Earlier this week, NextGear Capital selected the Moody’s Analytics ABS System securitization issuance platform to enhance its efforts as a floor plan finance provider in the U.S. and Canada.

The Moody’s Analytics ABS System can automate reporting and enhance internal controls for the administration of an issuer’s structure finance transactions. NextGear Capital plans to use it for collateral calculations, accounting, cash management and investor reporting.

“Moody’s Analytics has experience with issuer in the auto industry, which was instrumental in our choice to work with them,” NextGear Capital chief financial officer Dave Horan said in a news release. “Their willingness and ability to understand our business and address our requirements will help drive NextGear’s continued success.”

In addition to the ABS System, Moody’s Analytics can provide issuers, investors and other structured finance market participants with a full suite of solutions, including the Moody’s Analytics Structured Finance Portal, which can offer cash flow analytics, benchmarking, credit modeling and an extensive loan-level database.

And now the company has a new client in NextGear Capital, which serves more than 20,000 dealers in North America who acquire the vehicle inventory at more than 1,000 auctions where the floor plan provider currently has relationships.

“We’re pleased to support NextGear’s securitization activities and provide the firm with the infrastructure it needs to execute on its more than $20 billion in annual funding to auto dealers,” said Marc Levine, senior director at Moody’s Analytics.

“Our ABS System will bring NextGear a best-in-class securitization administration system with the control and automation to implement its structured funding strategy effectively,” Levine went on to say.

Last summer, NextGear Capital closed a $1.95 billion securitized bank facility led by The Bank of Tokyo-Mitsubishi in a move the company said was a two-year securitized facility designed to provide “flexibility and tremendous lending capacity” through a large, six-bank syndicate.