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Nextgear Capital Launches Online Payment Option

 NextGear Capital Launches Online Payment Option with

Shoreham Vehicle Auctions and Kingfisher Systems

 

  • NextGear Capital, Kingfisher Systems and Shoreham Vehicle Auctions work together to provide online payment solution
  • Shoreham Vehicle Auctions to be the 1st Auction in the UK to offer online payment via NextGear Capital Stocking Plan
  • Online Payment Platform live from 22nd August 2014

 

Shoreham Vehicle Auctions will be the first UK Auction to go to market with an online platform allowing their dealers to fund vehicles through NextGear Capital UK Ltd.

On 22nd August 2014 the availability to fund vehicles purchased at Shoreham Vehicle Auctions via a NextGear Capital Stocking Plan online will be an industry first.   

The Inventory Management System, IMS, designed by Kingfisher Systems, is already in use with many dealers and has been further developed to allow dealers to fund their vehicles online with one click! 

Dealers who are customers of both Shoreham Vehicle Auctions and NextGear Capital can opt to fund the vehicle on their NextGear Capital Stocking Plan online without needing to speak to anyone at either business, just by clicking the payment button on their ‘My Shoreham’ system.  This 24/7 access means greater control for dealers to run their business at their pace.    

Alex Wright, MD Shoreham Vehicle Auctions, is delighted with being the first Auction to offer their dealers the ability to fund with NextGear Capital online; “Time is a valuable commodity in 2014 and we have worked together with NextGear Capital and Kingfisher to develop this online offering to our dealers allowing them to concentrate on their customers and being able to stock more and sell more.  Knowing a dealer has paid for a vehicle is very important to an auction house and this facility will further improve our back office processes.”

Ian Fisher, MD Kingfisher Systems, commented “Working with two forward thinking companies has allowed us to develop an offering that simplifies the auction process with the used car dealers reaping the rewards.  Simplicity is the answer to technology requirements in the remarketing industry and we are delighted with response from our clients.”

David Mercer, MD NextGear Capital, added ‘Having started working with Shoreham Vehicle Auctions who became our first independent auction partner in May 2014, we have seen a high level of interest from their dealers and believe this addition to the services Shoreham Vehicle Auctions offer will result in a dramatic growth in their online presence and customer satisfaction. 

 Our business was founded on being at the technological forefront of the industry with ease of use for dealers as the main driver.  Our partnership with Kingfisher Systems and Shoreham Vehicle Auctions is evidence of our approach and we are planning further innovation for the months ahead.”