DF Capital launches DF Choice
DF Capital, the newly authorised specialist commercial lending and personal savings bank, today announced that it is launching DF Choice, a new unit stocking feature which gives dealers product flexibility to suit their cashflow needs.
Customers will be able to control their funding requirements by creating a specific schedule for every individual asset funded by DF Capital – on a unit-by-unit basis. They can choose whether to keep their standard terms or select different options to alter their costs, advance or capital repayments, dependent on that specific unit. This ensures that it reflects the seasonality of their business, market demand for that unit, and their own cashflow or profitability needs.
DF Choice is one of several technological innovations that DF Capital has implemented in recent years. Others include DF Check, which enables dealers to complete AI audits reducing on-site personnel requirements; and DF Connect, a fully self-service online system for dealers to have the ability to process, invoice, fund and settle goods. DF Choice is available as part of DF Connect, allowing customers to submit fast online funding requests, with choice, control and convenience.
Andy Stafferton, chief commercial officer at DF Capital said: “As a specialist commercial lender, we understand only too well that the dealers that we work in partnership with need funding that meets the changing needs of their business. That’s why we created DF Choice as part of our ongoing investment in technology. It gives our customers a range of available terms, providing increased flexibility, greater choice, convenience and control. We’ve already rolled this out to a small number of contacts who have thoroughly tested it and provided excellent feedback. We believe this is a game changer in the industry and look forward to launching it to the rest of the companies that we work with.”
DF Capital has now supported over £1bn of sales to UK dealers and manufacturers since it started lending activities in 2017.