HOFFMAN ESTATES, Ill. — VW Credit Inc. and VW Credit Canada Inc. (VCI & VCCI) recently launched FinanceSource — an alliance between VCI, VCCI and dealer management system (DMS) providers to build applications for faster, more accurate credit application processes for dealers. FinanceSource creates seamless integration between VCI & VCCI financing systems and the dealers' DMS systems, eliminating costly keystroke mistakes.

"This will help our Volkswagen, Audi and Bentley dealers improve the overall dealership finance experience by enabling them to complete the credit process entirely within their chosen dealer management system," said Hans Bremer, VCI Credit and Funding general manager.

ADP is the first DMS provider to pilot the Credit Application Integration. This integration is provided through ADP's w.e.b.Credit — a new credit management tool that facilitates faster and easier processing of credit applications, credit bureau reports and OFAC transactions.

"ADP is pleased to work with VCI & VCCI," commented Paul Rindone, vice president financial services for ADP Dealer Services. Rindone also stated that "FinanceSource will provide dealers with easy and convenient access to VCI & VCCI's services, all within their existing ADP workflow."

The credit application is the first to be built and launched via FinanceSource, followed by contract data validation and, ultimately, the ability to receive, approve and save funding documentation electronically.