Suppliers are racing to update their systems following the recent motor finance commission ruling from the Court of Appeal.
In response to the unexpected decision, some finance firms have temporarily halted new financing agreements as they assess the implications.
One company making swift adjustments is Mad Devs, which updated its iStoreDOCS platform within days of the ruling. This update allows dealers to upload Finance Commission disclosure documents and integrate them into the deal process seamlessly.
The cloud-based platform offers a comprehensive audit trail of customer actions.
Dan Rea, Sales Director at Mad Devs, commented, “The Court of Appeal's ruling caused significant disruption for dealers and their finance providers. We quickly mobilized our configuration team to enhance compliance procedures, enabling dealers to continue operating safely and efficiently.”
The iStoreDOCS platform utilizes cloud encryption technology to ensure customer data remains secure and compliant.
Based in the UK, Mad Devs now operates in 1,800 locations worldwide, with its technology trusted by dealers both in the UK and internationally to enhance the experience for over 260,000 customers.
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