Aclaró, which provides disruptive technologies to the automotive, financial and government sectors, has released Aclaró EcoSystem 3.0 (ES 3.0), a game-changing toolset for vehicle purchasers, lenders and dealers, and added a new member to its board. With these announcements, the artificial intelligence software company continues the rapid advancement toward its overarching mission of helping lenders, dealers and consumers develop and nurture longer, mutually beneficial relationships.
Aclaró’s newest board member
Aclaró has appointed auto industry expert Peter Leger as its newest board member. Leger is the founder and CEO of IVSG LLC, a provider of disruptive technology that empowers automotive retailers and original equipment manufacturers (OEMs). He and his team recently launched GlobalConnectPlatform(GCP3) and partnered with PickCloud/Google to distribute the software to the global automotive retail sector.
Leger has extensive leadership and management expertise in the global automotive sector. He was the CEO of Credit Management Solutions, the innovator and pioneer in online credit and automotive loan processing. One of his initiatives while there was Credit Connection, which subsequently was sold to DealerTrack. Preceding CMSI, Leger was president of ADP Dealer Services(aka CDK Global), president and CEO of MSX International and a board member of APAC Customer Services and Outsourcing Solutions.
Aclaró is extremely excited to tap into Leger’s vast insights and expertise from his decades of success in the auto industry. Throughout his career, he has led many growing businesses to a sustainable EBITDA/profitable basis by introducing new innovative technology to the sector. Leger’s voice will be a critical resource as Aclaró continues its impressive pattern of growth.
“I am proud to join the Aclaró board, and I look forward to working with Carlos, the Aclaró team and the other directors as the company builds for the future,” Leger said. “I believe that Aclaró has the innovative technology and know-how to change the way that dealers, lenders and consumers interact in a fully integrated, closed-loop, real-time marketplace that benefits all participating stakeholders. This is an exciting time for Aclaró’s breakthrough artificial intelligence technology, especially in connecting lenders’ pre-approved borrowers with dealers’ real-time inventory.”
Introducing the Aclaró EcoSystem: ES 3.0
ES 3.0 enables lenders to better understand a customer’s propensity to purchase, offers real-time inventory from multiple dealers tailored to a customer’s preferences and helps close vehicle sales and financing faster. The ES 3.0 process begins with Aclaró’s AI learning a borrower’s propensity to buy a vehicle. Then ES 3.0 engages the borrower to come and visit the Aclaró MarketPlace with a customized Call to Action via multiple channels, including email, SMS and Web targeting.
In the MarketPlace, a borrower/consumer can select a list of vehicles to test drive, start the trade-in process and begin the financing process, which uses Nexus Score and Aclaró’s Alternative Data. Through Aclaró’s proprietary algorithms, lenders gain a better sense of the borrower’s cash flow, financial information and their probability of paying back the loan in full.
Throughout the ES 3.0 processes, mutual value is created for lenders, dealers and consumers. Lenders obtain granular financial information about a borrower that is based solely on cash flow. They quickly identify profitable lending opportunities while mitigating default risk. Auto dealers integrate their real-time daily inventory with the Aclaró Marketplace to provide consumers with the vehicles they actually want. Dealers close deals faster with permissioned customer financials. Consumers also obtain many benefits from ES 3.0, including the ability to easily find—and be approved for—the purchase of their next vehicle.
Ultimately, Aclaró ES 3.0 makes life easier and better for lenders, dealers and consumers. It saves significant time, reduces risk, increases sales and makes the auto purchasing process much more pleasant and trustworthy.
After identifying significant pain points in the automotive lending industry, Aclaró is leveraging game-changing technology to assist all stakeholders. With another auto industry board member and the release of the tools in Aclaró ES 3.0, the company will shift the paradigm quickly and permanently.
If you are an auto lender, auto dealer or prospective auto buyer, we encourage you to visit us at http://aclaro-4642182.hs-sites.com/autofinance-participatinglender to learn more about our company, our stellar team and our must-have products.