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17 June, 2015

Nearly Half of Car Dealers Expect the Amount of Paperwork They Handle to Increase

An article published by Motor Finance on June 15th 2015 states that nearly half of car dealers (44%) expect the amount of paperwork they handle to increase over the next three years, according to a survey by information management company EDM Group.  Matt Collinge, associate director of automotive at EDM Group, said: "The impact of more paperwork not only increases the chances of car dealers being exposed to fraud, it can also have a huge impact on customer service levels.

There is a clear increase in demand for automated software that can help lenders streamline operations and deepen their understanding of their customers’ financial circumstances. Redline delivers leading edge credit application software to manage the entire administration from new business data acquisition, automated underwriting, decision making and scoring, through to document production, e-signing and payment processing to on-going account management and debt collection.

Using automated credit management software from Redline Application Services with their built in fraud screening tools and robust real-time credit decision engine ensures that you can be confident in the identity of your customer.The online ID verification offers a simple solution by using independent data sources to accurately verify a person’s identity.  Comprehensive, detailed ID checks can be undertaken against UK credit referencing agencies, passports, driving licences and bank/credit cards.  By cross referencing a number of data sources you can be assured that it is the correct person you are dealing with in a matter of minutes.

It makes sense to ensure the automation of repetitive tasks allowing operators to focus on delivering the highest level of customer service, reducing operational costs and the possibility of error. 

a few reasons to use Redline

We have an experienced team and a proven flexible, secure, scalable platform.

24/7 availability from the most secure data centre in the U.K.

We can get you up and running within short timescales, with minimal upfront costs and a competitive pricing structure proportional to your business levels.

Compliant systems, processes and procedures.