Zoot Awarded Contract by Daimler Financial Services Americas
Contract to assist on credit decisioning processes for Daimler Financial Services Americas
February 7, 2008
Bozeman, Mont–Zoot Enterprises, a leading provider of advanced instant credit decisioning and loan origination solutions, today announced that it signed a contract with Daimler Financial Services Americas (DCFS USA LLC) to provide consumer and commercial credit decisioning solutions. The announcement was made at the 2008 American Financial Services Association (AFSA) Vehicle Finance Conference and Exposition in San Francisco.
Daimler Financial Services Americas provides brand-specific financing for Mercedes-Benz dealers and their customers and conducts business in the United States luxury car market as Mercedes-Benz Financial. In the U.S. trucking industry, the company conducts business as Daimler Truck Financial and finances Daimler commercial vehicles such as Freightliner, Sterling and Western Star for dealers and their customers.
"Zoot's decisioning tools will assist our credit buyers in becoming more responsive to our dealers and their retail customers," said Marc Voss-Stadler, director of risk management for Daimler Financial Services Americas.
The Zoot platform is expected to provide improved client control and business rules changes. Zoot’s solutions analyze a consumer credit request, obtain a credit report from the appropriate credit bureau, and provide the information necessary to make a credit decision.
“Zoot’s core business is developing and supporting advanced transaction processing systems for high performance environments like Daimler Financial Services Americas,” said Chris Nelson, CEO of Zoot Enterprises. “Zoot worked with Daimler Financial Services to identify their needs and develop a best-practices solution specifically tailored to meet their marketplace strategies. Zoot solutions are designed to be completely adaptable and therefore meet our clients’ individual and specific needs. Because of this, we are uniquely positioned to meet the requirements of a large, complex company such as Daimler Financial Services.”
About Daimler Financial Services Americas (DCFS USA LLC)
Daimler Financial Services Americas (DCFS USA LLC) provides brand-specific financing for Mercedes-Benz automotive dealers’ inventories and their retail customers, and conducts business in the United States luxury car market as Mercedes-Benz Financial. In the U.S. trucking industry, Daimler Financial Services Americas conducts business as Daimler Truck Financial and finances Daimler commercial vehicle products such as Freightliner, Sterling and Western Star for dealers and their customers in the fleet, vocational, municipal and owner/operator segments. Daimler Financial Services Americas serves as the headquarters for operations in the United States, Canada, Mexico, Argentina and Brazil, and has approximately 1,600 employees. Daimler Financial Services Americas is a company of the Daimler Financial Services Group, headquartered in Berlin, Germany, which operates in nearly 40 countries with an employee base of close to 6,800. Daimler Financial Services is one of the leading financial services organizations worldwide. For more information about Daimler Financial Services Americas, visit www.daimler-financialservices.com/na.
About Zoot
Bozeman, Mont.-based Zoot Enterprises was ranked number one on Bank Technology News’ Ten Technology Companies to Watch list for 2007. Zoot provides credit decisioning and loan origination solutions to large and innovative U. S. financial services institutions. Its reliable, secure, and scalable environment reduces risk and improves performance for seven of the top-ten U.S. banks, accounting for hundreds of millions of credit transactions a year. Zoot fulfills clients’ complex needs for multiple lines of business and enterprise-wide platforms through a flexible and customizable architecture that enables clients to adapt to the market in realtime. Zoot’s clear focus on clients’ needs has led to long-term relationships with the nation’s most innovative financial institutions. Visit http://www.zootweb.com or call 406.586.5050 for more information.
MEDIA CONTACTS:
William Mills Agency, Andrew McCaskill, 678-781-7210 or Zoot Enterprises, Eric Lindeen, 406-556-7449
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