SBS, a global financial technology company, is aiming to complete more than 100,000 digital audits across the U.S. by the end of the year, allowing nearly 18,000 U.S. auto dealerships to benefit from its SBS Financing Platform (SFP) Digital Audit solution. The company is working with floor plan lenders, including NextGear Capital — an independent inventory finance company in the automative industry — and others.
“Providing independent dealers with efficient digital tools for managing their floor plans is incredibly important,” Nicole Graham-Ponce, vice president of portfolio management at NextGear Capital, said. “Working alongside SBS, we’ve provided a self-audit solution that clients can access right inside our mobile app, which is a key step in our audit transformation journey.”
James Powell, head of asset and consumer finance, SBS, added, “Traditional auditing processes have disproportionately stood in the way of the automotive industry’s ability to evolve and keep up with digital practices. NextGear Capital has set the standard for the automotive industry’s independent inventory financing for years, and we’re honored to work alongside them on this journey.”
