BMW Group Financial Services Takes on Third Partner to Extend DMS Penetration

Integration of Advent Resources Furthers Mobility Efforts for BMW Dealers in California

Advent’s DMS System Will Support 10 Percent More BMW Retailers Nationwide --

Provides Additional Cost-Efficiencies and Dealer Profit through Paperless Process

Woodcliff Lake, NJ, May 23, 2011 – While furthering its goal of increased mobility and efficiency for its dealer clients, BMW Group Financial Services has announced that California-based Advent Resources, Inc., will be the third DMS integration system company to partner with the brand, helping the Group maintain a consistent solution within its dealer management system.  The new collaboration, which will initially launch in California today, will utilize the company’s successful paperless eContracting and contract validation systems.  It is expected that by year-end, the approximate 10 percent of BMW retailers in North America currently aligning with Advent, will also be on board with the program.

“Our goal is to make things as efficient as possible for our dealers,” said Shaun Bugbee, vice president of sales and marketing for BMW Group Financial Services.  “By offering our dealers an opportunity to integrate with a DMS system they are already using, we can eliminate a learning curve and foster easier communication channels, while we broaden our penetration within the marketplace,” continued Bugbee.  “It’s a winning proposition for all.”

According to Bugbee, by adding Advent as a partner, the company further extends its strategic footprints, thus addressing flexibility for dealers that use various DMS providers.  In addition to Advent, BMW Group Financial Services supports electronic capabilities for dealers aligned with ADP and Reynolds & Reynolds.  All three organizations deliver electronic solutions directly through Open Dealer Exchange, LLC, the Michigan-based dealer management system portal, allowing for one centralized system.

According to Tim Gill, President of Advent Resources, Inc., integrating with BMW Group Financial Services creates a seamless process within the premium dealer network.  “Our vision for Advent has always been to integrate all of our many stakeholders on an elegant level that provides consistent accuracy while ensuring consumer integrity,” said Gill.  “By partnering with BMW Financial Services, we’re not only expanding our own engineering innovation through a highly innovative channel, but more so, we can embrace the system of a world leader through a very personalized transactional process.”

Advent has been perfecting its eContracting abilities and standards for more than 15 years and through its new partnership with BMW Financial Services’ network of retailers, can assist by combining the important phase of validation and eContracting into one step within the brand’s proprietary credit submission strategy.

About BMW Group Financial Services

BMW Group Financial Services was established in the U.S. in 1992 to support the sales and marketing efforts of BMW of North America.   Since then, the group has expanded to provide f service to markets in multiple countries and continues to evolve beyond its role as a captive finance unit. 

BMW Group Financial Services offers a wide range of leasing, retail and commercial financing and banking products tailored to meet the needs of the BMW customer. The group also provides financing to BMW dealers for expanding dealership capabilities and enhancing overall operations. With more than $30 billion in serviced assets and 900,000 automotive lending customers across the U.S. and Canada, BMW Group Financial Services finances about half of the BMWs sold or leased in the United States.   BMW Group Financial Services employs more than 800 people, including consultants and temporary workers, most of whom are located in the Hilliard, Ohio Regional Service Center.

In 2001, the MINI Financial Services division was established to provide support for the brand’s dealer and customer networks by offering various financing and leasing options.    Alphera Financial Services was established in 2006 to provide financial services to dealers who are not part of the BMW and MINI networks.

BMW Group Financial Services also offers credit card products through its subsidiary, the BMW Bank of North America.  up2drive.com is a division of BMW Bank of North America, a wholly-owned subsidiary of BMW Financial Services NA, LLC.  BMW Insurance Agency, Inc., a property and casualty producer, is also part of BMW Group Financial Services.

Information about BMW Group products is available to consumers via the Internet at:

www.bmwgroupna.com  
www.bmwusa.com  
www.bmwmotorradusa.com
www.miniusa.com
www.rolls-roycemotorcars.com

About Advent Resources

Advent Resources, Inc. is located in San Pedro, Calif., and employs more than 75 highly trained specialists dedicated to producing quality products and outstanding customer service. Clients, that include some of the largest dealerships in the country, are located throughout the United States and Canada, extending from Honolulu to New York City.

The corporation was formed in 1988 to specifically develop dealership point-of-sale software systems. These systems focus on inventory management, lead tracking, CRM, lease and finance calculation and contract preparation and submission, as well as submission of specific information to manufacturers and finance sources and other stake holders in the vehicle transactions. Today, Advent supports more than 400 large to very large dealerships and enjoys a market share of greater than 15 percent in California, its home market.

###

 
Contacts:

Tom Stepanchak, General Manager, Marketing,

BMW Group Financial Services

(201) 307- 4124 / Tom.Stepanchak@bmwfs.com

or

Deb Pollack

(805) 320-9248 / dpollack1@earthlink.net