Lloyds TSB Commercial Finance Limited (LTSBCF), the largest provider of factoring services by volume in the UK, has teamed up with the international finance software provider, HPD Software Limited, to develop a new software system for the secured asset finance industry.
The aim is to produce a package which will deliver a more rapid, efficient and cost effective service to clients and in order to maximise its availability, it is being designed to run on all leading hardware systems (Windows NT, Unix, AS/400 and mainframe) and on almost any database or transaction processing software.
The development of the software is scheduled to reach completion by the beginning of 2002. Prior to completion, usable parts of the system will be made available to clients of LTSBCF and HPD from the end of the year.
Ted Ettershank, managing director of LTSBCF has claimed that “this project sets a new industry standard for other players.”
BCR Publishing
