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Wednesday, November 17, 2010

Dealer Software for Credit Applications

This was supposed to be an easy blog since it is pretty informal and I did not plan to care for SEO. I still cannot find the time to post. The amount of time I have is ridiculous. I knew that starting a company would be hard but it is much harder than I thought. If I were a server, my load would be 60 (the average number of tasks waiting to be done at any given second).

Well, the good news is that there is progress. We are chugging along. We are going to be doing our first hire for sale/support position and we are pretty excited about it. I just did the release for our marketing partner that added some info to their system. Not only it is a system that I was not familiar with but also it is in ASP.NET - a language that limits my programming abilities significantly. Sure, it is possible to do anything that I normally do with PHP but it is just so difficult - ASP.NET designers have this idea of how programming should be done and they try to put you in that frame.

The original authors of the system obeyed their directives, so I followed the suit. But probably there will be many changes later on. I am hoping that I can get that system in a better shape someday. Our integration will bring a powerful combination: dealers submitting credit apps to lenders at the same time. This may not sound like a big deal for million dollar franchised dealers out there but for independent used car dealerships, it is a huge deal. That's the number one question you would see on cardealerforums.com - how do I get financing for my customers?

Not only we will be making this possible, but also they will be getting participation profits. Participation is also known as reserves. They are a very attractive part of dealer profits. A few DMS companies (reyrey, ADP, finance express, dealer track, route1, etc) already do this but there is no complete solution for small dealers. We will be providing that. So, that's what I'm going to be working on next (along with generic credit application form and CUDL Auto smart inventory distribution - so many things to do, so little time).

Carsinia dealer software

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