Walser Automotive Group, in partnership with PICO Venture Partners, is introducing a finance-management platform called FUSE Autotech, according to a press release from Business Wire.
FUSE is based on infrastructure developed by Walser Automotive Group. FUSE Autotech will automate the whole vehicle-buying experience, including the financial matters related to the purchase, through a cloud-based AI predictive finance-management system.
The average vehicle purchase transaction takes more than three hours, which can be reduced to 30 minutes using FUSE Autotech. With the reduced transaction time, there are more opportunities for the dealership to acquire more transactions, more profit per transaction and provide an enhanced customer experience, the release stated.
The FUSE platform has been implemented in all Walser brand dealerships. The technology has created approximately $20 million in increased finance revenue and more than $6 million in operational expense savings.
FUSE Autotech currently serves more than 70 dealerships in the country through multiple FUSE SaaS products and is processing approximately $1 billion worth of vehicle transactions per year, according to the release.
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