Cashdrive goes live with icenet | Feburary 2007
Cashdrive is the latest motor finance company to outsource its IT operation to icenet as part of a strategic decision to aid in the development and growth of their business.

With over 25 years experience in the sub-prime motor finance market, Sunderland based Cashdrive specialises in providing car finance across the UK for both their own and third party introduced customers, who are likely to have experienced previous credit problems.

Alex Stephen, Chief Executive, icenet commented “Cashdrive came to icenet with a requirement to streamline their business, with growth and increased efficiencies in mind. In particular they wanted to move away from their Access based system, to a web based solution which had a high level of functionality for their market-place and provided scalablity, whilst still being easy to use and maintain.”

Cashdrive went live with the first stage in February with the latest hosted icenet system, which automates the whole process from prospecting through to placement with minimal effort. The full solution from icenet will include a POS solution for introducers and dealers and electronic funder interfaces and a powerful reporting solution

 Mike Burn, Director, Cashdrive commented “One of the key elements for us in making the decision was the availability of up to the minute management information on our performance at the click of a button, which will help us to continue to provide high service levels and achieve our growth projections over the next 5 years.”