FARMINGTON HILLS, Mich. — Mercedes-Benz Financial unveiled eValidate, a full contract data validation system that integrates with the dealer management system (DMS) and is designed to perform over 100 validations on worksheets, agreements and contracts. The new system is available at dealerships in California, New York, New Jersey, and Florida.
“For the first time, Mercedes-Benz Financial now has a direct interface with a dealer service provider (DSP), which will enable us to provide more seamless and efficient operational processes for our dealer network,” states Jeffery Stevens, contract acquisition strategies manager for Mercedes-Benz Financial.
“eValidate supports our commitment to be the first choice provider of financial services for our dealers,” Stevens said. “By significantly reducing contract discrepancies and customer re-contracting, dealerships will increase their profitability, operational efficiency, and overall customer satisfaction.”
In seconds, over 100 validations are performed and the integrated approach provides the dealership’s finance decision makers a seamless user experience in their finance and insurance process.
“Over 70 percent of our business is lease and with all of the manufacturer special programs being offered, contract discrepancies are inevitable,” said George Bik, F&L manager at Mercedes-Benz of Encino, Calif. “eValidate confirms contract accuracy or advises of a contract discrepancy in about five seconds.”
Mercedes-Benz Financial is rolling out eValidate with DSPs who have Mercedes-Benz dealerships as clients across the country. Advent Resources, Inc., of San Pedro, Calif., was the first DSP to incorporate the eValidate functionality into its DMS.
Some of Advent’s Mercedes-Benz clients include Mercedes-Benz of Laguna Niguel, Calif., Fields Motorcars, Fla., and the corporate-owned store Mercedes-Benz of Manhattan, N.Y. These Mercedes-Benz dealers now have the ability to check the accuracy of their lease worksheets, lease agreements, retail contracts, and retail law contracts accepted by Mercedes-Benz Financial.
Working closely with ADP throughout the rollout, Mercedes-Benz Financial’s goal is to make eValidate available to all of the Mercedes-Benz dealerships that subscribe to ADP by next June. Also scheduled to integrate eValidate are DSPs Reynolds & Reynolds and Arkona.