SBS, a company in banking software solutions that power the wholesale financing and digital audit operations of auto manufacturers and lenders, formed a new partnership with Alliance Inspection Management (AiM). Together, SBS and AiM strive to offer wholesale finance lenders a comprehensive audit solution that combines digital and physical capabilities to meet lenders’ evolving needs. The new offering is designed to empower lenders to adopt a hybrid approach to auditing, bringing together in-person field audits and digital self-audits, so lenders can enhance audit accuracy, manage risk more effectively and embrace digital transformation at their own pace.

SBS and AiM will partner to bring a hybrid auditing approach to their network of wholesale finance lenders, so they can manage in-person audits and digital self-audits all in one place. Now, lenders using the SBS Digital Auditsolution will also have access to AiM’s wholesale floorplan audit services and network of 120+ full-time field auditors. Lenders using AiM for physical audits will now have access to the SBS Digital Audit solution to gradually integrate digital audits.

“Physical audits have long been the backbone of asset finance, with AiM conducting over 800 floor plan audits for hundreds of thousands of vehicles monthly,” Eric Widmer, senior vice president, sales and marketing at AiM, said. “As the industry deciphers when and how to incorporate digital audits our partnership with SBS delivers a flexible solution that allows them to take advantage of both types of audit activities.”

“Lenders are increasingly adopting hybrid audit models to effectively minimize risk,” James Powell, chief SaaS transformation officer, head of specialized finance strategy at SBS, said. “By combining our technology with AiM’s team of physical auditors, we’re enabling lenders to enhance risk management and set the stage for digital transformation, on their own timeline.”