GM Financial Selects DataScan Technologies as Its Commercial Lending Solution Provider

FORT WORTH, Texas--(BUSINESS WIRE)-- GENERAL MOTORS FINANCIAL COMPANY, INC.(“GM Financial” or the “Company”) has chosen DataScan Technologies LLC (DataScan) – a leader in wholesale finance accounting and risk management systems – as its systems provider for GM Financial’s Commercial Lending Services business.

GM Financial plans to launch its Commercial Lending Services business this April, offering floorplan financing; capital, real estate and construction loans; floorplan insurance and cash management programs to GM dealers in the United States and Canada. The Company has also selected DataScan Field Services LLC to conduct its floorplan inspections. Both the lending systems and inspection services will provide GM Financial with a complete dealer floorplan solution utilizing DataScan’s Wholesale Management System, Dealer Access System, Risk Management System and DataScan Field Service’s extensive nationwide coverage.

“As we looked to build a best-in-class commercial lending platform, aligning ourselves with industry leaders was a must,” said Brian Fallon, senior vice president of Commercial Lending Services. He continued, “When it came to selecting a provider for dealer loan systems and inspection services, DataScan had the history and experience necessary to help us develop a comprehensive program that meets the needs of our GM dealer partners.”

"We look forward to the new business relationship with GM Financial and are pleased to have the opportunity to provide them with our expertise as they launch their dealer commercial business,” said Brent Sergot, vice president and general manager of DataScan. “DataScan’s support systems and services will streamline GM Financial’s lending and risk mitigation through an easy-to-use online interface, as well as accommodate our clients’ future growth plans.”

GM Financial will begin marketing the Commercial Lending Services suite of products at the National Auto Dealers Association’s (NADA) annual event Feb. 4-6 in Las Vegas. To learn more about GM Financial’s Commercial Lending Services business, visit GM Financial in the General Motors’ booth (2666) at NADA.

About DataScan Technologies LLC

DataScan Technologies, headquartered in Alpharetta, Ga., is a global leader in wholesale finance accounting and risk management systems and services. The first to market dealership Internet solutions for wholesale financial institutions, DataScan enables closer electronic communications between the lender and the dealer. Its sister company, DataScan Field Services, is one of the industry’s largest automotive floorplan inventory verification and off-lease vehicle inspection companies in North America. DataScan is a division of World Omni Financial Corp., a diversified financial services company headquartered in Deerfield Beach, Fla. World Omni operates as a subsidiary of JM Family Enterprises, Inc., a diversified automotive corporation.

About GM Financial

General Motors Financial Company, Inc. provides auto finance solutions through auto dealers across the United States and Canada. GM Financial has approximately 3,400 employees, 700,000 customers and $10 billion in auto receivables and leases. The Company is a wholly-owned subsidiary of General Motors Company and is headquartered in Fort Worth, Texas. For more information, visit www.americredit.com.

General Motors Financial Company, Inc.Caitlin DeYoung, 817-302-7394

Source: General Motors Financial Company, Inc.