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Carbiz.com Launches ASP Enterprise Solution At NADA Convention.


Business Editors

ORLANDO, Fla.--(BUSINESS WIRE)--Jan. 24, 2000

(CDNX CDNX

See Canadian Venture Exchange (CDNX).
:CZ.)

Web Enabled 'Finance &Insurance' Software

Carbiz.com Inc. (CDNX:CZ) is pleased to announce the launch of its &uot;Enterprise Solution&uot; product, an ASP version of the company's successful software product, Full Spectrum 2000 at the National Automotive Dealers Association convention January 22-25, 2000 in Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. . &uot;Enterprise Solution&uot; refers to Carbiz.com software applications residing on a server which is connected to the internet. This provides several benefits to the automotive retailers, lenders and the car buying public including reduced costs, minimal system resources (1) In a computer system, system resources are the components that provide its inherent capabilities and contribute to its overall performance. System memory, cache memory, hard disk space, IRQs and DMA channels are examples. , improved processing speed See MHz. , security and multiple levels of redundancy. Car dealers just need internet access See how to access the Internet.  and they avoid a time-consuming and costly software installation process.

Software is continually evolving and requiring more and more system resources, network expertise and hardware upgrades. Having the software reside on a high speed processor at Carbiz.com, means customers achieve maximum performance with minimal hardware costs. Hardware and software upgrades are continuously made at the server level obviating ob·vi·ate  
tr.v. ob·vi·at·ed, ob·vi·at·ing, ob·vi·ates
To anticipate and dispose of effectively; render unnecessary. See Synonyms at prevent.
 the need at the customer level, leading to tremendous &uot;installation&uot; savings. Each individual &uot;Enterprise&uot; account has its own unique files protected by a commercial firewall, login process and passwords. Redundancy reduces worries of system crashes and file loss. Overall, Carbiz.com's &uot;Enterprise Solution&uot; products can easily be incorporated into other internet tools to create customer friendly add-ons to dealer web sites leading to increased consumer traffic and real e-commerce revenue.

Full Spectrum 2000 Enterprise version features include a full F& ('finance &insurance') system, Sub-prime module with &uot;pre-qualify/sweep&uot;, direction connection to lenders, on-line adjudication The legal process of resolving a dispute. The formal giving or pronouncing of a judgment or decree in a court proceeding; also the judgment or decision given. The entry of a decree by a court in respect to the parties in a case. , access to Equifax and Canadian Black Book (for pre-approved auto loans), traffic control and lease renewal.

In recognition of the launch of the &uot;Enterprise Solution&uot; at NADA, Carbiz.com has taken out a full 2 page advertisement in the latest edition of Canadian Auto World magazine. A year ago in this magazine there was insignificant commentary on the impact of the internet in the auto world. The current issue is rife with internet captions: &uot;Invoice pricing hits the Web&uot;, &uot;GM Canada wants dealers on corporate site&uot;, &uot; E-commerce trends, strategies and solutions&uot; and DesRosiers Automotive Consultants quoting statistics that 43% of consumers are using the internet to help them buy a car and 60% of car dealerships have a web site. This highlights the phenomenal impact the internet has had on the auto world in 1999, primarily in assisting the consumer in researching the car they want. Typically in 1998, even in very large franchised dealerships all processes (research ie car brochures, invoicing, finance applications, etc) were manual and communications by phone and fax. In the new millennium, more and more of the car research, purchase and finance transactions will be handled on the internet for which Carbiz.com is uniquely positioned.

Carbiz.com is primarily a B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G.

B2B - business to business
 company servicing the automotive retail community in webifying, automating and marketing of their business. Its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Full Spectrum 2000, is a software program that enables automobile dealers to arrange &uot;on-the-spot&uot; financing for consumers by connecting the dealers to credit bureaus and financial institutions via the Internet.

The Alberta Stock Exchange Alberta Stock Exchange

See Canadian Venture Exchange (CDNX).
 Has Neither Approved Nor Disapproved of the Information Contained Herein.
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Publication:Business Wire
Date:Jan 24, 2000
Words:553
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