Wayne Reaves Updates Dealer Management Software

ATLANTA - May 23, 2016 - PRLog -- Wayne Reaves Software, a dealer management software provider, today announced an enhancement to its current dealer management software (DMS) that will provide the capability for automotive Buy Here, Pay Here (BHPH) dealers to furnish credit data to global information solutions provider, Equifax Inc.  The technology enhancement allows for a streamlined reporting process, using a program provided by Equifax together with the National Independent Automotive Dealership Association (NIADA) and the National Alliance of BHPH Dealers (NABD) for BHPH dealers.

"Reporting credit data can benefit both dealers and their customers," said Jason Reaves, President of Wayne Reaves. "On one hand you have dealers who will be armed with a more comprehensive view of a customer's loan payment history, improving their ability to assess risk. And on the other dealers who report credit data can provide a compelling value proposition for their customers, as timely payments could help them build their credit."

The latest version of the tool will help to support compliance efforts with consistent and seamless reporting of trade line data.

The enhancement will also offer access to Automated Data View™, an Equifax solution that allows dealers to quickly view the accuracy of reported payment and collection information, in support of the consumer dispute process.

"Traditionally, many independent and Buy Here, Pay Here dealers have faced obstacles in reporting their customer's auto loans and payments," said Ryan Guthrie, VP Enterprise Alliances of Equifax. "Previously, dealers had to hold a minimum number of accounts, which can be difficult for smaller operations to meet. To help overcome these barriers, we started a program last year to enable NIADA and NABD dealer members to report their loan payment data to Equifax, regardless of how many accounts they hold and Wayne Reaves has now successfully automated the process."

Wayne Reaves will be at the NABD's 18th Annual National BHPH Conference in Las Vegas from May 24 - 26, 2016, to train customers on how to utilize the platform and report auto loan payment data to Equifax.

About Wayne Reaves Software

Wayne Reaves has been a leading provider of Dealer Management Software since 1987. The DMS provides an easy to use experience for dealers of all types and sizes with Multi Location and Online hosting capability. The software is always up to date and backups are secured.

Wayne Reaves also provides the latest technology for dealers who enjoy using the Responsive Website Platforms for attracting new buyers. As the most trusted name in the digital space, dealers rely on Wayne Reaves Software to sell more cars, make more money, save time and increase productivity. No other digital partner provides dealers with the depth and breadth of experience in the dealer industry.

Learn more at:  http://WayneReaves.com or call 800-701-8082

MEDIA CONTACT:

Jerry Jennings

Public Relations

800-701-8082

Jerry.jennings@waynereaves.com