Software electronically connects finance sources to dealers.February 3, 2009 -
Utilizing RouteOne DecisionOne, both finance sources and dealers may conduct all credit application business within RouteOne portal. Finance sources are notified, via email, of new credit applications requiring attention. Finance source users may then review credit application online within RouteOne and post finance source's decisions to dealer, all within RouteOne user interface. Electronic solution can scale over time to fit any business need.
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Original Press release
RouteOne LLC
31500 Northwestern Highway
Farmington Hills, MI, 48334
USA
RouteOne Provides New Tool for Finance Sources to Connect Electronically to Dealers within the RouteOne Platform
'RouteOne DecisionOne' allows for electronic connectivity with little to no resource commitment from finance source(s)
FARMINGTON HILLS, Mich., Jan. 24 /-- RouteOne LLC announced today that it is offering a new tool to finance sources wishing to connect to dealers electronically using the RouteOne platform. The functionality offered, 'RouteOne DecisionOne', allows even the smallest finance source to leverage an electronic connection to its dealer customers. Finance source users are notified, via email, of new credit applications requiring attention. Finance source users may then review the credit application online within RouteOne and post the finance source's decisions to the dealer, all within the RouteOne user interface.
Many finance sources utilize the services of a Loan Origination System (LOS) to process and decision credit applications from their dealers; however, the IT resources and costs needed to utilize such a system can be prohibitive to certain finance sources. As such, finance sources may rely on fax machines or manual callbacks to respond to dealers who have faxed their applications to the finance source. As a result, both the finance source and the dealer are unable to take advantage of the benefits of electronically processing all credit application business within RouteOne. Utilizing RouteOne DecisionOne, both finance sources and dealers may conduct all credit application business within the RouteOne portal, saving time and money by reducing duplicate entry into multiple systems and taking advantage of all the value-added products RouteOne offers. RouteOne DecisionOne provides lenders an affordable electronic solution that can scale over time to fit any business need.
"RouteOne DecisionOne is a low-cost alternative that allows finance sources to interact in realtime and provide immediate decisions to their dealer customers, increasing the finance sources' competitive edge in this volatile market," said Mike Jurecki, RouteOne CEO. "By viewing all decisions within the RouteOne application, both dealers and finance sources may take advantage of all RouteOne's product offerings. We look forward to supporting our customers with this unique and innovative tool."
Finance sources seeking additional information may contact RouteOne Sales Support at 866.933.0663, or email salessupport@routeone.com, or they may visit RouteOne at booth number 4440 at the NADA show Jan. 24 - 27 in New Orleans, LA.
ABOUT ROUTEONE
RouteOne was formed in 2002 by Chrysler Financial, Ford Motor Credit Company, GMAC, and Toyota Financial Services to create a more streamlined credit application for automobile dealers and their customers. Providing access to more than 21,500 dealers in North America, RouteOne's web-based system allows automotive dealers to submit credit applications to the largest indirect lenders, request credit reports, and increase profitability with RouteOne's free Dealer Reporting Suite. RouteOne's open integration business model also allows the dealer to integrate with their choice of a wide variety of best in class providers, including DSPs, CRM systems, F&I modules and menu providers. RouteOne offers dealers a common platform for all their credit application financing needs. More information is available at www.routeone.com.
CONTACT: Suzi Straffon of RouteOne LLC, +1-248-862-7074
Web site: http://www.routeone.com/
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