DataScan Technologies Selected by SunTrust for Automotive Wholesale Floorplan System
ATLANTA--June 2, 2004--DataScan Technologies, LLC today announced that SunTrust Banks, Inc., one of the nation's largest commercial banking organizations, has signed an agreement to implement DataScan's Wholesale Management System and Dealer Access System.Using the DataScan solutions, SunTrust will access the Wholesale Management System to manage accounting, reporting, online review and credit risk evaluation associated with their dealer floorplan programs. The Dealer Access System will offer SunTrust automotive dealer clients Internet access to their floorplan account information. SunTrust is a longtime client of DataScan, having used the software company's Collateral Management System and Nationwide Audit Services for nearly a decade.
"SunTrust has been a valued client since 1995," said Matt Powell, DataScan Technologies' senior vice president, "and we are very pleased they have chosen to expand their relationship with us by selecting our best-of-class floorplan accounting systems."
About DataScan Technologies
DataScan Technologies is headquartered in Alpharetta, Georgia and is a pioneer in Wholesale Finance and Accounting Systems and Risk Management Services since 1989, specializing in Floorplan Solutions. DataScan strives to revolutionize the way banks and captive financial institutions manage their collateral, allowing them to work more effectively with quick, secure Internet access. DataScan's first-to-market dealership Internet solution for wholesale financial institutions offers closer electronic communications between the lender and the dealer. DataScan also offers professional floorplan field audit services throughout the U.S. with Nationwide Audit Services. DataScan Technologies can be found on the Internet at datascantech.com.