SOUTHFIELD, Mich. — Designed to streamline processes for Volkswagen and Audi dealers, Open Dealer Exchange today announced an integration partnership with VW Credit.

The technology company for lenders, F&I product providers and dealers explained the partnership includes processing credit application and contract data within the dealer management system as part of VW Credit's FinanceSource dealer program.

As Volkswagen and Audi dealers know, the FinanceSource program can allow VCI and various dealer service providers such as ADP Dealer Services and Reynolds and Reynolds to streamline the F&I process within the DMS to expedite application processing and ensure accurate and validated contracts.

"This integrated solution will help our dealers improve profitability and the overall sales experience by creating a more efficient and smooth funding process," said David Wicks, vice president of sales and marketing for VW Credit.

Wicks also noted successful pilot programs with Audi and Volkswagen dealers using ADP and Reynolds and Reynolds systems in California and Massachusetts showed promising results. He added full dealer rollouts will continue on a state-by-state basis during the next 24 months.

"Open Dealer Exchange is proud to partner with an industry leader like VCI to provide technology solutions that allow the dealer and lender to interact seamlessly within the DMS. There's no need for their dealers to ever leave the DMS in the first place," stressed Steve Luyckx, general manager for Open Dealer Exchange.

"And, with our solutions, a dealer doesn't have to worry about the integration costs associated with third-party portals that go outside their normal workflow," Luyckx added.

Open Dealer Exchange reiterated that it was founded in 2009 as a joint venture between ADP Dealer Services and Reynolds and Reynolds and can integrate a finance source or F&I product provider directly within a dealership's DMS.

"By eliminating the need for dealers to log into multiple systems or re-key data into various applications during a vehicle sale, this innovative process results in increased operational efficiencies, reduced contract errors and a more streamlined process with a lender or provider's franchised dealerships," officials concluded.