LML Technologies Partners With Credit Online, Inc. to Improve Automotive Dealer Effeciency; 4000 LML SalesDesk Customers Will Have Ability To Access CreditConnection
DOWNERS GROVE, Ill.--Oct. 3, 2002--LML Technologies (LML), the creators of LeaseLink(R), today announced a strategic technology and marketing alliance with Credit Online, Inc., a member of The First American Corporation family of companies, to integrate Credit Online's CreditConnection(R) with LML's SalesDesk(TM)suite of dealer service products.By integrating with LML's SalesDesk - a comprehensive suite of lease, finance, and prospect tracking products - CreditConnection will be available to more than 4,000 LML auto dealerships. With CreditConnection, LML dealers will save time and keystrokes by instantly submitting credit applications for lender review with the key customer and transaction information automatically inserted.
Mark Simmons, president and chief executive officer of LML Technologies, said: "CreditConnection fits well into our strategy of partnering with best-in-class industry leaders to add greater value for our mutual customer - the dealer. With this alliance, SalesDesk will now better facilitate the dealerships' speed in finding the best-suited deal for their customers. SalesDesk lays the foundation for the sale and CreditConnection closes the sales loop with instant credit submission to the dealer's lenders of choice."
Howard Tischler, president and chief executive officer of Credit Online, said: "As part of our business strategy, CreditConnection has formed alliances with the top dealer service providers in order to provide true end-to-end electronic processing of credit applications that yield more value and convenience to our dealer customers. We're very pleased to add LML Technologies as our newest strategic partner as this will also give our products greater exposure to more than 4,000 of LML's dealer customers."
CreditConnection is part of Credit Online's patented CreditOnline(TM) Network, an innovative technology that instantly connects automotive dealers with credit bureaus and multiple funding sources throughout the United States and in Canada via the Internet. CreditConnection is the only service of its kind that offers dealers the advantage of dealer management system (DMS) integration with Automatic Data Processing (ADP), Reynolds and Reynolds, and Universal Computer Systems (UCS). The service is available 24 hours a day, seven days a week, expediting the credit application approval process from days to minutes.
SalesDesk is the automotive industry's premier front-end desking solution combining the feature-rich and proven functionality of LML's LeaseLink, FinanceWizard(TM) and Guest Track products. Featuring integration with the major DMS providers, SalesDesk brings it all together to find the best deal to suit customers' buying preferences and credit history, from leasing to subprime.
About LML Technologies
LML Technologies, formerly Lease Marketing, Ltd. and headquartered in Downers Grove, Ill., was formed in 1989 and is the largest provider of leasing, custom finance and business development software to the dealer and financial industry. For more information about the SalesDesk(TM) suite of products or its component applications of LeaseLink, FinanceWizard and Guest Track, contact LML Technologies at 1-800-576-5480, or visit www.lmltechnologies.com.
About Credit Online, Inc.
Credit Online is the e-commerce subsidiary of First American CMSI. The company credit-enables business-to-business transactions through its Internet gateway and its CreditConnection technology. Credit Online's technology electronically connects credit originators (such as automotive dealers) to credit bureaus and funding sources throughout the U.S. and in Canada. Headquartered in Annapolis Junction, Md., First American CMSI has been the premier end-to-end credit automation solutions provider, including Internet-based online lending and leasing technology, since the company's inception in 1987. For more information, visit www.cmsinc.com.