day kevin

Danske Bank UK, part of the Copenhagen-based Danske Bank Group, has replaced its legacy working capital technology with HPD's LendScape product suite.

The move is intended to help drive growth in its invoice finance portfolio and follows the success of the software’s introduction in the bank’s Danish operations.

Danske Bank UK will implement HPD’s Aquarius and Gemini modules, which are part of LendScape.

Steven Hutton, project manager for the invoice finance programme at Danske Bank UK, said: "We were keen to upgrade our legacy technology, and to modernise the service for our customers, making it easier for them to do business with us.

“Seeing how well Lendscape has performed for the Danish operation made it a sensible option for our new invoice finance system, Danske Client Manager.

"We have been impressed by the Aquarius module and the flexibility and customisation it offers our customers. Equally, we wanted data extraction functionality and Gemini was a good fit. The two, working in unison, provide optimum customer service."

HPD’s technology has been in use in Denmark since 2014, including the Aquarius module which delivers a full range of working capital finance solutions, with multi-country, currency, time zone and language facilities.

The data extraction capabilities of the Gemini module provide historical analytics on areas including sales ledger, monthly transactions and sales outstanding.

Kevin Day, CEO at HPD Software (pictured above), said: “This is an excellent example of the power of LendScape, enabling Danske Bank to pass the benefits and wide-ranging functionality on to its client base, improving their own customer experience.

"Our mission is to support and guide the future customer through our technology, in order to facilitate the growth of the commercial finance sector."