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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Wolters Kluwer    WKL   NL0000395903

WOLTERS KLUWER

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WOLTERS KLUWER : > Marine Coast Financial Joins Wolters Kluwer Financial Services’ AppOne Platform

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03/28/2012 | 07:14am EST

Minneapolis, MN (March 27, 2012) - Wolters Kluwer Financial Services announced today that Marine Coast Financial, which initiates financing for marine dealerships in the western United States, has joined the AppOne® platform.

AppOne helps to automate the indirect lending, credit approval and compliance processes for lenders and the dealerships they work with. Marine Coast Financial will use AppOne to help simplify the preparation of loan documents, automate credit application processing and connect its dealer customers with lending sources.

"With the current economic climate, we are continually looking for ways to help dealerships find the most affordable financing options for their customers and alleviate the burdens of complicated F&I functions," said Michelle Folsom, president at Marine Coast Financial. "By simplifying the loan origination process and helping us build relationships with more lenders, AppOne is a valuable tool in maintaining this goal."

"This new relationship is yet another example of our continued commitment to helping lenders and dealerships in the marine and recreational space ease compliance-related challenges and grow their business," said Jason Marx, vice president and general manager of Indirect Lending and Residential Lending at Wolters Kluwer Financial Services. "We are excited to work with Marine Coast Financial, which has a strong reputation for its dedication to the boating industry."

Wolters Kluwer Financial Services' Indirect Lending business monitors pending and enacted legislation that impacts the marine, auto and RV finance and dealer markets. The company's compliance documentation, software and services help both lenders and dealers mitigate risk and ensure new laws and regulations are embedded within their business operations. Prominent brands include AppOne®, Bankers Systems® and CompliSource.

For more information, visit www.wolterskluwerfs.com/indirect.

About Marine Coast Financial
Marine Coast Financial is designed to work with marine dealerships to provide the customer with a fast, easy and competitive marine loan. We have more than 25 years of recreational financing experience and will explore all types of loans in order to find the best financing options for our customers. We believe our customers deserve our full and immediate attention by keeping it simple. By limiting our dealer network, we can concentrate on each individual customer and their needs. For more information, visit http://marinecoastfinancial.com/.
About Wolters Kluwer Financial Services

Whether complying with regulatory requirements, addressing a single key risk, or working toward a holistic risk management strategy, more than 15,000 customers worldwide count on Wolters Kluwer Financial Services for a comprehensive and dynamic view of risk management and compliance. Wolters Kluwer Financial Services provides audit, risk and compliance solutions that help financial organizations improve efficiency and effectiveness across their enterprise. With more than 30 offices in over 20 countries, the company's prominent brands include: FRSGlobal, ARC Logics for Financial Services, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™.Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2011) €3.4 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website for more information.

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Contact

Jennifer Marso
Senior Director of Corporate Communications
Wolters Kluwer Financial Services
(+1) 612-852-7912
Jennifer.marso@wolterskluwer.com
On Twitter: @JenniferMarso



Angela Peterson
Corporate Communications Manager
Wolters Kluwer Financial Services
(+1) 612-656-7745
angela.peterson@wolterskluwer.com
distributed by

This press release was issued by Wolters Kluwer NV and was initially posted at http://www.wolterskluwer.com/Press/Latest-News/2012/Pages/pr27Mar2012c.aspx . It was distributed, unedited and unaltered, by noodls on 2012-03-28 12:56:20 PM. The issuer is solely responsible for the accuracy of the information contained therein.

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Financials (EUR)
Sales 2019 4 587 M
EBIT 2019 1 074 M
Net income 2019 611 M
Debt 2019 2 089 M
Yield 2019 1,54%
P/E ratio 2019 29,7x
P/E ratio 2020 27,2x
EV / Sales2019 4,41x
EV / Sales2020 4,18x
Capitalization 18 128 M
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Nancy McKinstry Chairman-Executive Board & Chief Executive Officer
Frans J. G. M. Cremers Chairman-Supervisory Board
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Reinout Duco Hooft Graafland Vice Chairman-Supervisory Board
Jeanette Horan Independent Member-Supervisory Board
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