AppOne, a part of Wolters Kluwer Financial Services, and Infonizer North America, developer of the Dealer Management System (DMS) for Microsoft Dynamics AX, today announced that Infonizer and Microsoft have entered into Memoranda of Understanding to use DocOne, AppOne’s document engine, as the compliant indirect lending document content provider for the DMS solution.
DocOne is the document printing engine and compliance validation tool developed by AppOne, a national provider of Internet-based risk mitigation and financial technology to banks, auto finance companies and independent auto dealers throughout the United States. DocOne makes the finance process easier for dealers by providing data merging and population of compliant forms through a centralized, Web-based delivery source. It offers detailed volume reporting capabilities and client selection of security levels. It also utilizes the only warranted document content in the industry—Wolters Kluwer Financial Services’ compliance content, which is built upon more than 50 years of experience and knowledge behind Wolters Kluwer Financial Services’ Bankers Systems product line.
“As we considered the technology and solutions that should be integrated with Dealer Management System for Microsoft Dynamics AX, DocOne was an ideal fit,” said John Reed, Director of Automotive Retail Solutions at Microsoft. “The DocOne engine eases the finance process for dealers by producing all of the documents required by lenders to close indirect finance transactions.”
“DocOne not only simplifies compliance and finance challenges facing dealers, but it also frees third-party providers from building and maintaining a finance document library,” said Lee Domingue, CEO of AppOne. “Through this relationship, AppOne, Infonizer and Microsoft will bring a complete document preparation solution to the automotive indirect lending industry through the power of the DocOne platform.”
Microsoft and Infonizer will provide demonstrations at the 2008 National Automobile Dealers Association (NADA) Convention & Expo in San Francisco, Feb. 9-12, on the DocOne document printing capabilities being integrated into the DMS for Microsoft Dynamics AX.
About Infonizer
Infonizer is a Danish Microsoft ISV with a competency in Microsoft Dynamics AX. The company develops and distributes software tailored to the needs of automotive dealers and services. The products are exclusively based on Microsoft technologies, specifically Microsoft Dynamics AX, while utilizing a significant portion of the overall Microsoft stack: Microsoft Office, SQL Server, .NET technology, and more. The company is owned by the Nellemann Group (Denmark), which has more than 100 years of automotive industry expertise and over a decade of software development expertise in this industry.
About Microsoft
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
About AppOne
Based in Baton Rouge, La., AppOne, a part of Wolters Kluwer Financial Services, is an Internet-based company offering a technology solution that connects independent auto dealers with lenders. The AppOne system relies on the company’s proprietary scorecard system, which evaluates each independent dealer to determine the level of risk associated with doing business with that dealer. It also automates the funding process for dealers by printing all documents required to complete the booking of auto loans. AppOne provides lenders with a new channel of growth and field representation directly to independent auto dealers nationwide. It offers dealers faster financing options for their customers, support services and additional aftermarket fee-based products. For more information on AppOne, visit www.appone.net.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street®.
Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2006) of € 3.4 billion ($4.3 billion), employs approximately 18,450 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com