Oxlo Systems Automotive Solutions News

Broomfield, CO & Auburn Hills, MI – September 06, 2007 – Oxlo Systems Inc., the operator of the leading Dealer Integration Network, has announced that they will provide a major, new electronic communications interface for VW Credit, Inc.’s FinanceSource system. FinanceSource is replacing VCI’s current Dealer Extranet system used by Volkswagen, Audi and Bentley dealers in the United States and Canada. The first phase of FinanceSource will facilitate the automated submission and decision approval process of credit applications, improving customers’ retail experience and shortening the overall vehicle financing process.

“This will help our Volkswagen, Audi and Bentley dealers improve the overall dealership finance experience by allowing them to complete the credit process entirely within their chosen dealer management system,” said Hans Bremer, VCI Credit and Funding general manager. “We have begun implementation of these next-generation dealership finance enhancements and will be rolling them out beginning in early 2008. Additional dealer system providers will be invited to participate over the next few months.”

“Oxlo’s aim is to simplify and enhance business processes, such as vehicle finance, through real-time, bi-directional business process integration,” says Jim Lejeal, Oxlo CEO. “Through FinanceSource we will work to deliver improved business performance to both VW Credit, Inc. and its dealers.”.

The FinanceSource system will enable auto dealers to submit credit applications and receive credit decisions directly from their DMS or F&I systems, saving time and expense. The second phase of the FinanceSource rollout will support contract validation and electronic contracting.

About VW CREDIT, INC.
VW Credit, Inc. (VCI), a wholly owned subsidiary of Volkswagen Group of America, Inc. (VWGoA), was founded in 1981 to function as the financial service arm of VWGoA and is affiliated with Audi of America, Inc. and Bentley Motors, Inc. VCI, a captive finance company, services Volkswagen, Audi and Bentley customers, authorized automotive dealers and their affiliated stores as Volkswagen Credit, Audi Financial Services and Bentley Financial Services. The company provides competitive financial products and services to dealers and their customers in the United States.

About Oxlo Systems
Oxlo Systems Inc. (www.oxlo.com), based in Broomfield, Colorado offers is a Software as a Service (SaaS) business solutions leader that provides integrated information solutions to forward thinking businesses across multiple industries.

Oxlo Open Dealer Integration Network (ODIN™) and the Open Vehicle Finance Network (OVFN™) connect over 40 enterprise applications, span 7 countries and transact secure Internet business for over 1300 integrated customer endpoints. Oxlo networks are the largest, widest reaching and most respected open automotive integration networks in the industry.

For additional information or questions related to this press release please email rich.norwood@oxlo.com , call 313-228-8913, visit our website or use our contact form to contact Oxlo about automotive solutions for auto manufacturer solutions, auto lender digital contracting solutions, auto dealer software provider solutions, or auto dealer solutions.

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