Black Book Forms Strategic Alliance with DataScan; Wholesale Floorplan Accounting Software Solution to Include Black Book Used Vehicle Valuation Functionality.Business Editors GAINESVILLE, Ga.--(BUSINESS WIRE)--April 3, 2003 National Auto Research, publisher of Black Book Guides, recognized as an industry leader in automotive pricing guides, today announced a strategic alliance with Atlanta-based DataScan Technologies to offer electronic Black Book data as new functionality in DataScan's Wholesale Management System (WMS WMS Warehouse Management System WMS Web Map Service (open geospatial consortium specification) WMS West Middle School (Rochester Hills, MI) WMS Workforce Management Software WMS Wechsler Memory Scale )(TM) and Dealer Access System (DAS)(TM). Using WMS, a floorplan lender will have the capability to electronically locate valuation information on all used vehicles. The Black Book functionality offers users real-time valuation lookup as vehicles are floored, separate on-demand inquiry screen for online valuation lookup, and flexible configuration of valuation rules. Capabilities also include portfolio-wide valuation, allowing the lender to run its entire used vehicle portfolio through the Black Book valuation engine on demand, to determine how the floorplan value varies with market value. Automotive dealerships will also benefit from Black Book functionality using the Dealer Access System. Via secure Internet access See how to access the Internet. , Dealers will go online to conduct various floorplan transactions, including used vehicle funding requests. The floorplan loan amount entered by the dealer is automatically verified against the Black Book vehicle valuation service. The dealer then receives instant notification if the loan amount is acceptable, or perhaps exceeds the market value, resulting in a faster and more efficient loan approval process. "We are extremely pleased to enter into a business relationship with a company the caliber of DataScan," said Robert M. Burnett, president of Black Book. "While our printed guides are well known throughout the industry, our emphasis has begun to shift to the electronic arena, and the relationship with DataScan, the known leader in wholesale floorplan accounting, is a large step in that direction. Because of the respective leadership positions of both of our companies, I look forward to a long and mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" association." "Forming this strategic alliance with Black Book allows DataScan to offer a more comprehensive and robust product," added DataScan Technologies' president and 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. , Tom Martin. "The fact that we are expanding our system's functionality to offer online, electronic Black Book valuations is a tremendous benefit to our clients. Dealerships will benefit because they can login Signing in and gaining access to a network server, Web server or other computer system. The process (the noun) is a "login" or "logon," while the act of doing it (the verb) is to "log in" or to "log on. to DAS over the Internet and instantly obtain a vehicle's valuation as floorplan funding is being requested." About Black Book National Auto Research (NAR NAR National Association of REALTORS NAR Nucleic Acids Research (journal) NAR National Association of Rocketry NAR Nationale Arbeidsraad (Dutch: National Labor Council; Brussels, Belgium) ), publisher of Black Book, is recognized as a leader in the industry. Black Book guides contain new and used car and truck pricing for the automotive and finance industries, as well as vehicle descriptions and options. The weekly guide provides current reports of used car auction results in four distinct classifications to used car dealers, new car dealers, bankers, wholesale buyers and credit union subscribers. The new vehicle price guides contain Dealer Invoice and Manufacturers Suggested Retail Price (MSRP MSRP Manufacturer's Suggested Retail Price MSRP Message Session Relay Protocol MSRP Multi-Species Recovery Plan (US Fish & Wildlife Service) MSRP Member of the Society for Radiological Protection (UK) ) for cars, trucks and optional equipment. All used vehicle guides provide loan values for finance purposes and certain products include VIN VIN Vulvar intraepithelial neoplasm, see there interpretations. NAR also offers software and electronic databases for 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. and residual values for the finance and leasing markets. Black Book can be found on the Internet at www.blackbookusa.com About DataScan Technologies DataScan Technologies is headquartered in Alpharetta, Georgia Alpharetta is a city in Fulton County, Georgia, United States. As of 2006 census estimates, the city had a total population of 43,424[1]. Selected for its location next to a spring, it began as a campground, and was originally known as and is a pioneer in Wholesale Finance and Accounting Systems and Risk Management Services since 1989, specializing in Floorplan Solutions. DataScan strives to revolutionize the way banks and captive financial institutions manage their collateral, allowing them to work more effectively with quick, secure Internet access. DataScan's first-to-market dealership Internet solution for wholesale financial institutions offers closer electronic communications between the lender and the dealer. DataScan also offers professional floorplan field audit services throughout the U.S. with Nationwide Audit Services (NAS (1) See network access server. (2) (Network Attached Storage) A specialized file server that connects to the network. A NAS device contains a slimmed-down operating system and a file system and processes only I/O requests by supporting the popular ). DataScan Technologies can be found on the Internet at www.datascantech.com. |
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