RouteOne Announces Integration With AppOne
- Integration provides independent auto dealers with additional financing
FARMINGTON HILLS, Mich., Oct. 16 /PRNewswire/ -- RouteOne announced it has signed an agreement with AppOne, a provider of Internet-based risk mitigation and financial technology to banks, finance companies, credit unions and independent auto dealers throughout the continental United States, enabling RouteOne's finance sources to use their existing connections to conduct business with the independent auto dealers on the AppOne platform. The integration enables the finance sources on RouteOne's system to join the AppOne platform and begin receiving auto loan applications from AppOne's rapidly expanding nation-wide network of independent auto dealers. Traditionally, RouteOne's technology enables franchised dealerships to communicate credit application and credit decision information to a network of finance sources. Approximately two-thirds of the nation's auto dealers are independents and this alliance enables RouteOne's finance source base to expand into the underserved independent market. "Through exposure to the AppOne platform and independent dealer base, the finance sources participating on our network can gain volume and additional revenue from an underserved market while incurring only minimum integration costs," said Mike Jurecki, CEO of RouteOne. "The AppOne platform is tailored to the unique needs of independent dealers as well as those of our finance source partners who conduct business in this arena." Jurecki also added, "Our strategy of partnering with best-in-class providers in the independent dealer community accomplishes our objective of offering maximum value and choice to our finance source partners, while allowing RouteOne to focus on servicing the needs of our franchised dealer customers." AppOne's RECON scoring system establishes a rating on each participating independent auto dealer using a variety of statistical and financial data on both a dealer's business and management staff. This rating is used by AppOne to approve and monitor the dealer's performance and compliance, protecting the finance sources on the network, while providing the dealers with lending sources that give their customers competitive offerings "The alliance gives lenders the ability to join our platform without a separate integration project, and enables our dealers to provide more financing options to their customers, increasing their competitiveness in the market," said Lee Domingue, CEO of AppOne. "We in turn provide RouteOne's lenders the safety of conducting business with independent auto dealers who are underwritten and reviewed annually through our comprehensive RECON scoring system." About AppOne Based in Baton Rouge, La., AppOne is an Internet-based company offering its AppOne solution that connects independent auto dealers with lenders since 2000. The AppOne system relies on the company's proprietary scorecard system, which evaluates an independent dealer to determine the level of risk associated with doing business with that dealer. AppOne provides lenders with a new channel of growth and field representation directly to independent auto dealers nationwide. It also offers independent auto dealers faster financing options for their own customers as well as support services and additional fee-based products. For more information on AppOne, visit the company's Web site at www.appone.net. About RouteOne Established in April, 2002, RouteOne LLC is a joint venture formed by DaimlerChrysler Financial Services, Ford Motor Credit Company, GMAC, and Toyota Financial Services to deliver vastly improved efficiencies in the credit application process for automobile dealers, their customers, and participating finance institutions. The joint venture has developed a web- based system that will enable dealers and all their finance sources, including banks and other financial institutions, to manage the credit application and consumer financing process online. More information is available at www.routeone.com. Dan Barnhardt Chuck Meyers Media contact for AppOne Media contact for AppOne (678) 781-7216 (678) 781-7204
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