DaimlerChrysler Dealer Saves Thousands Through AutOrigination.Business Editors HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--Jan. 27, 2000 Automatic Contract Submission Cuts Residual Errors The ability to automatically transmit contracts to DaimlerChrysler Financial (DCF DCF See: Discounted Cash Flows ) prior to signing will save Jim Riehl's Roseville Chrysler Plymouth Jeep, Roseville, Michigan, an estimated $21,000 in residual errors in the coming year, according to Philip Mooney, Business Manager. &uot;If we miss the residual by 2% on a $35,000 car, we could be out $700,&uot; Mooney said. &uot;We deliver 3000 new cars per year so it's not hard to imagine that we might be wrong on 1% of them.&uot; AutOrigination(R) provides a fast and convenient way to submit contracts to DCF's contract entry system (CES) to ensure they are complete and accurate. The system captures information from the ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. dealer management system and automatically transfers it to the appropriate contract verification fields. It checks the contract for required fields that are incomplete before transmitting it to the CES. Within a few minutes, CES generates a report on the contract that calls out any errors so they can be corrected before signing. The system also makes it possible to send a vehicle identification number (VIN VIN Vulvar intraepithelial neoplasm, see there ) to CES to receive up-to-the-minute information about current retail and lease programs. &uot;Roseville CPJ has a reputation as a forerunner in technologies - we were the first ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 certified dealer in the United States - so we are well experienced in initiating new programs,&uot; Mooney added. &uot;This was among the best we have ever seen. Within 45 minutes of starting the implementation process we were up and running. Within an hour, we caught our first MSRP error. We corrected it before the customer left and saved ourselves the irritating hassle of dealing with a bounced contract. I am convinced that the extra 90 seconds or so that it takes to verify a contract will save countless hours of aggravation and potentially thousands of errors.&uot; ADP Dealer Services Group provides solutions for more than 18,000 auto and truck dealers throughout the United States, Canada, and Europe. ADP Dealer Services Group is the third largest business unit of Automatic Data Processing Same as data processing. , Inc. (NYSE NYSE See: New York Stock Exchange :AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) ADP, with over $5 billion in annual revenues and more than 450,000 clients, is one of the largest independent computing services firms in the world. More information on ADP and ADP Dealer Services Group is available via the Internet at www.adp.com/. ADP is a registered trademark of ADP North of America North of America is a rock band from Nova Scotia that has recorded with Matlock Records in Canada and the American label Level Plane Records. Members of Halifax's State Champs and Truro's The Motes formed North of America in 1997. , Inc. AutOrigination is a registered trademark of DaimlerChrysler Financial Inc. For more information contact ADP Dealer Services, 1950 Hassell Road, Hoffman Estates, IL 60195. Phone: 847-397-1700 Fax: 847-781-9820 Internet: www.adp.com |
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