On the road with MeasureOne: 2024 events season

This fall, I had the privilege of attending three events in the automotive and finance industries representing MeasureOne: Digital Dealer, Auto Finance Summit, and Used Car Week. Here’s what I learned:

1. Automated data access drives efficiency and growth

It sounds obvious, but this was the most significant trend I saw across this year’s event cycle. Whether it's closing a sale on the dealership floor or managing existing auto loans, instant access to accurate and reliable data is critical for avoiding delays and reducing errors. Dealers, lenders, and insurers all stressed the importance of streamlining workflows to stay competitive.

• The problem: Manual processes in insurance verification, lien-holder updates, and data collection lead to inefficiencies, risking delays and customer frustration. While not unique to the automotive sector, holding onto manual processes has significantly inhibited growth for many dealerships and lenders’—those businesses are now looking for a solution.
• The solution: MeasureOne’s instant data verification tools integrate seamlessly into existing systems via API, providing real-time access to insurance, income, and employment data for verification and even updating. By eliminating bottlenecks, businesses can accelerate operations, improve customer satisfaction, and scale faster.

2. Insurance verification is a must-have for risk mitigation

With dealerships introducing new rental programs and lenders managing millions of loans, accurate insurance verification has become a foundational requirement for reducing risk. Missteps in verifying insurance coverage or lien-holder updates can result in financial losses and compliance issues.

• The problem: Outdated or incomplete insurance information jeopardizes both dealership and lender assets, leaving gaps in protection.
• The solution: MeasureOne’s automated insurance verification ensures every policy is accurately validated and updated in real time. This capability not only safeguards businesses but also enables dealers and lenders to focus on what matters most—serving their customers.

3. Seamless lienholder management supports interested parties

Collateral Protection Insurance (CPI) providers, auto lenders, and others face ongoing challenges in managing loans, particularly when lienholder information needs to be updated. This process is traditionally manual, error-prone, and time-consuming.

• The problem: CPI providers, lenders,  and other interested parties must ensure they are accurately listed as lien-holders to protect their interests, especially for refinancing and existing loans. The manual nature of this process creates inefficiencies and risks.
• The solution: MeasureOne offers automated lien-holder updates, enabling interested parties to instantly add themselves as lien-holders while reducing manual errors. This not only streamlines operations but also strengthens financial protections for all stakeholders.

Connect with MeasureOne even when we’re not on the road

Across every event I attended this fall, the message was clear: automation and instant access to accurate data are the keys to overcoming the industry’s biggest challenges. Whether it’s empowering dealers to close sales faster, enabling lenders to manage loans more effectively, or helping CPI providers protect their collateral, MeasureOne is at the forefront of these innovations.

With this in mind, I look forward to continuing the conversation and partnering with industry leaders in 2025 and beyond.

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