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In today’s fast-paced financial world, the need for comprehensive, efficient solutions for managing dealer commercial lending has never been more critical. With over 30 years of experience in the industry, DataScan has had a front-row seat to the evolving complexities financial institutions face—especially the inefficiencies stemming from siloed systems not designed to handle the nuances of dealer commercial lending. Responding to this industry-wide challenge, DataScan introduced DataScan360, a transformative suite of solutions for dealer commercial lenders with an emphasis on floor planning.
At the core of DataScan360 is a commitment to close critical gaps in dealer commercial lending operations through a fully integrated, end-to-end solution. This product suite integrates data-driven capabilities, allowing lenders to manage all phases of the lending process, from origination to audit and risk management.
Brian Koprowski, CEO of DataScan, emphasizes the uniqueness of this offering: “We have identified several tools that we wanted to add to our suite of products. This results in DataScan360 being the only end-to-end product suite in the industry that allows comprehensive access and addresses all phases of the dealer commercial lending process.”
Key Components of DataScan360
In a revealing interview with Auto Finance News, Koprowski elaborated on the innovation behind DataScan360, highlighting several key components designed to transform lending to dealers. These include:
- DataCision: a pioneering credit underwriting solution tailored specifically to handle the complexities of dealers.
- RiskGauge: a digital and on-demand inventory risk management solution.
- Wholesale Intelligence: a robust wholesale servicing and accounting solution with a self-service dealer portal to help manage a dealer’s floorplan.
Together, these products form DataScan360, a unified solution suite that enhances transaction efficiencies and allows lending institutions to manage both internal workflows and external dealer partnerships with unprecedented clarity and control.
Innovative Data Connectivity
One of the standout features of DataScan360 is its leading-edge data connectivity capabilities. The product suite integrates data from multiple sources—client-provided, third-party, and dealer-supplied—offering lenders a holistic view of the dealer commercial lending landscape. This enables companies to manage the entire loan lifecycle within a single, secure product suite, simplifying operations and enhancing risk management.
Koprowski further explained that the product suite’s implementation strategy focuses on individual installations and seamless system integrations, ensuring that all components of DataScan360 are cohesively integrated to meet the dynamic needs of both lenders and dealers.
Shaping the Future of Dealer Commercial Lending
DataScan stands at the forefront of the industry’s next chapter —DataScan360 is positioned to revolutionize the dealer commercial lending industry. By addressing operational inefficiencies, managing risk, and enabling streamlined data integration, the product suite empowers financial institutions to stay ahead in an increasingly complex environment with precision and confidence.
Regardless of the asset type – automotive, power sport, recreation vehicle or a wide range of equipment – DataScan360 is not just meeting the demands of today’s commercial lending landscape—it is setting the standard for the future, demonstrating DataScan’s dedication to transforming the way dealer commercial lenders operate.
About DataScan
Headquartered in Alpharetta, Georgia, DataScan stands at the forefront of delivering cutting-edge wholesale asset financing and inventory risk management solutions. Our commitment lies in empowering lenders to efficiently oversee their operations and manage risk through our technologies, knowledge, and expertise.
For more information about our DataScan, please email us at [email protected] or visit us at www.onedatascan.com.
