For funders
What is CheckVentory PreCheck?
CheckVentory PreCheck is a pre-funding validation layer for wholesale floorplan finance. It sits in front of a funder’s existing floorplan system, checks every vehicle, document and request against that funder’s own rules, and gives dealers a self-service portal to manage their floorplan 24/7.
What is pre-funding validation?
Pre-funding validation means checking that a vehicle, its documents and the requested loan meet the lender’s criteria before funding is released, rather than chasing documents and fixing problems after the money has gone out.
Is this the same as stocking finance?
Yes. Floorplan finance (Ireland and North America) and stocking finance or a stocking plan (UK) are the same product with different names. PreCheck works the same way for both.
Does PreCheck replace our floorplan or wholesale finance system?
No. PreCheck sits in front of your existing wholesale finance system, whether it’s a commercial platform or one you built in-house. Your system remains the book of record; PreCheck controls what goes into it.
What rules can we set?
You can set limits on vehicle age, value, mileage, loan-to-value, asset type and condition, at four levels: organisation, product, dealer and asset type. A request must pass all four.
How does PreCheck check documents?
PreCheck uses AI document reading to pull the VIN, registration, make and price from each uploaded document and match them to the funding request. Each extracted field shows a confidence score, so reviewers can see what needs a second look.
Can we fund before all documents arrive?
Yes, if your policy allows it. You set which documents are due before funding and which have a grace period. If a document isn’t delivered by the deadline, funding reverses automatically.
Can our dealers see the PreCheck name?
No, unless you want them to. The dealer portal is white-labelled with your brand.
Which markets does PreCheck support?
PreCheck is used in Ireland and the UK and can be configured for other markets, including North America, with local currencies, units and vehicle data sources.
Where does the vehicle data come from?
PreCheck checks vehicles through Cartell, DVLA, HPI and other third-party integrations, plus CheckVentory’s own market valuation.
How is our data secured?
PreCheck is certified to ISO 9001 and ISO 27001 and hosted on Microsoft Azure in the EU, with failover to a second EU data centre. Each funder’s data is kept separate, and the audit record can’t be edited after the fact.
How is PreCheck priced?
PreCheck is licensed annually, based on the number of dealerships, users and asset checks per year. Hosting, support and upgrades are included.
How does PreCheck work with CheckVentory Auditor?
PreCheck checks an asset before it’s funded; Auditor confirms it’s still there and in the condition expected while it’s on funding. Together they cover an asset from the first request to settlement.
For dealers
What is PreCheck for dealers?
PreCheck is an online portal, provided by your funder, where you can put vehicles on floorplan funding, take them off and settle them at any time, with your funder’s rules checked before you submit.
Do I have to pay for PreCheck?
No. Your funder licenses PreCheck and gives your team access.
How long does it take to add a vehicle?
A few minutes. Enter the registration or VIN and the vehicle details fill in; you add mileage, prices and documents.
Why was my request rejected?
PreCheck tells you which part didn’t meet your funder’s criteria: the vehicle details, the finance amount or a document. Fix that part and resubmit.
Can I manage more than one site?
Yes. One login covers all your sites and their stock on funding.