Along with a move involving a lender in Australia, SBS and Vero Technologies expanded their collaborative efforts in floorplan financing this week to forge a new partnership with Auto Use, a U.S.-based provider of commercial auto financing solutions.

With more than 50 years of experience serving auto dealers and its customers across the Northeast, Auto Use will use the VeroOS platform to digitize its floorplan lending operations as it competes in the rapidly evolving, digital-first credit landscape.

The modern, cloud-native solution backed by the SBS SFP platform, enables Auto Use to reduce manual touchpoints by automating funding and repayment workflows and gain real-time visibility into loan and dealer performance.

With embedded partner management, AutoUse can also configure workflows specifically built for each customer while streamlining their accounting processes.

As their program grows, AutoUse can continue to leverage the platform to introduce more automation and deepen integration with third-party systems — such as title tracking, credit bureaus, and audit providers — laying the groundwork for future enhancements.

“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,” said James Powell, head of asset and consumer finance at SBS.

“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,” Powell continued in a news release.

Meanwhile in Australia, Soda Capital, a non-bank lender specializing in floorplan and distribution finance for manufacturers, distributors and dealer networks, will work with Vero and SBS to automate critical lending processes as it scales, to continue to deliver the fast, flexible and transparent financing solutions it’s known for.

By leveraging the wholesale financing platform, the company will streamline loan origination processes, servicing and portfolio management to improve dealer funding and boost operational efficiency.

With greater access to real-time data insights and seamless integration with third-party partners, Soda Capital aims to increase transparency in dealer financing, optimize credit risk management and improve capital deployment to ensure funding is allocated efficiently.

The partnership with Australia-based Soda Capital also marks Vero’s international expansion beyond the U.S.

“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,” Vero Technologies CEO John Mizzi said in the news release.

“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,” Mizzi went on to say.