Monday, Feb. 11, 2008, 07:00 PM UPDATED 11:59 AMBy Nick Zulovich
BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, and Infonizer North America, developer of the DMS for Microsoft Dynamics AX, recently announced that Infonizer and Microsoft have entered into Memoranda of Understanding to use DocOne, AppOne's document engine, as the compliant indirect lending document content provider for the DMS solution.
Officials explained that DocOne is a document printing engine and compliance validation tool developed by AppOne.
DocOne can make the finance process easier for dealers by providing data merging and population of compliant forms through a centralized, Web-based delivery source. It offers detailed volume reporting capabilities and client selection of security levels, according to the companies.
"It also utilizes the only warranted document content in the industry — Wolters Kluwer Financial Services' compliance content, which is built upon more than 50 years of experience and knowledge behind Wolters Kluwer Financial Services' Bankers Systems product line," executives highlighted.
John Reed, director of Automotive Retail Solutions at Microsoft, explained, "As we considered the technology and solutions that should be integrated with Dealer Management System for Microsoft Dynamics AX, DocOne was an ideal fit. The DocOne engine eases the finance process for dealers by producing all of the documents required by lenders to close indirect finance transactions."
Lee Domingue, chief executive officer of AppOne, added, "DocOne not only simplifies compliance and finance challenges facing dealers, but it also frees third-party providers from building and maintaining a finance document library.
"Through this relationship, AppOne, Infonizer and Microsoft will bring a complete document preparation solution to the automotive indirect lending industry through the power of the DocOne platform," he continued.
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