Dealer business has trebled at Tandem Motor Finance in the six months since it adopted a new iVendi platform.
The move has enabled the Tandem Bank-owned company to increase penetration within its existing dealer base, as well as boost opportunities with other car retailers.
Dave Anderson, sales director at Tandem Motor Finance, said: “Switching to the new iVendi point of sale system has been very successful for us, very quickly, with a sales increase in the region of 300% since we announced this deal in October.
“Working closely with iVendi has allowed dealers who include Tandem in their lending panel to write new business with us more easily and quickly. We’re also extending our reach to ensure more dealers become aware of our fresh approach to a rapidly changing motor finance market.”
Tandem has a longstanding strategy of enabling dealers to meet evolving market conditions through digitisation and a risk-based financing approach. Also, its highly experienced team has also won several industry awards for its commitment to helping customers embrace greener, lower-emission motoring.
Dave said: “Being able to satisfy customer needs quickly and accurately is the key to success for dealers today, we believe, and our partnership with iVendi is delivering increased agility and speed when writing new motor finance deals.
“We’re now able to better help dealers delight car buyers by highlighting the unique points of our proposition while also supporting essential compliance requirements – and those improvements are directly enhancing our sales figures.”
James Tew, CEO at iVendi, said: “We’re delighted to see the results that Tandem are achieving through our new point of sale system. The technology is acting as a springboard to maximise their potential among existing and new dealer customers.
“In the coming months, we plan to fully roll out the platform to a broader market and are eager to see how well it is received. We’re confident that it has strong potential.”
