FARMINGTON HILLS — RouteOne LLC announced today the introduction of the Compliance Dashboard, a free tool that provides dealers a visual assessment of the dealership’s compliance status for all applicable deals. Dealers may track compliance at both a dealership and transactional level.
The Dashboard is customizable, meaning that dealers may choose the compliance categories they wish to track and monitor, such as Adverse Action, OFAC, Identity Verification, and Credit Score Disclosure Notices/Risk-Based Pricing Notices.
The information is presented in a single screen shot that includes a view of all applications within a 60-day timeframe, broken down by age of application and compliance category. Additionally, dealers may clear out any transactions for which all compliance activities have been completed, allowing them to focus only on deals that require additional action.
“Our dealers have expressed their concern about keeping pace with federal regulations, which was reinforced at the NADA 2012 conference,” said Mike Jurecki, RouteOne CEO. “The Compliance Dashboard will help our dealer users alleviate those concerns by providing a quick and easy means by which to assess their compliance status in mere seconds. Better yet, the dealer user determines the categories they wish to track, allowing them to customize the Dashboard based on their business processes.”
RouteOne was formed in 2002 by Ally Financial (formerly General Motors Acceptance Corp.), Ford Motor Credit Co., TD Auto Finance (formerly Chrysler Financial), and Toyota Financial Services to create a more streamlined credit application for automobile dealers and their customers. Providing access to more than 21,500 dealers in North America, RouteOne’s web-based system allows automotive dealers to submit credit applications to the largest indirect lenders, request credit reports, and increase profitability with RouteOne’s free Dealer Reporting Suite.
RouteOne’s open integration business model also allows the dealer to integrate with their choice of a wide variety of best in class providers, including DSPs, CRM systems, F&I modules and menu providers. RouteOne offers dealers a common platform for all their credit application financing needs.
More information is available at www.routeone.com.