Bankers Integration Group Signs 747 Dealerships During National Rollout of BIGFNI(TM) Decisioning Engine for Vehicle Loans
SAN FRANCISCO, Feb. 4 -- Bankers Integration Group (BIG), which just introduced its new flagship product, BIGFNI(TM), a decisioning engine that allows auto dealers and lenders to decision financing in real time in a matter of seconds, announced it has signed up 747 automotive dealerships to use the new technology. Ted Cunningham, BIG vice chairman, director of sales and marketing, announced the signings at the conclusion of National Automobile Dealers Association (NADA) Convention and Exposition held here from Feb. 1-4, 2003, where BIG rolled out its new flagship product. "Quite frankly, we are extremely pleased by the initial, overwhelming acceptance by this large number of auto dealers who recognize the opportunity BIGFNI brings to dealers, their customers and lenders," Cunningham said. "Unlike any other tool in our industry, Bankers Integration Group pays dealers to use our software system. It helps lower processing costs for lenders and offers a higher book-to-look ratio. It improves customer satisfaction in the vehicle loan process. It is a definite win-win-win for all those involved." Cunningham, former DaimlerChrysler executive vice president global sales and marketing, joined Red Poling, former Ford Motor chairman, BIG advisor and major investor, and Mike Dunn, BIG chairman, president and CEO, at national announcement of BIGFNI at the NADA Convention. "During my years at Ford, I learned that auto dealers are always interested in a competitive edge with products and services at a fair profit," Poling said. "I believe BIGFNI will give them that edge in vehicle loans." Cunningham said that he expects many more dealers to quickly realize the many benefits of BIGFNI including the ability to match financing options in seconds; better tracking of applications; faster, smarter approvals; a speedier process; reduction of the risk of unwind; ability for the dealer and lender to rehash a deal and submit for approval in real time; ability to interface with existing dealer IT systems; better vehicle inventory control; standardized application; automatic application withdrawal; increased F&I profitability; enhancement of the customer profile for CRM follow-up; higher ratio of deal closings and time savings. Additional information on BIG can be found at http://www.bigfni.com