ProGuard Warranty announced Nov. 7 that they have formed a professional alliance with OTTOMOTO to bring their lending aggregation and Business Continuity Platform to ProGuard’s base of independent and franchise dealers across the United States. With tight credit markets and interest rates negatively affecting sales, this modernized software enterprise improves access and efficiency to close more deals.

“The traditional lending process is outdated and painful for both the dealer and the consumer,” said Dominic Limongelli, president of ProGuard Warranty. “We are always seeking alliances with companies that can help our dealer partners succeed. OTTOMOTO streamlines every part of retail financing — from credit applications through funding. Through their unique lender verification tool, they guide dealers to the most appropriate lenders for each customer, enhancing the probability of credit approval to close more deals.”

Through the OTTOMOTO platform, dealers of all sizes have access to an array of lenders across the entire credit spectrum. A comprehensive suite of tools helps dealers enhance security, ensure compliance, and improve efficiency. F&I products, including ProGuard protection plans, can be added into financing with one click to further increase revenue. The customer experience is enhanced as well, allowing buyers to complete their credit application or get prequalified anywhere by simply scanning a QR code. Real-time text notifications alert them to any additional requirements needed for approval, improving funding turnaround time and customer satisfaction.

OTTOMOTO is also a compliance tool, eliminating data entry and legibility errors that can lead to FTC Safeguards Rule violations and fines.

 “ProGuard has an excellent reputation for transparency and recognized the value we could bring to their dealers,” said Paul Nicholas’ OTTOMOTTO CEO. “Their timing was excellent as we have enhanced our offering to include the Digital Deal Jacket which further enhances security and compliance. By integrating automated compliance checks and advanced fraud detection we have significantly increased our ability to prevent fraud and protect our clients. Further enriching the customer experience is our top priority and this robust desking tool does so by raising the bar on efficiency.”