March 15, 2013
Car Financial Services Deploys Deal Pack Financial Management System
By Shamila Janakiraman
Car Financial Services (CAR) has deployed the Deal Pack financial management system at its locations in Guam and the Northern Mariana Islands.
This will transition the company’s Asia Pacific operation onto Deal Pack developed by Advanced Business Computers of America, Inc.
Rick Potter, CAR’s president and chief executive officer, said, “Initially, Deal Pack handles CAR's direct and indirect consumer loans and collections. We are automating every aspect of business, and providing new tools and services to our customers. Deal Pack is proven software that offers such versatility. Critical to our decision was Deal Pack’s real-time accounting. No other solution is capable of handling what Deal Pack does.”
Featuring high scalability, Deal Pack suits all types of businesses, including retail, wholesale, BHPH, LHPH, RFC and so on. CAR will now be able to use a single solution to handle all operations and business units.
Deal Pack has automated interactive voice response, payments, financial reporting and other tasks covering all business aspects of CAR.
CAR serves the needs of independent automotive dealers and automotive sub-prime financial organizations in 47 states in the U.S. Deal Pack will help the organization to streamline its operations and increase transparency cost effectively.
Customers will benefit greatly from these value-added services.
Shad Hedy, chairman and president of ABCoA remarked, “It is our pleasure to provide CAR Financial the solution they needed to prosper, and we appreciate the opportunity to earn their trust.”
Businesses using ABCoA’s software are prospering, added Hedy, owing to the operators’ focus on the subprime finance business model fundamentals.
In related news, ABCoA’s founder and chairman patented a revolutionary process of data aggregation in 2005 to deliver accurate vehicle valuation and market insight. He established BookItOut, Inc. (BIO), which developed a consumer-centric website utilizing Amazon’s cloud-computing technology, with the goal of creating the largest and most affordable vehicle listing website on the Web.
Edited by Braden Becker