Thursday, Jul. 09, 2020, 10:23 AM
A Midwest franchised dealer group with its own finance company finalized a partnership with Inovatec Systems Corp. on Wednesday.
The provider of cloud-based software solutions for all financial institutions now has a relationship with Wisconsin Consumer Credit, the financial arm of the Van Horn Automotive Group with 16 dealership locations throughout Wisconsin and Iowa.
According to a news release, Wisconsin Consumer Credit will integrate Inovatec’s end-to-end solution into its lending services, rental payments and debt collection systems.
Executives explained Inovatec will partner with Wisconsin Consumer Credit to increase the speed and accuracy of lending decisions for the company’s current automotive and rental payments portal that are accessible through online and mobile phone applications.
Inovatec emphasized that its technology can provide a solution that is scalable and data-driven, allowing for more strategic and confident lending decisions to be made.
“At Wisconsin Consumer Credit we have a strong appetite for growth, and it is critical that we implemented the tools necessary to make that happen,” Wisconsin Consumer Credit vice president of operations Amanda Kroener said.
“We are excited for what the future holds now that the ground-work is completed for a successful loan origination and management system,” Kroener continued.
Inovatec highlighted that its agile process builder will allow Wisconsin Consumer Credit to create processes and workflows that can be seamlessly and almost immediately implemented with minimal training.
“The integration of lending technology and automation is allowing for seamless digital finance options for automotive shoppers,” said Bryan Smith, head of customer growth and strategic partnerships at Inovatec. “By implementing sophisticated systems, the speed of buying and lending process is significantly increased.”