Dealer Finance
The needs of the wholesale automotive finance industry are diverse and increasingly complex. Finding a system that can handle the industry’s wide-ranging requirements, either commercially available or built in-house, used to be a daunting task.
Dealer Finance is FIS’ industry-specific wholesale finance solution that supports a full range of wholesale products, including:
- Dealer floor plan inventory and credit lines
- Commercial and construction loans
- Dealer cash management accounts
- In-transit inventory management
Dealer Finance’s flexible features and real-time information enable increased customer service, improved backroom productivity and increased efficiency.
Connected to the Dealer’s Experience
Dealer Finance gives dealers direct access through the Internet, providing real-time information using processes designed specifically for dealer use. Features include:
- Delivery of consolidated monthly wholesale statements, providing options for online viewing, downloading or printing
- Summary billing and payment of vehicle financing at the dealer level
- Dealer summary information, providing a single, online view of the entire wholesale and loan portfolio
- Daily online statements, providing up-to-date inventory information
- Online payments and payoffs of single units or en mass, including application of cash management funds
- Online mass-transfer processing to accommodate both dealer trades and vehicle reclassification
- Real-time status of processed transactions, including reporting of dealer EFT activity for settlement
- Mega-dealer support, allowing summary of multiple dealer locations
Operations Improvements
Dealer Finance increases the productivity of back-office and customer-service operations while enforcing appropriate controls. Efficient lending operations include:
- Online dealer access that streamlines inventory processing and reduces central-office overheads
- Automated VIN validation at the time of new inventory flooring, ensuring integrity of the receivables
- Multilevel approval processing that enables “four eyes” authorization
- Easy multitasking for analysts, with unlimited concurrent and independent application sessions
- Business process-oriented Web pages, with functions grouped and accessible from any screen
- Real-time access enabling customer service representatives to answer dealer questions in a comprehensive and accurate manner
Providing the critical link between technology and business optimization, FIS accelerates your success.