NextGear Capital has launched the ‘first mobile wholesale funding platform’ enabling dealers to manage stock on-the-go.

The latest version of StockMaster was launched this month to more than 1,300 independent and franchised dealers, with dealers in RoI to follow in the coming months.

The increased functionality was “driven by dealer demand” for a product to reduce admin time and offer real-time updates.

Dealers can now:

• Load trade sourced and part-exchange vehicles
• See their available balance and stocking limit
• Search for existing vehicles on their plan and settle vehicles

NextGear Capital’s managing director Liam Quegan (pictured) said: "We're focused on simplifying stocking plan management for dealers.

"They are busy people who are always on the go, so they need tools that provide a seamless experience, real-time information and accessibility from any device.

"The new functionality in StockMaster makes this a reality, we've made it easier to manage stock than ever before and we're proud to be the first to offer these features to dealers. It will undoubtedly change the way stock management is performed by dealerships."

StockMaster also offers complete integration with auction centres across the UK, allowing dealers to view and fund pending vehicles won at participating auctions.

Quegan said: "It doesn't stop here, we thrive on innovation and are ambitious for Stockmaster. We have plans to continually develop the platform over the coming years to ensure it keeps pace with dealer expectations and developments in technology."