SBS, a global banking software company powering the wholesale financing and digital audit operations of auto and equipment manufacturers and lenders, and Vero Technologies, a provider of digital operating systems for floorplan financing, expanded their work together through new partnerships with Auto Use and Soda Capital. Auto Use, a U.S.-based provider of commercial auto financing solutions, and Soda Capital, a non-bank lender specializing in floorplan and distribution finance, will now work with the two companies to digitize and automate key components of their lending operations. Using the end-to-end wholesale financing solution powered by both SBS and Vero, the lenders will streamline workflows, optimize risk management and gain real-time visibility into inventory data and dealer performance.
Together, SBS and Vero deliver an end-to-end wholesale financing solution tailored to the specific needs of small, mid-sized and large lenders in the market. Using the SBS Financing Platform (SFP-W) to digitize back-office functions such as loan processing, billing and inventory auditing, Vero’s digital front-end platform streamlines the entire loan lifecycle.
Auto Use will use the VeroOS platform to digitize its floorplan lending operations as it competes in the digital-first credit landscape.
“Transforming lenders’ wholesale operations is most effective when modernization happens across both their internal and customer-facing processes, but this can be especially difficult for small and mid-sized lenders that have more limited resources to allocate to wholesale financing relative to larger enterprises,” James Powell, head of asset and consumer finance at SBS, said. “With Vero, our solution is uniquely positioned to support these lenders across every step of the financing journey so they can strengthen their operations and offer better dealer experiences.”
Soda Capital will work with Vero and SBS to automate critical lending processes as it scales.
“AutoUse and Soda Capital are two leading independent financial institutions, on two different sides of the world, who understand the value of an all in one wholesale finance solution,” John Mizzi, CEO of Vero Technologies, said. “By working with SBS, we’re providing these lenders with the innovative technology they need to modernize their operations, so they can focus more on what matters: scaling their business and building long-standing customer relationships.”

