MINNEAPOLIS--(BUSINESS WIRE)--Wolters Kluwer Financial Services today announced the release of an update to its AppOne® platform, including the ability to accommodate multiple payment frequencies. Previously, the software only accommodated a monthly payment frequency. Now, the solution, supports alternative payment frequencies which allows Wolters Kluwer Financial Services to better serve “Buy-Here, Pay-Here” dealers and others in the market that commonly finance vehicles with differing payment schedules.
AppOne is known for connecting dealers with lenders to automate and streamline the indirect lending loan origination processes. With the software enhancement, the platform offers increased simplification of the preparation of loan documents for “Buy-Here, Pay-Here” dealers, thereby helping ensure regulatory compliance, reduce costs and improve margins.
For the BHPH industry, the AppOne platform allows standardization of contracts that are used by dealers, which helps ensure more compliant transactions when dealing with a wholesale buyer or lender for accounts receivable. The system serves both lenders and dealers because compliant document preparation functionality is a key tool in enhancing the compliance function within a dealership.
“We are excited about the latest enhancements to the AppOne platform, which allows us to expand our commitment to helping simplify complicated F&I functions and ease the overall compliance burden for our customers,” said Brad Fleener, senior director and general manager of Indirect Lending at Wolters Kluwer Financial Services. “There is a great need in the Buy-Here, Pay-Here space to simplify processes that will help dealers focus on their customers 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 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®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 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.