MINNEAPOLIS — Wolters Kluwer Financial
Services said its electronic retail sales installment
contracts and documents will be integrated with Supreme Software’s finance and
insurance (F&I) system, called The Dealership Tracker.
Additionally, Supreme Software will provide its dealer clients
access to Wolters Kluwer Financial Services’ Red Flags Tool Kit, which will
help them build and implement identity theft prevention programs to comply with
the Federal Trade Commission’s (FTC) Red Flag Rules.
Wolters Kluwer Financial
Services’ contracts, which are used to originate financing of new or used
automobiles, RVs and boats, are maintained by the company’s compliance experts
who monitor legislative and regulatory changes affecting the indirect finance
industry in all 51 U.S. jurisdictions. Under the new agreement, Supreme Software can provide its 1,200
dealer customers with access to these contracts, as well as Wolters Kluwer
Financial Services’ Red Flags Tool Kit, which includes checklists, printable
forms and templates that help record and report Red Flags according to the FTC
requirements.
“Our goal is to help dealers
calculate finance transactions and access all of the documents they need to
serve their customers and close more sales,” said Terry Adelman, CEO at Supreme
Software. “Wolters Kluwer Financial Services provides a critical component by
helping ensure the financial terms for each sale are documented accurately.
This is very beneficial to RV and marine dealers that need to print plain paper
contracts. Our agreement with Wolters Kluwer Financial Services will now
enable those dealers to use our system to print plain paper contracts and
documents along with other direct integration options built into our system.”
“Supreme Software offers yet
another venue where dealers from various lines of business can access Wolters
Kluwer Financial Services’ compliance content,” said Kevin Kopp, senior
director and general manager of indirect lending for Wolters Kluwer Financial
Services. “Our contracts and Red Flags Tool Kit help ease the burden of
compliance at the dealership level, which allows dealers to focus on their
sales business.”
Available in preprinted and
electronic format, the retail sales installment contracts are protected by
Wolters Kluwer Financial Services’ limited
compliance warranty. For more information about the company’s Indirect
Lending solutions, visit www.wolterskluwerfs.com/IndirectLending.