DealerSocket and AutoZoom Announce New Product Integration
The integration allows buy-here, pay-here dealers to access AutoZoom directly within iDMS, saving time during the deal structuring process.
San Clemente, CA – June 19, 2018 DealerSocket, a leading provider of innovative software for auto dealers, today announced a new product integration of the company’s iDMS with AutoZoom, an underwriting technology that creates custom scoring models with maximum flexibility in structuring used-car deals. The integration saves buy-here, pay-here (BHPH) auto dealers time, while offering direct access to a platform leveraging 50 years of underwriting data.
“I grew up in the BHPH business where my family’s dealerships have, to date, originated in excess of 200,000 used-car deals with subprime credit buyers,” said Scott Carlson, founder and CEO of AutoZoom. “AutoZoom’s integration with iDMS unlocks some incredible advantages for dealer users. Our system helps BHPH dealers pinpoint profitable deals they might have otherwise declined, reduce early repos, and find the sweet spot for maximum profits on every transaction.”
The AutoZoom / iDMS integration will:
- Automate several features that eliminate the need for reconciliations between the two systems
- Pull proprietary score values into iDMS for future use that shows stability score, deal structure score, and total score
- Push information from iDMS into AutoZoom, saving time and keystrokes
“This integration was highly requested among our dealers. BHPH dealers of all sizes will benefit from matching the right creditworthiness with the right deal structure, all without ever leaving iDMS,” said Blaine Morgan, senior product manager at DealerSocket.
AutoZoom is the only online risk-management SaaS in America today that incorporates both
BHPH analytics and custom-fit scoring models built uniquely for franchised and independent used-car financing dealerships. Underwriters armed with a dealership’s very own custom-fit AutoZoom scoring model will improve their ability to identify and turn down career credit abusers. Also, with the dealer’s confidence and without involving the dealer or upper management in every deal, underwriters are better equipped to offer financing options to the majority of applicants while dealing with each customer’s limited financial resources and instability factors. Underwriters are able to skillfully increase sales by extending attractive credit offers to those qualified applicants desiring to pay minimal down payments on higher-priced vehicles. For more information, visit http://autozoom.com/dealersocket.
DealerSocket is a leading provider of software for the automotive industry, offering a suite of seamlessly integrated products to help dealers sell and service vehicles more profitably, while improving their customers’ experience. DealerSocket’s suite of products includes advanced Customer Relationship Management (CRM), innovative Digital Marketing and Websites, robust Vehicle Inventory Management, insightful Analytics Reporting, and solutions to streamline dealer operations such as Desking, Credit Reporting, Compliance, and a Dealer Management System (DMS) for dealers of all sizes. DealerSocket employs more than 1,000 team members serving 300,000 active users at nearly 10,000 dealerships. For more information, visit DealerSocket.com or follow the company on Twitter, LinkedIn and Facebook.