Westpac taps Dancerace to upgrade its invoice finance operations
Australian banking heavyweight Westpac Banking Corporation has announced a new partnership with software company Dancerace to streamline its invoice finance operations.
Westpac to enhance invoice finance operations with new partnership
The firm will utilise UK-based Dancerace’s tech in a push to make it “easier for everyday Australian businesses with unpaid invoices to receive their cash faster”.
Headquartered in Bath, Dancerace provides software for the factoring, invoice discounting, trade finance and asset-based finance marketplace.
Westpac will substitute its existing lending infrastructure with the company’s c3Backoffice Control, f3 Client Onboarding and e3 Client Access software systems.
“The upgrade will enable Westpac to simplify and streamline their entire lending process – from application to approval and settlement – while introducing automation to enhance the way the bank’s customers manage their finance facilities,” Dancerace claims.
Alexis Barresi, Dancerace’s head of APAC operations, says that the deal “is a validation of our ambitious vision for lending technology”.
