Monday, Sep. 24, 2007, 08:00 PM UPDATED 11:59 AMBy Nick Zulovich
MINNEAPOLIS — Earlier this week, Wolters Kluwer Financial Services announced that Automotive Dealer Resources will expand its product offerings with its preprinted retail sales installment contracts.
Automotive Dealer Resources specializes in providing independent dealers and associations with access to a full array of dealership business forms.
The addition of Wolter Kluwer's contracts to the ADR document library will ensure that dealerships have immediate access to compliant retail contracts in all 51 U.S. jurisdictions, officials explained.
The regulatory environment impacting the motor vehicle industry is constantly changing, and auto dealers have the responsibility to continue to make sure they comply with laws at both the state and federal levels, executives reported.
By working together, Wolters Kluwer Financial Services and ADR plan to help independent dealers ensure they are accurately documenting the financing of automobiles, the companies indicated.
Wolters Kluwer Financial Services' motor vehicle retail sales installment contracts are created and maintained by using the company's compliance content, which is built upon more than 50 years of experience and the knowledge it has gained through its Bankers System product line, officials explained.
"Our goal is to provide our dealers and fellow associations with all the necessary documentation to create a compliant deal jacket," said Nancy Chapman, managing partner of ADR.
"By expanding our product offering to include Wolters Kluwer Financial Services' retail installment contracts, independent dealers can find forms to meet a variety of needs all in one location," she continued.
Meanwhile, Dave Roy, general manager of banking at Wolters Kluwer Financial Services, added "ADR is committed to helping independent auto dealers gain access to compliant forms that grow their business — and Wolters Kluwer Financial Services can help achieve that goal.
He went on to say, "Dealers can be assured that our retail installment contracts are compliant with all state and federal regulations, which ultimately helps them to mitigate risk and receive funding faster."
This announcement comes on the heels of Wolters Kluwer Financial Services recent acquisition of AppOne.
For more information on Wolters Kluwer Financial Services or ADR, visit or , respectively.