Latest news with #Inovatec
Associated Press
02-04-2025
- Automotive
- Associated Press
Evergreen Bank and FreedomRoad Financial Implement Inovatec's Dealer Portal and LOS to Automate Loan Origination Workflows
Cloud-Based Platforms Enhance Dealer Efficiencies and Lower Costs VANCOUVER, BC / ACCESS Newswire Inovatec Systems, a leading provider of cloud-based software solutions for lenders, has deployed its Dealer Portal and LOS platforms for power sports equipment lender Evergreen Bank Group, and its loan production centers, FreedomRoad Financial and Performance Finance. The comprehensive system supports Evergreen's power sports lending activities by offering dealers a user-friendly portal to submit loan applications for immediate processing and decisioning. 'We are very pleased with the ingenuity and simplicity of Inovatec's technology, which allows our dealers to confidently book deals in a fast and efficient manner,' said Darin Campbell, chief executive officer of Evergreen Bank. 'The ability to improve dealer experiences is vitally important to us. We know they have multiple options to finance power sports purchases and want to receive approvals and funding as quickly and seamlessly as possible. We are confident that the convenience of Inovatec's solution will make financing through both Evergreen Bank and our power sports lending divisions much easier for our dealers and their consumers, resulting in increased revenue and happier customers.' Based in Oak Brook, Illinois, Evergreen Bank Group is a full-service financial institution with over $1.4 billion in assets. The bank owns and operates FreedomRoad Financial and Performance Finance, both national power sports lending divisions that provide retail financing solutions for the purchase of motorcycles, ATVs, snowmobiles, and other power sports products. Inovatec's Dealer Portal is a state-of-the-art, user-friendly solution that streamlines all aspects of the loan application process for dealers, resulting in a fast and efficient tool to book sales and enhance client satisfaction. The Portal is integrated into existing digital channels, and through intuitive drag-and-drop functionalities, allows customizing web forms to project a seamless brand experience for clients. The Portal also integrates with third party document management, credit bureaus and other services that are designed to further improve lending activity. Inovatec's market-proven LOS is a cloud-based system that automates cumbersome workflows like application scoring, decisioning and reporting requirements. When combining the Inovatec Dealer Portal and LOS, lenders can leverage a comprehensive platform that can help them succeed in a fast-changing market. 'Pairing the Inovatec Dealer Portal with the LOS creates a compelling solution for financial institutions to automate their loan application processes and accelerate sales activity,' said Samuel Heath, Inovatec's chief revenue officer. 'We are especially proud that Evergreen Bank and its loan production companies, which distinguish themselves by creating superior experiences for dealers and clients, have elected to use Inovatec technology to support their power sports lending activities. We fully expect that these organizations will be pleased with the speed and accuracy that our solutions provide.' About Inovatec Systems Inovatec Systems Corp. is a leading provider of cloud-based loan origination, decisioning and servicing solutions, serving lenders across North America. The company's innovative technologies enhance business outcomes by improving efficiency, accuracy, and client satisfaction. For more information, visit About Evergreen Bank Founded in 2007 and headquartered in Oak Brook, IL, Evergreen Bank Group is a leading tech-savvy community bank serving the greater Chicago area and beyond. In addition to its retail and commercial banking services, Evergreen is a national leader in niche lending markets, including collector car, power sports, and manufactured housing loans. With a focus on delivering exceptional customer experiences through innovative digital platforms, Evergreen is redefining community banking for the modern era. Media Contact: Glenn Goldberg Parallel Communications Group, Inc.
