BROOMFIELD, Colo. and FARMINGTON HILLS, Mich., Jan. 22 /PRNewswire/ -- Oxlo Systems Inc., the operator of the leading Dealer Integration Network, and Chrysler Financial announce an agreement for Oxlo to provide Chrysler Financial with integration services for their, new STAR compliant, AutOrigination(TM) to dealer system providers (DSP), such as DMS and F&I application vendors. AutOrigination is Chrysler Financial's contract verification system that electronically submits all documentation necessary for originating an automotive customer contract, so it is accurate at the point-of-sale.
"Oxlo's integration services provided a path for rolling out AutOrigination to our extended Chrysler, Jeep(R) and Dodge dealer service provider network," said Kelly Mankin, Vice President -- Chrysler Brands Marketing for DaimlerChrysler Financial Services. "Chrysler Financial will leverage the Oxlo integration network for the management of our real-time, industry leading technology AutOrigination. Our technology validates 250 points per contract ensuring a positive dealer experience by virtually eliminating contract errors and significantly increasing customer satisfaction in the F&I office," added Mankin.
Oxlo will manage dealer system integration, including certification on behalf of Chrysler Financial, as well as manage the on-going network transactions between a portion of dealers' systems and Chrysler Financial's technology system. Providing integration of AutOrigination into the existing dealer applications will streamline the loan origination process by directly populating required data fields, enabling dealers to work within the familiar environment of their existing software applications, and electronically submitting the documents over a real-time network.
"Our keen focus on business process integration has enabled Oxlo to deliver on its mission of improving operations for both dealers and their business partners," said Jim Lejeal, CEO of Oxlo Systems. "Winning Chrysler Financial's confidence to play a key role in helping to bring AutOrigination to their extended dealer service provider network is another step toward that vision," added Lejeal.
The agreement with Chrysler Financial represents, not only a new integrated business process, but also a new business partner joining the Oxlo network.
ABOUT CHRYSLER FINANCIAL
Chrysler Financial offers a complete line of world-class automotive financial products and services for both dealers and consumers of Chrysler, Jeep and Dodge vehicles. In addition to offering vehicle wholesale and retail financing to more than 2,400 Chrysler, Jeep and Dodge dealers, Chrysler Financial also provides fleet management and lines of credit to dealers. As an industry leader in automotive financing, Chrysler Financial provides its customers with the most innovative and efficient methods of doing business. For more information on Chrysler Financial visit www.chryslerfinancial.com.
ABOUT OXLO SYSTEMS
Oxlo Systems Inc., based in Broomfield, Colorado is the operator of the leading Dealer Integration Network. Oxlo's network streamlines the shared business processes associated with selling, servicing, and financing vehicles by integrating the software applications of dealers and automakers, as well as other dealer partners such as lenders. The Oxlo solution enables tighter collaboration between business partners resulting in superior retail performance. Oxlo's growing network currently includes 5 automakers, 25 dealer system providers representing almost 5,000 dealerships, and a financial network with over 100 lenders. For more information, please visit www.oxlo.com. For perspective on emerging trends and issues affecting the market, visit Oxlo Observer at http://oxlo-observer.typepad.com.