Ituran USA GPS-Auto Master Software Improves Buy Here Pay Here Dealer Efficiency

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Ituran GPS (NASDAQ: ITRN) and Auto Master Systems, Inc, two top vendors for buy here, pay here (BHPH) and the special finance marketplace have announced the combined integration of their software, enhancing the ability of clients using both platforms to be compliant and more productivel


FORT LAUDERDALE, Fla. — Two of the nation’s top vendors in the buy here, pay here (BHPH) and special finance industries have announced a seamless integration between the most-advanced GPS Solution on the market & the service provider that has an industry-leading, full-service dealership management system (DMS).


Ituran USA,https://www.ituranusa.com, the international asset-protection, collection and recovery service employing state-of- the-art GPS tracking, and Auto Master Systems, Inc., https://auto-master.com the national DMS provider in the buy here, pay here industry, have announced a complete integration of their systems. All Auto Master clients using Ituran GPS devices and associated software will have the ability to work directly within their DMS systems to issue all commands including payment reminders, starter-interrupt commands, starter-enable commands, vehicle location, and more.


This integration enhances both firms’ ability to create a more productive and effective platform for dealers and finance companies to conduct business and improve customer interactions.


“This integration means our clients now have all the features and functionality that our software provides without ever having to leave their Auto Master DMS,” said Efrat Bogolavsky, Sales, Service and Marketing Director at ITURAN-USA. “This will improve our client’s effectiveness by eliminating double entries and saving them time.”


Providing their customers with prompt and efficient services is of the utmost importance to the dealers’ clients. Auto Master and Ituran’s integration will automate a number of collection services, allowing dealers to set up their unique business rules and disseminate digital commands directly from their DMS.


“The benefits to the dealership and their customers are immediate,” said Bogolavsky. “These automated services free collectors from manually inputting and sending commands to a vehicle. It improves collection efficiency, and adds to the bottom line as cash-flow improves. Customers who want to pay, but need a friendly reminder, are automatically sent notices.”


Ituran has activities in the United States, Canada, Israel, Brazil, and Argentina. Currently serving more than 1.5 million active customers worldwide, it has been globally recognized by providing customers with around-the- clock, live recovery assistance for both emergency and technical support.


Ituran’s Controlit has proven to provide a 95 increase in collateral recovery by decreasing delinquencies and skips, thus improving collection efficiency and increasing asset protection & recovery. Ituran provides in-house, proprietary development of hardware, software, and services designed to meet the specific needs of the BHPH and special finance client.


Mike Downey, vice president of Sales and Marketing at Auto Master, said the integration offers his clients an even more robust system, and will benefit the many mutual clients between ITURAN and Auto Master.


“This integration will also help dealers with legal and regulatory compliance,” Downey said. “These systems will help ensure all of the customers using the devices are treated the same using the automated notifications under the terms of the finance contracts. This is vital given the regulatory scrutiny of the deep subprime marketplace.”


Collections managers and their staffs will benefit most directly from the integration, Bogolavsky said. Managers will be able to pull up all the information they need regarding the ITURAN GPS systems, make changes, updates, issue commands, and track payments all from the Auto Master software.


“Anytime we can add superior functionality to our DMS we move to make that happen,” Downey said. “This is an instance where it makes perfect sense, and we had our developers bring the integration to market in record time.”


“When we learned of the integration with ITURAN we were among the first to sign on,” said Steve Taylor, president of Auto Credit of Southern Illinois, a four-store BHPH chain. “Our managers have said that the integration not only saves time, but has improved collections. It has reduced errors from no longer having to duplicate entries, and it has the added benefit of improving our compliance requirements.”


About ITURAN


ITURAN-USA is an international firm that has been developing and innovating vehicle GPS tracking systems since 1995. The company provides products and services for automotive vehicle tracking, fleet management, and buy here-pay here and vehicle finance companies. Among their array of services ITURAN provides hardware and software for asset protection and recovery as well as vehicle theft recovery. Based in Israel, the U.S. operation is located in Fort Lauderdale, Fla. As the sole provider of location based services to the Israeli Army (IDF) and police (non- combat vehicles), Ituran operates under a zero-failure philosophy.


About Auto Master Systems, Inc.


Auto Master Systems, Inc. has for more than three decades provided buy here, pay here dealers and related finance companies with their dealer management systems software. The DMS provider customizes its products and services to the needs of the customer, as automotive retailers in the deep subprime marketplace have a variety of business models and business practices. An industry leader, Auto Master built the first DMS for J.D. Byrider, was the first DMS to offer plain paper form printing, First to integrate Credit Card and ACH payments, and the first to offer integrated analytics. It has offices in Sweetser, Ind., and Houston, Texas.


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