AppOne Expands AmeriCredit's Reach Into Independent Dealer Market; Provides Scalable Platform That Enables AmeriCredit to Increase Service to Independent Automotive Dealer Market.BATON ROUGE Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La. -- AppOne, a provider of Internet-based risk
mitigation and financial technology to banks, auto finance companies,
credit unions and independent auto dealers throughout the continental
United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. , announced that it has formed a new partnership with
AmeriCredit, a prominent lending source to the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. .
The alliance offers AmeriCredit the ability to receive credit applications from more than 850 independent auto dealers within AppOne's rapidly growing nationwide dealer network. These dealers are linked to AmeriCredit through the AppOne platform, a scalable and seamless solution to process loan applications. "AppOne's growing dealer base will be a great resource for AmeriCredit as we increase the amount of business we do with independent auto dealers," says Kyle Birch, AmeriCredit's Executive Vice President of Dealer Services. "AmeriCredit puts a strong emphasis on risk management, which is one of AppOne's specialties. As part of our strategy, we sought an independent dealer platform with risk management initiatives that would complement ours." AppOne's services are accessed through its Web-based loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. platform for independent auto dealers. Elements of the AppOne portal include DealerOne, a dealer underwriting system; RECON, a dealer scoring system Noun 1. scoring system - a system of classifying according to quality or merit or amount rating system classification system - a system for classifying things ; and DMSOne, a software management system for independent auto dealers. "Through the alliance, our dealers will be able to provide their customers with additional financing options, available through AmeriCredit, a leading independent auto lender in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada," says Lee Domingue, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AppOne. "Having access to a major player like AmeriCredit helps dealers sell more cars to a wider spectrum of consumers and increase their own profitability." About AmeriCredit AmeriCredit Corp. is a leading independent automobile finance company that provides financing solutions indirectly through auto dealers and directly to consumers in the United States and Canada. AmeriCredit has approximately 1 million customers and $12 billion in managed auto receivables. The Company was founded in 1992 and is headquartered in Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. . For more information, visit www.americredit.com. About AppOne Based in Baton Rouge, La., AppOne is an Internet-based company offering its AppOne solution that connects independent auto dealers with lenders. The AppOne system relies on the company's proprietary scorecard system, which evaluates an independent dealer to determine the level of risk associated with doing business with that dealer. AppOne provides lenders with a new channel of growth and field representation directly to independent auto dealers nationwide. It also offers independent auto dealers faster financing options for their own customers as well as support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services and additional fee-based products. For more information on AppOne, visit the company's Web site at www.appone.net. |
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