Open Dealer Exchange provides a direct connection between dealership management systems and finance sources to streamline the financing process. This removes the need for dealers to leave their system during financing and reduces errors. Open Dealer Exchange offers credit application processing directly from the DMS, contract data validation to verify deals before customers leave, and electronic contracting and funding to move the industry to a paperless process.

1. If you’re serious about growing your
automotive finance business, we should talk.
Open Dealer Exchange, LLC, a joint venture between Automatic Data Processing, Inc. (ADP)
and The Reynolds and Reynolds Company, is the leading expert and essential connector
within the F&I process by integrating a finance source directly within a dealership’s dealer
management system (DMS).
By providing a direct connection into the DMS, Open Dealer Exchange removes the need for
the dealer to leave their system-of-record during the F&I process. This innovative process
results in increased operational efficiencies, reduced contract errors and a more
streamlined process within a lender’s franchised dealerships.
Credit Application Processing
Finance sources receive credit application information electronically,
directly from the dealer’s DMS, not from a third party portal. Open Dealer
Exchange offers a unique pricing model based on performance, not application
transaction charges, which allows the lender to pay for only those applications that
result in a contract.
Contract Data Validation
Deal information can be sent directly to Open Dealer Exchange for validation
against the finance source’s rules, enabling the lender to verify that all deal
information is correct before the customer leaves the dealership. Since data
validation is done during the deal and not after it is completed, manual corrections
are nearly eliminated for the lender.
eContracting & eFunding
Once the deal is correct and validated, all final data and documents for securing the
loan are sent electronically to the lender for booking. This innovative technology is
helping move the automotive finance industry to a paperless process, something
no other company has been able to do thus far.
Open the doors to the future of F&I.
For more information, email us at inquiries@opendealerexchange.com or visit
www.OpenDealerExchange.com.
© 2011 Open Dealer Exchange, LLC. 5607 New King Drive, Troy, MI 48098.