Retail Installment Contracts, Disclosures and Supporting Documents Fully Integrated With Dealer Management System
Wolters Kluwer Financial Services announced today it has teamed with ADAM Systems, a provider of dealer management systems to automotive dealers, to deliver its compliant and warranted Bankers Systems® indirect loan documents to the company’s automotive dealership customers. The retail contracts, disclosures and supporting forms are available immediately to ADAM Systems’ customers through their dealer management systems.
“As the regulatory environment continues to expand and become more complex, it’s becoming harder for automotive dealers to stay ahead of changing federal and state regulations”
“Our collaboration with Wolters Kluwer Financial Services provides a tremendous value to our customers,” said Bruce Weaver, President of ADAM Systems. “Dealers are now able to complete and deliver lender approved loan packages directly from their dealer management systems and can print single documents as needed in laser format. This is important to our dealers looking to expand their lender networks. They now can easily work with lenders who prefer receiving Wolters Kluwer Financial Services loan packages.”
The Bankers Systems retail contracts, disclosures and supporting forms offer lenders confidence they are receiving loan packages from dealers that are accurate and meet the federal and 51 U.S. jurisdictions regulatory requirements. The documents are maintained and warranted by Wolters Kluwer Financial Services. The integration also gives dealers’ access to Wolters Kluwer Financial Services’ Lender Acceptance Program, a nationwide directory of lenders using the Bankers Systems retail installment contracts.
“As the regulatory environment continues to expand and become more complex, it’s becoming harder for automotive dealers to stay ahead of changing federal and state regulations,” said Brad Fleener senior director and general manager of Wolters Kluwer Financial Services. “By teaming with ADAM Systems we are able to help more dealers stay ahead of these regulatory changes.”