RouteOne And SourceHOV Announce Strategic Alliance

FARMINGTON HILLS, Mich., Feb. 4, 2013 /PRNewswire/ -- RouteOne LLC announced today a strategic alliance with SourceHOV LLC that will create a new paperless document imaging process for RouteOne's finance source customers.  RouteOne's imaging solution combines industry-leading technology with electronic document management to facilitate a paperless process for dealers and finance sources through the conversion of paper documents into electronic images.

"The RouteOne imaging solution is an ideal first step for dealers and finance companies that have not yet implemented full eContracting, but want to leverage paperless processing," said Mike Jurecki, RouteOne CEO. "This paperless procedure can be quickly deployed, expediting the contract funding process as a whole. We view this as a logical step in the progression toward a comprehensive industry-wide eContracting solution. We are proud to work with SourceHOV on such an innovative and much-needed solution in the industry," Jurecki said.

"We are excited to be working with RouteOne to help dealers and finance companies work with the paper that is prevalent today, while providing a roadmap to a paperless future," said Steve Grieco, SourceHOV CEO. "Our hybrid solution securely digitizes physical documents, adds and validates key data, and integrates the electronic output directly into lending systems, typically before the start of business -- saving potentially days in processing loans."

Dealers interested in learning more about RouteOne's imaging solution or any other RouteOne product may visit the RouteOne Booth (#1629) at NADA 2013 in Orlando Feb. 9 - 11, or contact RouteOne Customer Support at 866.933.0663 or [email protected].

ABOUT ROUTEONE
RouteOne was formed in 2002 by Ally Financial, Ford Motor Credit Company, TD Auto Finance, and Toyota Financial Services to create a more streamlined credit application for automobile dealers and their customers. Providing services to North American franchised and independent automotive dealers, 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.

ABOUT SOURCEHOV
SourceHOV energizes our clients' success with platform-driven business process solutions for core functions. We provide total life cycle services and analytics that increase efficiency and quality while providing critical quantitative insight. SourceHOV delivers high-value business outcomes for leading organizations including more than half of the Fortune 100. Learn more at www.sourcehov.com.

CONTACT:
Suzi Straffon
RouteOne LLC
248.862.7074

SOURCE RouteOne LLC