Archive for April 2023
The Importance of Unexpected Assets in Floor Plan Financing: What Lenders Need to Know
For floor plan funders, auditing dealer lots to check the presence of funded assets is the norm. Whether it’s done by a manual, resource-intensive process, or using digital dealer self-auditing, a periodic review of assets is the standard practice. However, the focus is on checking the assets the funder has on funding. But what about…
Read MoreFrom Hacking to Auditing: How Penetration Testing Principles Can Help Improve Your Floorplan Funding
For wholesale risk professionals, business risks appear in various guises. Two processes that can help mitigate these risks are penetration testing and vehicle inventory auditing. While seemingly disparate, these assessments share surprising parallels that are useful in risk management strategy. Identifying Security Weaknesses Penetration testing involves simulating an attack on a computer system or network…
Read MoreDataScan Launches uVerifi, a Revolutionary Digital Auditing Tool for Wholesale Lenders in the USA and Canada
DataScan, the leader in providing solutions for wholesale asset financing and inventory risk management, has partnered with CheckVentory, an innovative software-as-a-service provider, to bring uVerifi, a game-changing digital auditing tool, to the US and Canadian markets. With an exclusive agreement for North America, DataScan will be the go-to provider of this cutting-edge technology. uVerifi is a…
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