New integrations launched this week by iVendi allow dealers to generate price comparison-style motor finance quotes within their core business software.
iVendi CEO James Tew said: “Dealers operate many different pieces of software side-by-side but the vast majority centre activity around their CRM. It’s the engine that makes the dealership run.
“We already know from the high level of activity going through the platform since its launch a couple of months ago that Finance Navigator is a hit with dealers and being able to access it from within the CRM will make it more easily accessible.”
The integrations will enable Finance Navigator to be integrated within any of the most common dealer CRM systems but iVendi’s plan is to soon add the option of a universal, widget-style solution.
“The widget will work with any system, meaning it can be adopted by any dealer within their CRM. Also, it will make for much easier updates – our existing integrations require individual revisions whenever there is any regulatory change.”
James said that Finance Navigator – which has already been adopted by a dozen leading lenders including Admiral Car Finance, Tandem, Marsh, Oodle, and Zopa, alongside dealers such as Big Motoring World – was producing excellent outcomes.
“The platform delivers results from across all participating lenders in each dealer’s panel in under 10 seconds, showing monthly payments, indicative and actual finance rate, likelihood of approval and more. The format used is familiar to anyone who has bought insurance or any other financial product from a price comparison site
“This approach is familiar and appealing to consumers, and integrating it seamlessly into the online car buying process makes absolute sense. It very much puts them in control, providing the means to change deposits and repayment periods for different products to arrive at the best choice for their needs.