Broomfield, Colo. and Windsor, Ont. – March 12, 2007 – Oxlo Systems Inc., the operator of the leading Dealer Integration Network, and Chrysler Financial Canada announce an agreement for Oxlo to provide integration services for the new STAR compliant, AutOrigination™. AutOrigination is Chrysler Financial’s contract verification system that electronically submits all documentation necessary for originating an automotive customer contract, expediting vehicle sales with accurate, secure information at the point-of-sale.
“Chrysler Financial’s partnership with Oxlo allows us to successfully roll out AutOrigination to our extended Chrysler, Jeep® and Dodge dealer service provider network,” said Gino Cozza, Managing Director, Chrysler Financial Canada. “Chrysler Financial will utilize the Oxlo integration network for the management of our real-time, industry leading technology AutOrigination. Our technology ensures a positive dealer experience by virtually eliminating contract errors and significantly increasing customer satisfaction through a much more efficient contract process,” added Cozza.
Oxlo will manage dealer system integration, including certification on behalf of Chrysler Financial, as well as manage the on-going network transactions between dealers’ systems and Chrysler Financial’s system. The capabilities provided by the two companies will streamline the loan origination process by pre-populating contract data fields, enabling dealers to work within the familiar environment of their existing software applications, and electronically submitting the documents over a real-time, secure network.
“We’re excited to expand our relationship with Chrysler Financial and continue the momentum of this important program because of the benefits to both dealers and consumers,” said Jim Lejeal, CEO of Oxlo. “This is a great opportunity to speed AutOrigination’s adoption in the market, driving tighter collaboration between Chrysler and it’s point-of-sale,” added Lejeal.
ABOUT CHRYSLER FINANCIAL CANADA.
Chrysler Financial, a business unit of DaimlerChrysler Financial Services Canada Inc., offers a complete line of world-class automotive financial products and services for both retailers and consumers of Chrysler, Jeep® and Dodge vehicles. In addition, Chrysler Financial offers vehicle wholesale and retail financing, capital loans, mortgages and lines of credit to all 450 Chrysler, Jeep and Dodge retailers. 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 Canada visit www.chryslerfinancial.ca.
ABOUT OXLO SYSTEMS INC.
Oxlo Systems Inc., based in Broomfield, Colorado is the operator of the Open Dealer Integration Network (ODIN™) and Open Vehicle Finance Network (OVFN) for the Automotive industry. The Oxlo integration network solutions streamline the shared business processes associated with selling, servicing, and financing vehicles by integrating the software applications of dealers with automakers and lenders. Oxlo solutions enable robust collaboration between dealer system provider software, automaker retail integration systems, and lender finance systems and and acellerate the adoption of STAR standards. The Oxlo networks transact global secure e-business over the Internet for over 1000 dealerships across seven countries.
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