Open Dealer Exchange, LLC is a technology leader within the automotive F&I process for bringing together lenders and product providers with their dealership partners by incorporating their offerings directly within a dealership’s dealer management system (DMS). By providing a direct connection into the DMS, Open Dealer Exchange virtually removes the need for the dealer to leave their system-of-record during the F&I process. This innovative process results in increased operational efficiencies, reduced contract errors, and a more streamlined process with a lender or provider’s franchised dealerships. Founded in January 2009, the company is a joint venture between CDK Global LLC, one of the world’s largest providers of business outsourcing solutions, and The Reynolds and Reynolds Company, a leading provider of integrated solutions that helps automotive retailers manage change and improve their profitability. The company was created in an effort to transform the traditional automotive financing model in which dealerships leave their system-of-record during the credit process to a more streamlined model all within the DMS.
Open Dealer Exchange, LLC streamlines the automotive financing process right within the dealership’s workflow, or DMS, providing faster, more efficient solutions for lenders, F&I providers and dealers.Through our two divisions – Lender Services and Provider Exchange Network (PEN) – we enable our customers to deliver innovative solutions for their dealers such as contract data validation, eContracting, accurate web ratings and forms preparation.
27777 Franklin Rd. Suite 1850Southfield, MI firstname.lastname@example.org
at Open Dealer Exchange
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