Hitachi Capital, Exeter Finance. For more information, please visit www.whiteclarkegroup.com


Author
Anna Lepp, Global PR & Marketing Director
Organization
White Clarke Group
Phone Number
+44 (0)1908 576 710

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