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DealerSocket to Announce Six New Innovations for IDMS at NADA

DALLAS--(BUSINESS WIRE)--Feb 6, 2020--

Debuting at NADA this year will be DealerSocket’s latest innovations to IDMS, its Dealer Management System (DMS) geared for independent used car dealers, buy-here-pay-here, and finance companies. The six new enhancements offer strong workflow automation and improved integrations to streamline processes with the goal of helping dealers generate more profits and obtain greater operational efficiency.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200206005136/en/

DealerSocket's IDMS (Graphic: Business Wire)

“We have added robust integrations to IDMS that make it even easier to source financing, manage inventory, and sell F&I products,” said Steven Meeker, chief strategy officer and general manager of DealerSocket’s DMS division. “We cannot wait to demonstrate these time-saving innovations to dealers at our NADA booth, 3915C, from February 15 through 17.”

The six innovations launching at NADA within DealerSocket’s IDMS product this year are:

LenderSocket: Dealers will be able to efficiently send complete credit applications along with the deal structure to lender aggregators and receive corresponding lender decisions without leaving IDMS. LenderSocket enables dealers to compare finance options side-by-side with multiple worksheets, saving time, and improving the customer experience.

Enhanced Form Packages: Dealers can easily create and manage form packages in their dealership or across multiple rooftops. Users can set default documents and packages, as well as create numerous packages per sales-type and channel, and automatically push forms to electronic closing processes like SecureClose.

IDMS and Inventory+ Integration: The real-time integration between the DealerSocket’s IDMS and its Inventory+ software products will create a seamless flow of critical vehicle details, such as dealer cost, vehicle price, VIN details, and mileage, which will generate more efficient operations and eliminate the need for time-wasting double entry.

Intuitive Reporting: IDMS now has an updated reporting center that makes it easier and more intuitive to create, filter, and edit reports. Updated reporting will increase efficiency and facilitate better performance tracking.

VisionMenu Integration: Dealers can rate and contract F&I protections online from more than 100 providers using VisionMenu’s customizable, web-based F&I selling system.

Omnique Accounting Link: Dealers can automatically post service shop GL transactions directly from Omnique to Quickbooks via the new Omnique Accounting link.

All six IDMS innovations will be on demonstration at DealerSocket’s NADA booth 3915C within the central hall at the Las Vegas Convention Center from February 15 – 17, 2020. To learn more or to schedule a demo, visit www.dealersocket.com/products/idms.

About DealerSocket

DealerSocket is a leading provider of software for the automotive industry, offering a suite of seamlessly integrated products to help dealers sell and service vehicles more profitably while improving their customers’ experience. DealerSocket’s suite of products includes advanced Customer Relationship Management (CRM), innovative Digital Retail, Marketing and Websites, robust Vehicle Inventory Management, insightful Analytics Reporting, and solutions to streamline dealer operations such as Desking, Credit Reporting, Compliance, and an independent-geared Dealer Management System (DMS) for dealers of all sizes. DealerSocket’s software has helped customers sell more than 100 million vehicles throughout its 18-year history. For more information, visit DealerSocket.com, or follow us on Twitter, LinkedIn, and Facebook.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200206005136/en/

CONTACT: Patrick Mendoza

[email protected]

469-828-6325

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: SOFTWARE MARKETING AUTOMOTIVE DATA MANAGEMENT COMMUNICATIONS OTHER AUTOMOTIVE TECHNOLOGY GENERAL AUTOMOTIVE

SOURCE: DealerSocket

Copyright Business Wire 2020.

PUB: 02/06/2020 11:05 AM/DISC: 02/06/2020 11:05 AM

http://www.businesswire.com/news/home/20200206005136/en

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