The Power of Effective Communication: 10 Tips for Successful Dealer Self-Auditing Programme Implementation

Implementing a dealer self-auditing programme can bring significant benefits to both lenders and dealerships. However, clear and consistent communication is vital to ensure a smooth and successful implementation. This article focuses on the crucial role of effective communication strategies when deploying a dealer self-auditing programme. By understanding the importance of communication and adopting best practices,…

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From Hacking to Auditing: How Penetration Testing Principles Can Help Improve Your Floorplan Funding

From 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…

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DataScan Launches uVerifi, a Revolutionary Digital Auditing Tool for Wholesale Lenders in the USA and Canada

CheckVentory partners with DataScan

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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Why CROs are Embracing Digital Auditing Tools: A Look at the Benefits of Digital Inventory Auditing

For those responsible for risk management, one of the primary responsibilities is to identify, assess, and manage the risks to which the bank is exposed. This includes ensuring that the bank’s overall risk management strategy is aligned with the bank’s business objectives and regulatory requirements. For automotive floorplan funders, having accurate inventory information is key,…

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How to Deploy a Dealer Self-auditing Program: Best Practice for Funders

How to Deploy a Dealer Self-auditing Program

Funders wishing to deploy a dealer self-auditing program should do so with the knowledge that there are substantial benefits to be gained by their dealer group partners, as well as by their own organisations.  However, change will always bring objections, no matter how unfounded or trivial, and it is incumbent on the funder to overcome…

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Are Your Risk Management Policies Sufficiently Refined?

floorplan funding risk

Do you have the detailed information you need to make the right decisions? Floorplan finance is commonly used in the automotive industry by dealers to purchase inventory. However, there can be a fair amount of risk for floorplan finance lenders since they don’t have complete control over the vehicles on which the loan is secured.…

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Wholesale Funders: Improve Your ESG Credentials and Reduce Your Carbon Footprint

carbon footprint

As a responsible and forward-thinking automotive financing company, you will be looking for ways to reduce your carbon footprint and improve your ESG credentials. You may already have some initiatives in place, such as recycling or using green energy, but there is potentially more that you can do. This article will discuss opportunities for funders…

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