HOUSTON (June 26, 2012) -Shaw Systems Associates, Inc. announced that longtime client Commerce Bank has licensed ShawSpectrum Floor Plan and Dealer Workbench to enhance its auto finance operations.
Missouri-based Commerce Bank already runs RETAIL, COMMERCIAL, COLLECTIONS, and CREDITSTREAM for their loan servicing and collections processing.
“Commerce Bank’s experience with Shaw Systems spans more than two decades, and we are pleased with the products and service we receive from them,” said Len Metzger, senior vice president of Commerce Bank. “In doing our due diligence, however, we looked at a number of floor plan solutions, and we chose ShawSpectrum Floor Plan because it not only meets our requirements, but just as importantly, it meets the demands of our dealer customers.”
ShawSpectrum Floor Plan addresses the needs of both auto lenders and dealers to stay competitive, mitigate risk, and enhance productivity while managing costs. Dealer Workbench is the browser-enabled dealer interface that provides dealers with direct access to their floor plan portfolios.
About Commerce Bank
Commerce Bank is a subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a $20.5 billion regional bank holding company. For more than 140 years, Commerce Bank has been meeting the financial services needs of individuals and businesses. Commerce Bank provides a diversified line of financial services, including business and personal banking, wealth management, financial planning, and investments through its affiliated companies. Commerce Bank operates in more than 360 retail locations in the Central United States and has a nationwide presence in the commercial payments industry. Commerce Bancshares also has operating subsidiaries involved in mortgage banking, leasing, credit-related insurance, private equity, and real estate activities. For additional information, please visit www.commercebank.com.