MINNEAPOLIS--(BUSINESS WIRE)--Wolters Kluwer Financial Services announced today that Automotive Credit Corporation, a leading Midwest-based provider of sub-prime financing solutions, has joined the AppOne® platform.
AppOne helps automate the credit approval and compliance processes for lenders and the dealerships they work with. This integration provides Automotive Credit Corporation with access to the AppOne network of independent dealers as well as Wolters Kluwer Financial Services’ network of Bankers Systems® motor vehicle retail installment contracts, which help ensure loan documentation is accurate and compliant.
“Compliance requirements are a real challenge for dealerships. This is a significant new tool in our efforts to help alleviate the burdens of complicated F&I functions so they can focus their energy on meeting the needs of their customers,” said Jeff Glaser, vice president of sales and marketing with Automotive Credit Corporation. “The new platform not only simplifies the loan origination process but it also helps build relationships with more dealers.”
“We are committed to helping lenders and dealerships in the sub-prime auto financing marketplace ease compliance-related challenges and grow their business,” said Brad Fleener, senior director and general manager of Indirect Lending at Wolters Kluwer Financial Services. “Automotive Credit Corporation has a strong reputation for its dedication to serving the sub-prime auto financing needs of dealers and clients, and we are excited to help support their efforts so they can continue to grow safely and profitably.”
For more information, visit www.wolterskluwerfs.com/indirect.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides more than 15,000 customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®, ARC Logics®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, FRSGlobal, FinArch, GainsKeeper®, NILS®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2013 annual revenues of €3.6 billion ($4.7 billion), employs 19,000 employees worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
About Automotive Credit Corporation
Automotive Credit Corporation, headquartered in Southfield, Michigan, is a regional automobile finance company focused on the sub-prime market. Automotive Credit Corporation purchases installment contracts from both independent and franchised automobile dealers for consumers with limited or challenged credit histories who are unable to obtain financing from traditional sources.