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.
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,” the client commented 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.”