iVendi and Close Brothers Motor Finance have formed a new strategic partnership to make it easier for dealers to offer consumers motor finance, both online and in the showroom.
Through its Connected Retailing platform, iVendi will deliver key motor finance tools, including a “plug-in” end to end, online motor finance solution for dealer websites and a full showroom point of sale system.
It will allow a pilot group of dealers to significantly enhance their operational processes and buyer experience, while meeting the demands of Consumer Duty regulations.
Darren Sinclair, CCO at iVendi, said: “For a few months, we’ve been talking to Close Brothers Motor Finance about ways we can work together. This pilot, which is one element of a broader series of joint initiatives we’re discussing, is strategically designed to help them increase vehicle and finance sales, and further assist with Consumer Duty compliance among their dealer partners.
“With our Connected Retailing platform, we’re providing our latest technology to allow dealers to construct market-leading motor finance consumer journeys both online and in the showroom, as well as making administration as simple as possible.
“The intention is that this will lead to further projects in the future, and we are already looking at ways that Close Brothers Motor Finance could make use of ground-breaking new products that we have in development.”
John Cassidy, sales managing director at Close Brothers Motor Finance, added: “The technology being provided by iVendi is very impressive. It should help to drive a host of benefits among our pilot dealer partners and do so in a highly compliant, consumer-centric way.
“We’re looking forward to seeing the results from the pilot and to examine new ways of working with iVendi in the future.”