Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
ADP Delivers the Automotive Industry's First Completely Electronic End-to-End, Dealer to Lender Financing Process Solution
Volkswagen Credit and Audi Financial Services Become the First Manufacturer's Captive Finance Arms to Successfully Execute a Fully Electronic Financing Process Between Dealer and Lender

CHICAGO, IL -- (Marketwire) -- 02/09/13 -- ADP Dealer Services, a leading provider of technology-based solutions for vehicle dealers, today announced the successful integration and deployment of its CRM, credit application, compliance, contract validation, and digital contracting solutions with Volkswagen Credit, Inc's FinanceSource™, an integrated, credit, funding, pricing, and imaging solution for North American VW and Audi dealers. FinanceSource is the only currently available entirely electronic finance solution operating between dealers and lenders on a wholly integrated, single platform.

With FinanceSource, Volkswagen Credit (VCI) and Audi Financial Services (AFS) are able to provide F&I Managers with the ability to electronically submit financing deal terms and receive an immediate confirmation from the lender of the validity of those terms. This helps simplify the F&I process by eliminating data re-entry, reducing problem deals and re-contracting, and enabling faster receipt of documents.

Last November, an important milestone was reached when an Audi dealer in California successfully submitted the first fully electronic vehicle financing documents using ADP's Digital Contracting and VCI's FinanceSource technology. The success of VCI's FinanceSource eDocuments pilot puts VCI/AFS on track to be the first manufacturer-owned lender using a completely digital F&I contract process solution across its dealerships, utilizing ADP's and Open Dealer Exchange's Credit Application Integration, Contract Validation and Digital Contracting (Electronic Documents).

"With a Contract Validation mechanism in place, F&I managers can check the accuracy of any contract, before it's signed and submitted to the lender, to better ensure it meets the lender's requirements," said Paul Rindone, ADP's Division Vice President, Financial Services. "That means contracts get funded right the first time, improving the customer's experience, and improving cash flow for the dealers."

Using Contract Validation, a Volkswagen dealer can submit a deal to VCI, and within seconds, the F&I Manager will receive a validation summary, reflecting any out-of-balance variables that would cause an otherwise submitted contract to be rejected or receive a lower reserve. This all occurs before the customer signs the deal, so the F&I Manager can recognize and correct non-compliant contracts immediately. Most compliant deals will then be funded within one business day.

Validated contracts can be presented and signed electronically by consumers by using a tablet. Complete funding packets then are transmitted electronically to VW Credit for approval in minutes. The electronic transmission and approval eliminates the error-prone faxing process that exists with today's eContracting products.

"This integrated solution will help our Volkswagen dealers improve profitability and the overall sales experience by creating a more efficient and smooth funding process," said David Wicks, Audi Financial Services Vice President of Sales and Marketing.

"This was many years in the making, and we're so pleased that it is finally coming to fruition, because we believe it will really speed up the process and help make it a more error free process", said Rindone.

About ADP

ADP, Inc. (NASDAQ: ADP), with more than $10 billion in revenues and approximately 600,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of human resource, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's website at www.ADP.com.

About Open Dealer Exchange
Open Dealer Exchange, LLC is a technology leader within the automotive F&I process for bringing together lenders and F&I product providers with their dealership partners by incorporating their offerings directly within a dealership's dealer management system (DMS). By providing a direct connection into the DMS, Open Dealer Exchange virtually removes the need for the dealer to leave their system-of-record during the F&I process. This innovative process results in increased operational efficiencies, reduced contract errors, and a more streamlined process with a lender or provider's franchised dealerships.

Founded in January 2009, the company is a joint venture between ADP Dealer Services, Inc., one of the world's largest providers of business outsourcing solutions, and The Reynolds and Reynolds Company, a leading provider of integrated solutions that helps automotive retailers manage change and improve their profitability. The company was created in an effort to transform the traditional automotive financing model in which dealerships leave their system-of-record during the credit process to a more streamlined model all within the DMS.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Media Contact
Michelle Benko
ADP Dealer Services, Inc.
847.485.4389
Email Contact

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Cloud Developer Stories
Hardware will never be more valuable than on the day it hits your loading dock. Each day new servers are not deployed to production the business is losing money. While Moore’s Law is typically cited to explain the exponential density growth of chips, a critical consequence of thi...
The recent trends like cloud computing, social, mobile and Internet of Things are forcing enterprises to modernize in order to compete in the competitive globalized markets. However, enterprises are approaching newer technologies with a more silo-ed way, gaining only sub optimal ...
Sovereign and Virtustream partnered to deliver Sovereign’s SAP® BusinessObjects driven Analytics and Business Intelligence solutions on Virtustream's xStream™ cloud management platform (CMP). This alliance will drive operational efficiencies and competitive advantage for Sovereig...
Docker offers a new, lightweight approach to application portability. Applications are shipped using a common container format and managed with a high-level API. Their processes run within isolated namespaces that abstract the operating environment independently of the distributi...
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE

Breaking Cloud Computing News

Riverbed Technology (NASDAQ:RVBD), a leader in application performance infrastructu...