Integrated Dealer Systems and Curomax Develop Interface to Streamline Financing Capabilities for Recreational Vehicle and Marine Dealerships
LOUISVILLE, Ky.--Nov. 3, 20040, 2004--| Curomax and IDS electronically connect RV and marine dealers with lending institutions |
Curomax Limited, a leader in dealer finance e-commerce solutions and the originator of the premier multi-asset finance portal in North America, and Raleigh, N.C.-based Integrated Dealer Systems (IDS), one of the world's leading providers of dealer management systems in the marine and recreational vehicle (RV) industries since 1987, announced at the 42nd Annual National RV Trade Show the establishment of a custom interface between Curomax's loan origination portal and FIpoint, IDS' Finance and Insurance program.
The Curomax Internet loan origination platform will enable RV and marine dealers using the IDS FIpoint program to electronically submit consumer loan applications to lending institutions in North America. In doing so, IDS and Curomax will dramatically reduce the time it takes for RV and marine dealers to complete the financing of an RV or marine product and improve the accuracy of the loan application process. The new technology will be available for all RV and marine dealerships using FIpoint.
"Working with Curomax to offer dealers online financing options further supports our goal of helping dealers be more efficient, productive and profitable," said Kevin Adams, general manager for Integrated Dealer Systems. "This new technology will enable dealerships to automate the process of financing, reduce paperwork, improve the accuracy and speed of their loan applications and improve their ability to track the status of individual deals."
IDS provides an integrated approach to the automation of a dealership, from comprehensive configuration set-up and training, to complete hardware and software installation, maintenance, support and service. The system's fully integrated solution adds a measure of control and data integrity that maximizes a dealer's profitability potential.
"Through the use of our e-commerce technology, IDS dealers will now have access to all lending institutions that utilize our services today," said Alan H. Bird, president and CEO of Curomax. "Partnering with companies such as IDS, that have an extensive dealership clientele, further enhances our presence in North America and helps position us as the North American leader in multi-asset financing options."
Dealers use Curomax to submit transactions to the lender of their choice, obtain on-line, real-time credit decisioning, update deal status and produce all necessary contract documentation. In addition, Curomax's industry leading communication platform enables dealers and credit officers to efficiently facilitate deals that require further information to be completed successfully.
About Integrated Dealer Systems
Integrated Dealer Systems, a wholly owned subsidiary of Brunswick New Technologies is one of the world's leading providers of dealer management systems for the recreational vehicle and marine industries. Incorporated in 1987, IDS has brought businesses together by developing complete software solutions for more than 7,500 users in North America and Europe. For more information about IDS products and services, visit www.ids-astra.com.
About Curomax
Curomax and its industry leading on-line finance platform connects dealers across North America to provide access to financial institutions and other aftermarket suppliers through a single application over the Internet. Lenders originating business through Curomax are dramatically improving their operational efficiencies, reducing their business costs and improving their product offerings to dealers across the United States and Canada.
More than 5,500 automotive, recreational, marine, power sport and home improvement retailers are secure in the knowledge that the loan or lease structuring information provided through Curomax is precise and designed to maximize rapid response from the selected lender. For additional information about Curomax, visit the company's Web site at www.curomax.com.