Knowledge Center - Inovatec Systems

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Survey: 80% of Automotive Dealerships Report Partnering with Fewer…
August 12, 2020

Inovatec Systems Corp. announced today the results of its latest survey, where dealers reported partnering with fewer than twenty lenders to finance automotive loans, highlighting a competitive financial marketplace for lenders. The data sheds lig...

What Makes Lenders Consider a New LOS System?
August 6, 2020

Changing out your decades old LOS/LMS system is inevitable and, given the acceleration to a Digital First world, now is the perfect time to start planning for it. QUESTION: Would You Still Be Using a Cell phone from the 90s? Many Auto Lenders are ...

Lenders Must Pivot Their Online Strategies for More Successful…

For quite some time, banks, credit unions, lenders, and even automotive dealers themselves have been discussing the need for more consumer-facing online shopping and borrowing options. Considering the current pandemic landscape we are all facing, ...

Inovatec Announces Partnership with Wisconsin Consumer Credit
July 10, 2020

Inovatec announced its strategic partnership with Wisconsin Consumer Credit, a leader in automotive finance. Wisconsin Consumer Credit will integrate Inovatec’s end-to-end solution into its lending services, rental payments, and debt collection ...

Inovatec Announces Partnership with REPAY
June 4, 2020

Inovatec announced its partnership with Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions. As the proprietary payment platform of choice for Inovatec, REPAY will enable lenders a...

5-Point Recession Recovery Checklist
May 20, 2020

The auto loan industry in North America has seen a reduction of between 40% and 70% of loan origination volume, making it one of the hardest hit by the global Covid19 pandemic.  In preparing this framework we combined two methods. First we lo...

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