Bankers Systems and ADP Dealer Services Help Streamline the Finance and Insurance Process for Automobile Dealers
ADP Dealer Services to Utilize Bankers Systems' Motor Vehicle Electronic Retail Contract Forms
LAS VEGAS, Nov. 3 -- Bankers Systems, Inc. announced today at F&I Magazine's National Conference & Expo in Las Vegas that ADP(R) Dealer Services will integrate Bankers Systems' Motor Vehicle Electronic Documents Module into ADP's F&I LaserStation. ADP's F&I LaserStation provides the ability for finance and insurance departments to produce professional looking documents with the speed and ease of use delivered by laser printing. With F&I LaserStation, dealership forms are ready mapped to the dealer management system's F&I functions. Laser output capability is expected to help automobile dealers increase operating efficiencies, decrease costs, increase dealership customer satisfaction, and improve speed to market by eliminating the use of paper documents.
Bankers Systems' Motor Vehicle Electronic Documents Module is based on Bankers Systems' extensive compliance knowledge base, Expere(R), and industry best practices. The electronic documents within the module are compliant for each of 51 jurisdictions and updated by Bankers Systems' compliance staff, which monitors new state and federal legislation, regulations, and case law for 50 states, Washington DC, and the U.S. government.
"Bankers Systems' motor vehicle retail contracts are widely accepted by a variety of financial organizations in the automobile finance industry, including automobile dealers, finance companies, automotive manufacturer finance organizations, banks, and credit unions," John Bryant, vice president for Bankers Systems, said. "The top indirect automobile lending institutions rely on our compliance solutions to help manage their risk in a flexible and efficient way that helps streamline their work flow process. Bankers Systems is excited to have this role in the industry-leading effort by ADP Dealer Services to bring laser output to the dealers' finance and insurance work flow process."
"We are very excited about this alliance," John Watson, vice president and general manager of ADP's Transaction Products, said. "It is our goal to deliver a more efficient and profitable solution to dealership F&I departments. With Bankers Systems' comprehensive forms solution combined with ADP's F&I LaserStation solution, we now have an offering that will achieve that goal."
About Bankers Systems
Established in 1952, Bankers Systems, Inc., a WoltersKluwer company, is a leading national provider of compliance tools, technologies, and services for financial organizations and their legal counsel. The company's lending, deposit, individual retirement account, customer identification, and anti- money laundering solutions are used by more than 12,000 financial organizations, including more than 80 percent of all banks in the United States. Bankers Systems' software, documents, training, and support services help organizations serve their customers, be more productive, and manage risk. Bankers Systems is the sponsor of ComplianceHeadquarters.com, a web site designed to provide valuable compliance information and tools to financial industry professionals.
Wolters Kluwer is a leading multinational publisher and information services company. The company's core markets are spread across the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2003) of euro 3.4 billion, employs approximately 18,750 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information about Bankers Systems, visit http://www.bankerssystems.com/ or call 800.552.9410.
About ADP Dealer Services
ADP Dealer Services provides integrated computing solutions to more than 18,000 automotive and truck dealers throughout the United States, Canada, and Europe. ADP Dealer Services is the third largest business unit of Automatic Data Processing, Inc. (ADP). ADP, with over $7 billion in revenues and approximately 500,000 clients, is one of the largest independent computing services firms in the world. More information on ADP Dealer Services is available on the Internet at http://www.dealersuite.com/ .
Bankers Systems Inc. and Expere are registered trademarks of Bankers Systems.
ADP is a registered trademark of ADP of North America, Inc.