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National Press Release

Revolutionizing the Point of Sale Process for VW, Audi and Bentley Dealers

Published 2009-03-20 12:57
By VW Credit, Inc.

HERNDON, Va., March 20 /PRNewswire/ -- VW Credit, Inc. (VCI), recently launched FinanceSource(TM) a partnership between VCI and Dealer Management System (DMS) providers to build applications for faster, more accurate credit application processes for dealers. FinanceSource will create seamless integration between the VCI financing systems and the dealers' DMS systems. By entering customer information into one user-friendly interface, data entry is simplified, reducing administrative paperwork and the possibility for error.

"We are committed to creating innovative solutions to promote ongoing success of our Volkswagen, Audi and Bentley dealers. FinanceSource demonstrates our commitment by streamlining the customer credit application process," said Hans Bremer, VCI general manager of credit and funding. "The result is a win-win: greater efficiency and enhanced usability for the dealers."

VCI is working with Advent to provide dealers with a seamless integration between the VCI financing systems and the Advent DMS system.

"Clearly, the high adoption rate amongst our VW, Audi and Bentley client base indicates that our dealers appreciate that the deployment of this project with VW Credit brings to them faster business process, greater accuracy and improved cash flow," said Steve Probert, operations manager for Advent Resources, Inc. "We have been overwhelmed by the positive feedback by our dealers and we are looking forward to the next phases of this overall strategy."

Credit application integration is the first installment of a suite of solutions to be built and launched via FinanceSource. Contract data validation and the ability to receive, approve and save funding documentation electronically will follow. Ultimately, improved cash flow and faster funding are anticipated results for dealers as they strive to maximize cost efficiency and customer service.

About VW Credit, Inc.

VW Credit, Inc. (VCI), a wholly owned subsidiary of Volkswagen Group of America, Inc. (VWGoA), was founded in 1981 to function as the financial service arm of VWGoA and is affiliated with Audi of America, Inc. and Bentley Motors, Inc. VCI, a captive finance company, services Volkswagen, Audi and Bentley customers, authorized automotive dealers and their affiliated stores as Volkswagen Credit, Audi Financial Services and Bentley Financial Services. The company provides competitive financial products and services to dealers and their customers in the United States.

About Advent Resources, Inc.

Advent Resources Inc. was established in 1988. The Advent High Performance Sales System includes: CRM, Internet lead handling, Vehicle Management, F&I and Desking software. Located in San Pedro, California, Advent employs highly trained technical and industry specialists dedicated to producing quality products and outstanding customer service. Advent serves over 500 clients including some of the largest dealerships in the US and Canada. More information about Advent is available at www.adventresources.com.

SOURCE VW Credit, Inc.



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