Phoenix Financial Solutions, Inc. Integrates with
BillingTree and Car-Ware to Provide Loan Servicing to BHPH Dealers in Ohio
& Beyond
Phoenix, Ariz. – June 11, 2019 – Phoenix
Financial Solutions, Inc., a provider of loan servicing
and debt collection services to auto dealers, has announced an integration with
leading payment technology and services provider BillingTreeand auto
dealer management specialist Car-Ware to
provide advanced loan servicing facilities to Buy-Here-Pay-Here Financing
(BHPH) dealers in Ohio.
Car-Ware integrated the BillingTree Payrazr
payment solution suite in May last year. By leveraging this robust integration,
Phoenix can offer its customers a convenient, flexible and all-encompassing
loan servicing experience, giving dealers the freedom to concentrate on selling
cars – leaving the Payrazr platform to handle day-to-day
collections as well as late notices, insurance lapse demands and
repossession/auction coordination through the term of the loan.
Through Payrazr, Phoenix utilizes an enhanced
web portal, an Integrated Voice Response (IVR) system and a Text-To-Pay and SMS
Notifications service, all of which are integrated with Car-Ware. Uniquely,
Phoenix Financial Solutions now also provides dealers with an avenue to collect
on deficiency balances through assignment of debts, which are then primarily
collected through the utilization of Civil Judgments.
“The level of integration that we have achieved
has been the result of working closely with both BillingTree and Car-Ware. Both
companies have been great to work with in terms of the customization we require
as a loan servicer and to offer the products we need to run the company
efficiently,” said Trisha Keiser, President of Phoenix Financial Solutions. “I
am confident that we have found partners who understand our unique needs and
support our strong desire to be a true extension of a dealership, and to
provide a superior level of customer service to both the dealer and their car
customers while maintaining compliance at all times.”
BBB Accredited company Phoenix has worked
primarily with dealers in the counties of Richland, Muskingum and Summit, and
has recently strengthened its client base with the addition of dealerships in
Columbus, Cortland and Middletown. The company has a strong record of growing the
number of active accounts, reducing delinquency and repossession rates for
their clients, at the same time as increasing their rate of collections on
deficiency balances.
“Payment technology is essential to drive
revenue in the auto finance industry and dealers and consumers alike are
constantly on the lookout for convenient, flexible and simplified methods to
process auto loan payments,” said Jason Hiland, VP of Sales at BillingTree.
“This integration highlights the ambition of Phoenix and we are pleased to be
on board. Our payment technology provides automated, convenient and compliant
payment channels that put both dealers and consumers in control, while
providing a competitive advantage to help both BillingTree and our partners
grow.”
About Phoenix Financial Solutions, Inc.
As a member of the National Independent Automobile Dealers
Association (NIADA) and a Preferred Partner of their state chapter the OIADA, Phoenix is
committed to compliance and continuing education in the automotive sales space.
The agency offers tiered pricing plans for every size of dealership, including
brand new dealers, and rates that are better than or at least competitive with
the costs necessary to handle accounts in-house. As the agency continues to
work closely with both Car-Ware and BillingTree, and
invests in additional in-house technologies and personnel as well, Phoenix Financial
Solutions, Inc. is poised to be at the forefront of the Loan Servicing Industry
for the State of Ohio and beyond. To learn more about “THE PHOENIX DIFFERENCE”
visit them at phoenixcompanies.biz,
email them at info@phoenixcompanies.biz or
call them at 1-888-741-5936.
About Car-Ware
Car-Ware, Inc. was
started in January 2008 and since that time we have integrations with several
strategic partners in the industry. We provide Accounting, showroom traffic
management and desking, Finance and Insurance, Buy Here Pay Here and Lease Here
Pay Here, CRM, and Inventory management to the used automobile industry. The
founders of Car-Ware have worked in the automotive DMS and banking industry for
more than 15 years.
About Car-Ware
BillingTree® is the leading
provider of integrated payments solutions to the Healthcare, ARM, Property
Management, B2B, and Financial Services industry verticals. Through its
technology-enabled suite of products and services, BillingTree enables
organizations to increase efficiency and decrease the costs of payment
processing while adhering to compliance regulations. Leveraging more than a
decade of market experience, BillingTree is dedicated to growing payments with
technology through an integrated omni-channel offering, suite of proprietary
products and value-added services, and a company-wide focus on delivering
extraordinary customer service.
Contact:
Jared Bodnar
VP of Marketing
BillingTree
Tel: 877.424.5587
jbodnar@mybillingtree.com
Jamie Kightley
IBA, PR for BillingTree
Tel: 561.228.1940
jkightley@iba-international.com