VW Credit Taps FIS AutoSuite as Finance Solution
JACKSONVILLE, Fla. — FIS recently announced that VW Credit
will deploy FIS' AutoSuite automotive finance solution for its North American
loan and lease processing.
Officials also highlighted VW Credit will deploy FIS'
Default Manager solution for customer service, collections and remarketing, as
well as TouchPoint Sales and Marketer for customer relationship management.
FIS said it supports more than 48 percent of all U.S.
outstanding loan and lease receivables. AutoSuite, a full-spectrum solution for
the automotive finance industry, can enable businesses to adapt quickly to
change by delivering dealer finance, loan origination, integrated loan and
lease servicing and payment services.
The integration between AutoSuite, Default Manager and
TouchPoint can provides end-to-end integration of loan lease receivables,
collections, customer service and customer relationship management
capabilities.
"Volkswagen and VCI are on the move and FIS' AutoSuite has
the scale to support VCI's growing auto finance profile in North America," said
David Slider, president of FIS Automotive Finance Group.
"The AutoSuite solution provides the breadth and depth of
capabilities required to consolidate portfolios, reduce costs and gain
considerable processing efficiencies. FIS' solutions and depth of experience
will support Volkswagen and VCI's growth in North America," Slider continued.
VW Credit president and chief executive officer Andrew
Stuart added, "As VCI embarks on its projected growth plan, creating and
maintaining operational efficiencies will be imperative to providing superior
service to our dealers and end customers and enabling smooth operations.
"The combination of a best-in-class application, proven implementation
capabilities and excellent client references made VCI's selection of FIS an
easy one," Stuart concluded.