Inovatec Systems, a provider of loan origination and management solutions for lenders, has announced an agreement with Dabadu, a Canadian dealer CRM platform.
This partnership will integrate Inovatec’s Propel portal into Dabadu CRM, a solution that enables auto dealers to manage various aspects of their operations, including “inventory, sales, customer relationships, warranties, and compliance.”
Through this partnership, Canadian auto dealers utilizing Dabadu CRM can submit loan applications into Propel, “accelerating the lending and funding process.”
The integration between the systems is expected to “be completed early this year.”
Propel is a portal that connects dealers and lenders, “enhancing the purchase journey.”
For dealers, it offers branded and unbranded experiences, “improving the buying process and simplifying workflows.”
On the lender side, Propel provides customizability, “ensuring that lender applications within the portal meet their specific needs.”
This tool integrates with various third-party apps and services, “including document management, income verification, and payment acceptance, enabling efficient loan processing for Canadian automotive, power sports, and equipment dealers.”
Vlad Kovacevic, Inovatec’s co-founder and chief executive officer said:
“Both Inovatec and Dabadu possess a customer-centric philosophy that emphasizes great outcomes. By integrating Propel into Dabadu CRM, we can provide substantial benefits to dealers and lenders in terms of quicker decisioning, higher close rates, lower operating costs, and improved customer experiences.”
Based in Kitchener, Ontario, Dabadu is said to be “a frontrunner for automotive software that enables auto dealers to consolidate and improve processes.”
The Dabadu ecosystem mitigates the need for “auto dealers to maintain as many as 15 separate systems, elevating the dealer experience and reducing costs.”
Dealers who use Dabadu have noted a “65% reduction in lead response time, further highlighting the platform’s effectiveness in streamlining operations.”
The company’s suite of apps reportedly covers “all major ends of automotive sales, like customer management, lead generation, data security and KYC, reputation management, and more.”
Dabadu reportedly processes 50,000 credit applications per month, “showcasing its robust capabilities and widespread adoption.”
Pulkit Arora, founder and chief executive officer of Dabadu said:
“Inovatec has redefined how technology can transform lending processes and improve outcomes for all constituencies. There is a shared vision and synergistic philosophy that will make our solution particularly impactful. We are excited to deliver a holistic solution that includes Propel’s advanced functionalities that will create even more efficiencies for auto dealers.”
As noted in the update, Inovatec Systems Corp. is a provider of cloud-based loan origination and “servicing solutions, serving lenders across North America.”
The company’s technologies embed industry best practices and “enable powerful configurability to drive superior outcomes for businesses.”
As mentioned in the announcement, Dabadu is a Canadian software leader revolutionizing “automotive retail by bridging the gaps between dealers, lenders, and OEMs through a comprehensive, tailored toolset.”
More than just software, Dabadu is an ecosystem of solutions “designed to streamline operations and drive growth across the industry.”
