Our information systems set us apart from the competition because they are the best. Built on more than 25 years of experience, sales of more than 1 million cars, and origination of more than seven billion dollars of retail installment contracts, our proprietary Discover™ Software System fully integrates and automates information gathering from all aspects of the business, including outside sources such as banks and credit bureaus. Data is collected into a centralized warehouse facility where it is verified, sorted, and transmitted to our franchisees as a set of useful management tools and reports.
Discover™ manages every aspect of your business, including accounting, sales, customer relations management, underwriting, service department management, collections management, comparative national car buying reports, overhead cost management, and more. The Automated Risk Evaluator (A.R.E) tool is built into the underwriting module and helps you make accurate, on-the-spot underwriting decisions to improve the performance of your portfolio of contacts.
Byrider contract portfolios average 25 percent charge-off rates (top performance in industry¹). This can equate to hundreds of thousands of dollars per year for each store in extra collections using Discover™ over other used car and finance options. A.R.E. helps you to identify the most profitable potential sales to pursue in your used car franchise.
¹Calculated from industry bad debts data collected and provided by Shilson, Goldberg, Cheung and Associates/Subprime Analytics presented at the 2011 NABD Annual Conference.