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HOFFMAN ESTATES, IL — VW Credit, Inc. and VW Credit Canada, Inc. (VCI & VCCI), recently launched FinanceSource — an alliance between VCI, VCCI and Dealer Management System (DMS) providers to build applications for faster, more accurate credit application processes for dealers. FinanceSource creates seamless integration between VCI & VCCI financing systems and the dealers’ DMS systems, eliminating costly keystroke mistakes.
“This will help our Volkswagen, Audi and Bentley dealers improve the overall dealership finance experience by enabling them to complete the credit process entirely within their chosen dealer management system,” said Hans Bremer, VCI Credit and Funding general manager.
ADP is the first DMS provider to pilot the Credit Application Integration. This integration is provided through ADP’s w.e.b.Credit — a new credit management tool that facilitates faster and easier processing of credit applications, credit bureau reports, and OFAC transactions.
“ADP is pleased to work with VCI & VCCI,” commented Paul Rindone, vice president financial services for ADP Dealer Services. Rindone also stated that “FinanceSource will provide dealers with easy and convenient access to VCI & VCCI’s services, all within their existing ADP workflow.”
The credit application is the first to be built and launched via FinanceSource, followed by contract data validation and ultimately, the ability to receive, approve and save funding documentation electronically.
About VW Credit, Inc.
VW Credit, Inc. (VCI: 9.31, +0.03, +0.32%), a wholly owned subsidiary of Volkswagen Group of America, Inc. (VWGoA) was founded in 1981 as the financial service arm of VWGoA and is affiliated with Audi of America, LLC and Bentley Motors, Inc. VCI, a captive finance company, services Volkswagen, Audi and Bentley customers, authorized automotive dealers and their affiliated stores as Volkswagen Credit, Audi Financial Services and Bentley Financial Services.
About VW Credit Canada, Inc.
VW Credit Canada, Inc. (VCCI), a wholly owned subsidiary of VW Credit, Inc. was founded in 1992 as the financial service arm of Volkswagen Group Canada and is affiliated with Audi Canada and Bentley Motors, Inc. VCCI, a captive finance company, services Volkswagen, Audi and Bentley customers, authorized automotive dealers and their affiliated stores as Volkswagen Finance and Audi Finance.
About ADP Dealer Services
Automatic Data Processing, Inc., with nearly $8 billion in revenues and approximately 585,000 clients, is one of the world’s largest providers of business outsourcing solutions. Leveraging more than 55 years of experience, ADP offers the widest range of HR, payroll, tax and benefits administration solutions from a single source. ADP’s easy-to-use solutions for employers provide superior value to organizations of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. For more information about ADP Dealer Services, visit the company’s Web site at www.DealerSuite.com.