Substantial Aquarius upgrade will provide factoring specialist with significant benefits
Compagnie Générale d’Affacturage (CGA), a subsidiary of the Société Générale Group, which has worked in partnership with HPD for the last 24 years, has completed a substantial Aquarius software upgrade in May 2017 with the commercial finance technology specialist, to help underpin planned international growth.
CGA is a major factoring company specialising in receivables and supply chain finance. It has developed a wide range of products to meet the needs of businesses from microbusinesses, to SMEs and large corporates throughout the world.
CGA’s technology platform has enhanced the company’s capabilities and offerings to a complex market. With signified plans to expand its reach in new territories, CGA’s growth will be supported by HPD’s complete technology platform, Aquarius.
An upgrade to version six of the technology, will provide CGA’s customers with a superior experience when managing their funding facility. The move will also support hundreds of users, priming CGA for success and ensuring the company can meet the needs of SMEs and major corporations across the globe.
Jonathan Croft, Chief Information Officer, CGA – Société Générale factoring subsidiary, said: “HPD has always supported our business – as our core provider for working capital and factoring solutions. We felt the time had come for a major Aquarius upgrade, in order to help future proof our business for planned international growth and transformation.
“We focus hard on running IT like a business, and therefore appreciated the importance of making the system as simple and user-friendly as possible. The upgrade has gone smoothly and is now live at our French headquarters, and we look forward to rolling the technology out to other markets.”
Kevin Day, CEO at HPD Software, added: “CGA is one of our longest-standing clients, and we are delighted to be continuing to support the company on its planned expansion.
“This upgrade will make the system more robust and capable of handling greater volumes of transactions, as well as providing the best levels of customer service.”
Notes to editors:
About HPD Software – helping business finance business
HPD Software helps banks and finance providers to deliver better working capital finance solutions, create a superior experience for their clients and grow their business anywhere in the world.
HPD Software’s experience and understanding of invoice discounting, factoring and asset based lending has driven the development of cost-effective, modular, software solutions that support multiple product, country, language, currency and time zone operations.
Banks and finance providers in more than 50 countries trust HPD Software’s invoice finance and data gathering solutions to manage over 50,000 clients.
Focused on creating advanced invoice discounting, factoring, asset based lending and data gathering solutions, HPD Software helps banks and finance providers deliver first class customer service more efficiently and manage risk more effectively.
The company helps organisations – of any size – to deliver branded, customised, working capital solutions that grow with their business and can be easily accessed by their clients via both desktop and mobile devices.
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About CGA – Societe Generale Group
CGA – Compagnie Générale d’Affacturage – is a 100% subsidiary of the Société Générale.
Through various Société Générale subsidiaries and finances divisions worldwide, Société Générale Group provides asset based factoring to corporate customers.
CGA offers also the full package of services as universal factoring (management and collection of receivables guaranteeing against default).
Factoring is a form of secured lending and a way for business owners to get working capital to run their companies. By converting receivables to cash, they can control their cash flow and continue to move business forward.
As the factoring arm of the Group Société Générale, CGA brings its more than 50 years’ asset based financing solution and experience to its customers in France and worldwide.
CGA has developed a wide range of products to meet the needs of large industries, SMEs, microbusinesses and also associations.
The range of products has been adapted and distributed among the networks of Société Générale, Crédit du Nord, Crédit Mutuel Arkéa and our broker partners.
The company has also expanded internationally, via the network of Société Générale subsidiaries and thanks to its membership of FCI (Factors Chain International).