Business Profile

Description: Open Dealer Exchange connects and adds value to facilitate secure and fast electronic transactions directly within the dealership's point-of-sale system. We're here to help move the industry towards a fully technologically advanced workflow. Open Dealer Exchange, LLC, a joint venture between CDK Global and the Reynolds and Reynolds Company, is the leading expert and essential connector within the F&I process by integrating a finance source or F&I product provider directly within a dealership’s dealer management system (DMS). By providing a direct connection into the DMS, Open Dealer Exchange removes the need for the dealer to leave their system-of-record during the F&I process. This innovative process results in increased operational efficiencies, reduced contract errors, and a more streamlined process with a lender or provider’s franchised dealerships. As an open platform, Open Dealer Exchange delivers integration and related services to all dealer system providers and other finance sources that serve automobile and truck retailers, power sports and recreational vehicles. As Open Dealer Exchange continues to grow, its solution portfolio expands, giving customers a comprehensive suite of products to meet a variety of financial and data needs. Open Dealer Exchange, LLC consists of two main parts: Lender Services and Provider Exchange Network (www.ProviderExchangeNetwork.com).