iVendi makes adopting latest motor retail technology easy for even the largest businesses  

Main image credit: 

Main image credit: Russell White, Vice President strategic partnerships, iVendi

Major businesses including banks, motor finance providers, media companies and large dealer groups are the target of a new product being launched by iVendi. 

Connect is a comprehensive suite of application programming interfaces (APIs) that enables these enterprise level firms to easily and effectively integrate market-leading motor retail tools into their established systems. 

Russell White, vice president of strategic partnerships at iVendi, said: “Enterprise level businesses of this type require a flexible and customisable solution that aligns perfectly with their existing infrastructure, and this is exactly what we can now deliver. Connect means we become the seamlessly-integrated back office that complements the front end user experience they have carefully developed over time to maintain and reflect their unique brand identity. 

“Crucially, it enables them to easily work with a wider range of dealers and other vehicle retailers, something that may have been previously difficult due to a range of technical and practical barriers.” 

iVendi’s advanced finance tools, made available through the APIs, include real-time quotes, monthly payment calculations, and finance eligibility checks – all providing customers with the information to make informed decisions quickly and easily. 

Businesses can provide options including the ability to deliver real-time application status updates, submit both individual and corporate finance applications, and offer payment search to show monthly prices on vehicle search results. 

The product also incorporates iVendi’s comprehensive Consumer Duty process which covers all points from initial finance quote through to final application submission, with data including lender product content, lender product understanding questions, lender privacy policies and finance product understanding questions. 

A further key API is a universal quoting tool, launched earlier this year, which aims to provide a simplified and consistent customer process delivered on an international basis for businesses such as motor manufacturers and pan-European lenders.

Russell said: “Whether you're looking to provide real-time finance quotes or streamline the loan application process, Connect empowers you to enhance your offering with cutting edge technology that is proven to drive conversion and consumer satisfaction rates.  

“Your customers will have a clear understanding of their financial commitments, enabling them to make choices that align perfectly with their budget and preferences. It’s all about giving them the tools they need to make informed decisions effortlessly. 

“The universal quoting tool is a good example of this approach, providing finance quoting across any number of territories for businesses that operate internationally.” 

iVendi already works with a wide range of enterprise level clients and a key feature of Connect is the ease with which the technology can be adopted by businesses of this scale. 

“Over the last decade, we have gained a huge amount of experience in working with everyone from multi-national banks to market-leading media companies. The new API suite incorporates all of that knowledge and crucially, can be implemented much more quickly than previously. 

“Instead of creating specialist interfaces for each new client, something that requires time and resources, Connect allows us to work much more quickly but equally effectively. We can now put solutions in place in just a few months, even for the very largest companies operating on an international basis.”

1. Allow the customer to search for stock to find the vehicle that meets their needs. 
2. Let them use payment search to show monthly prices on search results. 
3. Enable the retrieving of quotes for terms, deposits, and mileage. 
4. See the suitability for finance options without conducting a hard credit search with instant finance checks. 
5. Submit vehicle finance applications, saving time and effort.  
6. Retrieve lender-specific product information and suitability questions. 

Founded in 2009, iVendi is the market leader in connected motor retail technology, creating digital products that help customers to buy vehicles and dealers to sell them more efficiently, both on online and in the showroom. Our technology interacts with around five million consumers every month and thousands of motor retailers, manufacturers and finance providers. iVendi is based in Colwyn Bay, Wales. 

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