Exeter Finance Corp selects White Clarke Group’s CALMS with implementation in only seven months

Ockwell nick

White Clarke Group’s CALMS software platform has gone live at Exeter Finance Corp (Exeter).

CALMS, which was implemented in less than seven months, has served to automate application submissions and decisioning by 100% for Exeter’s recently-launched Strategic Originations Channel. The new system gives Exeter a competitive advantage in recruiting strategic alliances.

Exeter Finance Corp. is a fast growing subprime auto finance company in the US, serving more than 9,000 auto dealer relationships through its traditional branch channel. The company’s growth and the introduction of a centralized strategic originations channel necessitated a completely new platform.

Matt Colby, vice president partner originations, helped build out the process and explained what Exeter was seeking from the system.

He said: “For us, there were two key requirements. Firstly, we needed to fully automate the initial underwriting and decisioning process to deliver an offer to the end-customer while they are seated in the dealership. That means a total elapsed time of less than five minutes. In fact, the application decision should be returned in seconds.

“Secondly, we needed a highly configurable platform that would accommodate future strategic alliances and continued growth, without systems development. That is a major competitive advantage that CALMS provides.”

Exeter’s project commenced in December 2012 and went live in June 2013 on time and on budget, something that Exeter’s CIO Nick Ockwell (pictured) describes as a big win and unusual for an initial system launch. 

“Internally, we put our best people on the project,” Ockwell said. “That was fundamental to a successful implementation. White Clarke Group was the second big factor. We wanted a partner with experience and credibility, someone who had a certain scale and could challenge our thinking. Ultimately, White Clarke Group delivered a quality product that has delighted both our business users and our first alliance partner. It has exceeded all of our expectations.”

Exeter Finance Corp, based in Irving, Texas, partners with franchised auto dealers throughout the US and aims to build personal relationships by providing the highest level of service to dealers and customers. Auto Dealer Monthly named Exeter the “Top Finance Company for Dealers” in 2010, while Auto Finance News selected Exeter for its Auto Finance Excellence Award in 2011.