MINNEAPOLIS — Wolters Kluwer Financial Services said its electronic retail sales installment contracts and documents will be integrated with Supreme Software’s finance and insurance (F&I) system, called The Dealership Tracker.
Additionally, Supreme Software will provide its dealer clients access to Wolters Kluwer Financial Services’ Red Flags Tool Kit, which will help them build and implement identity theft prevention programs to comply with the Federal Trade Commission’s (FTC) Red Flag Rules.
Wolters Kluwer Financial Services’ contracts, which are used to originate financing of new or used automobiles, RVs and boats, are maintained by the company’s compliance experts who monitor legislative and regulatory changes affecting the indirect finance industry in all 51 U.S. jurisdictions. Under the new agreement, Supreme Software can provide its 1,200 dealer customers with access to these contracts, as well as Wolters Kluwer Financial Services’ Red Flags Tool Kit, which includes checklists, printable forms and templates that help record and report Red Flags according to the FTC requirements.
“Our goal is to help dealers calculate finance transactions and access all of the documents they need to serve their customers and close more sales,” said Terry Adelman, CEO at Supreme Software. “Wolters Kluwer Financial Services provides a critical component by helping ensure the financial terms for each sale are documented accurately. This is very beneficial to RV and marine dealers that need to print plain paper contracts. Our agreement with Wolters Kluwer Financial Services will now enable those dealers to use our system to print plain paper contracts and documents along with other direct integration options built into our system.”
“Supreme Software offers yet another venue where dealers from various lines of business can access Wolters Kluwer Financial Services’ compliance content,” said Kevin Kopp, senior director and general manager of indirect lending for Wolters Kluwer Financial Services. “Our contracts and Red Flags Tool Kit help ease the burden of compliance at the dealership level, which allows dealers to focus on their sales business.”
Available in preprinted and electronic format, the retail sales installment contracts are protected by Wolters Kluwer Financial Services’ limited compliance warranty. For more information about the company’s Indirect Lending solutions, visit www.wolterskluwerfs.com/IndirectLending.
