Novaciel Inc. Joins BCE Emergis Online e-Lending Interchange
MONTREAL--June 28, 2001--BCE Emergis Inc. today announced that the largest software vendor for processing auto financing in Quebec, Novaciel Inc., has joined the e-Lending Interchange, an electronic B2B exchange linking motor vehicle dealers and financial institutions. With addition of Novaciel, close to half of Quebec auto dealerships will have access to the e-Lending Interchange.
"With Novaciel and its more than 350 dealerships using its software, it means the e-Lending Interchange is quickly becoming the largest player in the Quebec marketplace," said Jacques Malo, President, BCE Emergis - Canada. "It is a great endorsement to Canada's first one-stop integrated service. Our system is a powerful complement to the dealers' current software and allows them to get faster credit approval which can also mean closing sales faster and making customers happier."
In Quebec, the e-Lending Interchange will now offer access to about 450 dealerships or approximately 50% of the province's total number of car dealerships. Last month, Emergis announced C.T. Soft Corporation in Quebec and Oasis Auto Complete Systems, predominantly in Ontario, had also joined. All the dealerships should have access to the e-Lending Interchange by mid-July.
e-Lending Interchange lets automotive dealers get credit applications approved in seconds, instead of hours, without affecting commission rates. Automotive lenders and dealers will also be able to exchange information securely online with provincial personal property registries (PPSA) and information bureaus.
BCE Emergis launched the e-Lending Interchange in February of this year with Scotiabank, Canada's leading provider of automotive financing, as the first lender to provide loan and financing services to the Interchange.
"Emergis e-Lending Interchange responds to the needs of our dealerships for an instant link to rapid credit approvals," said Novaciel president Daniel Vetu. "The big advantage to e-Lending Interchange is that our dealers can use the software they already have, and the data they have already entered, and simply click to instantly send a credit application to the financial institution and receive a response in seconds. We are pleased to offer them such a simple solution that will undoubtedly help them close sales faster."
BCE Emergis technology is at the core of the e-Lending Interchange that enables dealers, financial institutions and information bureaus to communicate instantly. It offers a reliable and secure environment for transmitting sensitive financial, credit and vehicle information. BCE Emergis plans to continue building the value of its network by linking additional information sources, software manufacturers and financial institutions.
BCE Emergis is a premier B2B e-commerce infrastructure provider, strategically focusing on market leadership in the transaction-intensive eHealth and financial services sectors. By layering technologically advanced e-commerce services on existing Internet-based platforms, Emergis offers its customers increasing value in their e-commerce adoption and ever-increasing levels of sophisticated services. These scalable solutions electronically transform business processes, such as buying, selling, invoicing and payment, and enable companies to succeed in the web-centric, cost-driven, and highly competitive global Internet economy. BCE Emergis' customers include leading North American banks and insurance companies. The Company's shares are included in the TSE 100 composite index.
Please visit BCE Emergis at www.emergis.com for more information on the Company.
This news release contains certain forward-looking statements that reflect the current views and/or expectations of BCE Emergis with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.