SBS and Vero Technologies team up to modernise dealer financing

By Vriti Gothi

SBS and Vero Technologies have expanded their partnership to support the modernisation of floorplan financing worldwide, announcing new collaborations with U.S.-based Auto Use and Australia’s Soda Capital. The two lenders will adopt the joint SBS–Vero digital wholesale financing solution to automate core lending operations, enhance risk management, and improve real-time visibility into dealer performance.

Floorplan financing represents a growth opportunity for manufacturers, banks, and non-bank lenders, but much of the industry still relies on manual workflows and legacy systems for dealer onboarding, funding, inventory audits, and risk monitoring. These outdated processes make it difficult for lenders especially smaller and mid-sized institutions—to scale efficiently or support dealers with speed and transparency.

The combined solution from SBS and Vero is designed to address these constraints. SBS’s SFP-W platform digitises back-office functions such as loan processing, billing, and inventory auditing, while Vero’s digital front-end supports onboarding, credit evaluation, funding, collections, title management, and risk analysis. Together, they offer an end-to-end system tailored to lenders of all sizes.

Auto Use, which has served auto dealers in the U.S. Northeast for more than five decades, will use the platform to automate funding and repayment workflows, reduce manual intervention, and gain real-time visibility across its floorplan portfolio. The lender also plans to deepen integrations with third-party systems, including title-tracking, credit bureau, and audit partners, as it scales.

“Transforming lenders’ wholesale operations is most effective when modernisation happens across both their internal and customer-facing processes,” 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.”

Soda Capital, one of Australia’s fastest-growing non-bank lenders in floorplan and distribution finance, will use the platform to streamline origination, servicing, and portfolio oversight. The company aims to boost operational efficiency, strengthen credit risk management, and improve transparency for its dealer network. The partnership also marks Vero’s expansion beyond the U.S. market.