Yahoo
26-03-2025
- Automotive
- Yahoo
Inovatec to Showcase Market-Leading Automated Leasing Solutions at NVLA Annual Conference
Company will Demonstrate how the Inovatec Portal, LOS, and LMS Streamline Workflows and Improve Leasing VANCOUVER, BC / / March 26, 2025 / Inovatec Systems, a leading provider of cloud-based software solutions for financing providers, will present its market-proven automated lending and leasing capabilities at the 2025 National Vehicle Leasing Association (NVLA) Annual Conference April 9-10 in Clearwater Beach, Florida. Inovatec is a Gold sponsor of the conference. Inovatec is recognized throughout the industry for its innovative, cloud-based application processing, loan and lease origination, and servicing solutions, and has earned the trust of leasing companies, banks, credit unions, OEMS, and other lenders throughout the United States and Canada. Its portfolio enables financing companies to automate workflows, accelerate decisioning and processing, reduce errors, improve dealer and consumer experiences, and lower operating costs. Inovatec's platforms also integrate with third-party applications, such as income verification, fraud detection, and embedded payment applications, delivering substantial value to its clients. Highlighting Inovatec's participation at NVLA will be a presentation from Head of Product Strategy and Design Blake Henke. His session, "Solving the Automation Equation," will demonstrate how Inovatec's technology can automate specific leasing workflows and expedite application processing, decisioning, and reporting requirements. The session is scheduled for April 10 at 10:00 a.m. "We are looking forward to participating in this year's NVLA Conference and demonstrating why our solutions are perfectly positioned to help our clients grow their volumes by improving efficiency and mitigating human error," said Brendon Aleski, Inovatec's U.S. Sales Director. "Vehicle leasing is a highly competitive arena, and any delays in the approval process can impact dealer relationships and result in lost revenue. Our offerings enable leasing companies and other lenders to provide the experience and outcomes that their dealers and clients expect." For information on how Inovatec's LOS and Portal and LMS capabilities can deliver multiple benefits to vehicle financing companies. visit About Inovatec Systems Inovatec Systems Corp. is a leading provider of cloud-based loan and lease origination, servicing and management solutions serving lenders across North America. The company's innovative technologies enhance business outcomes by improving efficiency, accuracy, and client satisfaction. For more information, visit # # # PR Contacts: marketing@ Glenn GoldbergParallel Communications Group516-776-3282ggoldberg@ @Parallel_PRLinkedIn SOURCE: Inovatec Systems View the original press release on ACCESS Newswire
Associated Press
10-02-2025
- Automotive
- Associated Press
Inovatec Signs Partnership Agreement with Dabadu to Integrate Propel Portal into Dabadu CRM Platform
End-to-End Approach Will Streamline Dealer Processes and Accelerate Automobile Lending Activity BURNABY, BC / ACCESS Newswire / February 10, 2025 / Inovatec Systems, a leading provider of loan origination and management solutions for lenders, has announced an agreement with Dabadu, a Canadian state-of-the-art dealer CRM platform. This partnership will integrate Inovatec's Propel portal into Dabadu CRM, an innovative solution that enables automobile dealers to manage all aspects of their operations, including inventory, sales, customer relationships, warranties, and compliance. Through this partnership, Canadian auto dealers utilizing Dabadu CRM can submit loan applications seamlessly into Propel, accelerating the lending and funding process. The integration between the two systems is expected to be completed early this year. Propel is an innovative portal that connects dealers and lenders, enhancing the purchase journey. For dealers, it offers both branded and unbranded experiences, improving the buying process and simplifying workflows. On the lender side, Propel provides extensive customizability, ensuring that lender applications within the portal meet their specific needs. This comprehensive tool integrates with various third-party applications and services, including document management, income verification, and payment acceptance, enabling efficient loan processing for Canadian automotive, power sports, and equipment dealers. 'We are delighted to create this partnership with Dabadu, which has built a loyal following for its compelling and innovative dealer platform,' said Vlad Kovacevic, Inovatec's co-founder and chief executive officer. 'Both Inovatec and Dabadu possess a customer-centric philosophy that emphasizes great outcomes. By integrating Propel into Dabadu CRM, we can provide substantial benefits to dealers and lenders in terms of quicker decisioning, higher close rates, lower operating costs, and improved customer experiences.' Based in Kitchener, Ontario, Dabadu is a frontrunner for innovative automotive software that enables auto dealers to consolidate and improve processes. The Dabadu ecosystem mitigates the need for auto dealers to maintain as many as 15 separate systems, elevating the dealer experience and reducing costs. Dealers who use Dabadu have noted a 65% reduction in lead response time, further highlighting the platform's effectiveness in streamlining operations. The company's suite of applications covers all major ends of automotive sales, like customer management, lead generation, data security and KYC, reputation management, and more. Dabadu processes 50,000 credit applications per month, showcasing its robust capabilities and widespread adoption. 'Inovatec has redefined how technology can transform lending processes and improve outcomes for all constituencies,' explained Pulkit Arora, founder and chief executive officer of Dabadu. 'There is a shared vision and synergistic philosophy that will make our solution particularly impactful. We are excited to deliver a holistic solution that includes Propel's advanced functionalities that will create even more efficiencies for auto dealers.' About Inovatec Systems Inovatec Systems Corp. is a leading provider of cloud-based loan origination and servicing solutions, serving lenders across North America. The company's innovative technologies embed industry best practices and enable powerful configurability to drive superior outcomes for businesses. For more information on how Inovatec's LOS and LMS solutions can deliver multiple benefits to automotive lenders, visit Dabadu is a Canadian software leader revolutionizing automotive retail by bridging the gaps between dealers, lenders, and OEMs through a comprehensive, tailored toolset. More than just software, Dabadu is an ecosystem of powerful solutions designed to streamline operations and drive growth across the industry. For more information on how Dabadu ensures direct, secure integrations for financing applications and simplifies the approval process for both dealers and lenders, visit # # # PR Contact: 516-705-6116 𝕏: @Parallel_PR
