Joint Solution Enables Auto Dealers to Use AppOne to Verify Pricing and Contract Aftermarket Products to Originate Compliant Auto Loans Electronically
Wolters Kluwer Financial Services announced today it has teamed with F&I Express, a leading provider of digital F&I aftermarket product solutions to automotive dealers nationwide, to integrate F&I Express® eContracting with its AppOne indirect loan origination platform. The joint solution creates a comprehensive auto finance platform for dealers to originate compliant auto loans, verify pricing of aftermarket products, including extended warranties and vehicle accessories, and complete the contract process electronically.
Through AppOne, dealers have access to F&I Express eContracting via single sign-on and will see the same user interface and navigation features currently available in their standard F&I Express log-in. All the capabilities of the eContracting solution have been integrated into AppOne to provide automotive dealers a single point of access to electronically create compliant auto loan packages and provide end-to-end eContracting of aftermarket products to customers.
“Consumers purchasing a vehicle today, especially the next generation of automotive buyers, expect the buying process to be quick and seamless,” said Brian Reed, president and CEO of F&I Express. “The combination of F&I Express eContracting with AppOne gives auto dealers the tools to meet customers’ buying expectations while simplifying the financing process. The joint solution does this by integrating the verification of aftermarket product pricing and contract development into the loan origination platform.”
AppOne offers automotive dealers a single platform to easily and quickly create compliant loan packages and find financing for customers. Its web-based interface connects directly to dealer management systems (DMS) to automate the transfer of data and the completion of loan applications, or AppOne can be used as a standalone portal for dealers to manually complete loan applications electronically. By making the loan application process electronic, AppOne is able to help auto dealers quickly find a lender partner and secure financing for their customers.
Auto dealers can submit loan packages to multiple lenders for review and approval with a single click from AppOne. They also have access to a network of lenders who are looking to finance automotive, marine, recreational vehicle and other retail installment contracts. The integration of F&I Express eContracting expands AppOne’s auto finance capabilities to give dealers the capability to electronically quote, price and complete contracts for aftermarket products.
“U.S. auto dealers have had a great year,” said Brad Fleener, senior director and general manager of Indirect Lending at Wolters Kluwer Financial Services. “To build on this momentum, they will have to manage their growth opportunities against today’s continually evolving regulatory environment. Our alliance with F&I Express gives auto dealers a comprehensive auto finance and compliance platform to grow their business across the entire sales lifecycle, from the vehicle to aftermarket products.”
F&I Express eContracting is accessible through AppOne today to all AppOne auto dealer customers at no additional cost. Marine, power sports and recreational vehicle dealers will receive access to the integrated functionality early next year. More information on AppOne is available here.
About F&I Express
Since 2008, F&I Express has been dedicated to leading the aftermarket industry into the digital age with innovative technology solutions. With innovative technology that cuts costs, increases efficiency, F&I Express helps its dealer clients’ CSI ratings by providing a faster and error-free process to eRate, eContract and eRegister all of their aftermarket products on one platform. Established by the international company Intersection Technologies Inc., F&I Express has a network of more than 95 aftermarket providers. By moving product and pricing information online, F&I Express provides all parties with instant online data access they want with simplicity and transparency. For more information about our innovative technology solutions, please visit fandiexpress.com or follow us on Twitter @fandiexpress.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion, employs 19,000 employees worldwide, and serves customers in over 170 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.