SOUTHFIELD, Mich. — Open Dealer Exchange (ODE) LLC announced a partnership for integration with VW Credit Inc., the captive finance company for Volkswagen and Audi dealers throughout the U.S.
The partnership includes processing credit application and contract data within the dealer management system (DMS) as part of VCI's FinanceSource dealer program, according to ODE. The FinanceSource program allows VCI and various dealer service providers to expedite application processing and ensure accurate and validated contracts.
"This integrated solution will help our dealers improve profitability and the overall sales experience by creating a more efficient and smooth funding process," said David Wicks, vice president of sales and marketing for VCI.
Full dealer rollouts will continue on a state-by-state basis over the next 24 months, according to ODE.
"Open Dealer Exchange is proud to partner with an industry leader like VCI to provide technology solutions that allow the dealer and lender to interact seamlessly within the DMS. There's no need for their dealers to ever leave the DMS in the first place," said Steve Luyckx, general manager for Open Dealer Exchange.