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| DataScan Technologies Acquires Virtual Floor Plan Audit Software |
Supplementing Physical with Electronic Auditing is an Industry First
Alpharetta, Ga. - DataScan Technologies LLC, a global leader in automotive wholesale floor plan accounting and risk management services, has acquired a virtual floor plan inventory audit solution - Electronic Portfolio Management (EPM) - from one of the nation's top public accounting and consulting firms, Crowe Chizek and Company LLC (Crowe Chizek). This powerful software now compliments DataScan's physical floor plan inventory audit services - positioning DataScan as the first company in the industry to offer this innovative combination of services. As a result of the acquisition, clients utilizing Crowe Chizek's EPM offering will now be provided the service by DataScan.
"By fusing our physical inventory audit outsourcing with virtual technology, we are able to provide an unmatched, best-in-class service," said Brent Sergot, vice president, DataScan. "Our automotive lending clients can now access and continually monitor a dealer's performance within 48 hours of requesting a virtual inventory audit report. The pioneering combination of services and value that this integration offers lenders is a major advance in automotive floor planning and a significant advantage for them."
EPM pulls data from the dealer's internal systems and uses this information to create a report that illustrates the clients' risk exposure with a dealership at that specific point-in-time. Within 48 hours of requesting the report, EPM remotely accesses the dealer's sales and general ledger data and compares it to the floor plan data. This information is then compiled into an electronic report and sent directly to the client.
"The acquisition is a win-win for all involved," said David Jarret, partner, Crowe Chizek. "DataScan has an excellent reputation and a strong commitment to customer satisfaction and service that yields impressive results. Clients will definitely benefit from the combined services DataScan is now able to offer."
About DataScan Technologies LLC (DataScan)
DataScan Technologies LLC (DataScan) (www.datascantech.com), headquartered in Alpharetta, Ga., is a global leader in wholesale finance accounting and risk management systems and services. Specializing in floor plan solutions, DataScan has revolutionized the way banks and captive financial institutions manage their collateral, allowing them to work more effectively with quick, secure Internet access. The first to market dealership Internet solutions for wholesale financial institutions, DataScan enables closer electronic communications between the lender and the dealer.
About Crowe Chizek and Crowe Group
Crowe Group LLP, the parent company of Crowe Chizek and Company LLC (www.crowechizek.com), is one of the top 10 public accounting and consulting firms in the United States. Under its core purpose of "Building Value with Values®," Crowe assists clients in reaching their goals through services ranging from assurance and financial advisory to performance, risk and tax consulting. Crowe professionals provide public and private companies with thought leadership to clients in the financial services, healthcare, government, private equity sponsored, inventory based and not-for-profit industry sectors, among many others. With 22 offices and more than 2,300 personnel, Crowe has been recognized by a number of organizations as one of the country's best places to work. Crowe serves clients worldwide as the leading independent member of Horwath International.
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