ARLINGTON, Texas -

Buy-here, pay-here operators who use DealerSocket now have a streamlined path to tools from Agora Data.

On Tuesday, Agora, a Texas-based provider of data, analytics and liquidity solutions for the BHPH industry, announced an integration with DealerSocket’s IDMS web-based dealer management system (DMS).

The companies highlighted this integration will increase dealer visibility into portfolio and loan performance, as well as create access to much-needed capital and cashflow. The addition of DealerSocket further expands the number of Agora integrated DMS partnerships.

“Access to reliable analytics is the difference between success and failure in today’s market,” Agora founder and chief executive officer Steve Burke said in a news release. “Trying to run a business without all of the information is like trying to build a puzzle without knowing what the picture is — it’s possible, but far more difficult.”

AgoraInsights is Agora’s portfolio and loan valuation analytics suite that is designed to empowers BHPH dealers to manage more effectively their most significant asset — their loan portfolio — and confidently manage liquidity negotiations. By combining this technology with DealerSocket’s innovative IDMS, the companies say dealers will now have a more holistic picture and greater control of their business operations.

Historically, dealers have relied on book value guides to buy and sell vehicles. Now, BHPH dealers can leverage AgoraInsights to understand the current value of their contracts. Additionally, they can gain the ability to compare their underwriting strategies with their industry peers through Agora’s benchmarking analytics.

“The partnership with Agora’s Insights platform provides incredible opportunities for our dealers to be empowered to better manage their business. More importantly, they gain access to capital through various finance channels,” DealerSocket vice president of product Jeff McCurry said.

“Agora’s program is one of a kind and is an exciting addition to the IDMS platform,” McCurry added.

For more information, contact Agora Data at (877) 592-4672 or email contactus@agoradata.com.