Technology Sponsored by Technology Odessa Auto announces new features to platform Published: 22nd January 2025 Share Odessa Auto has unveiled three major updates designed to streamline lending processes and enhance efficiency. The updates are Intelligent Document Processing (IDP), Electronic Contract Integration (eContract), and Key Performance Indicator (KPI) dashboards. These innovations aim to transform how lenders manage their origination workflows. Odessa Auto, a multi-asset, multi-product platform, supports both traditional auto finance and alternative lending models, such as usage-based lending, subscriptions, fleet management, as-a-service offerings, and fractional ownership. With its self-service configuration tools, Odessa empowers lenders to swiftly bring new financial products to market. The new IDP feature enables lenders to extract critical data elements directly from submitted documents, eliminating the need for manual data entry. This reduces errors and speeds up the process of data ingestion into the Odessa Auto platform. Meanwhile, the eContract feature allows dealers to submit electronic contracts seamlessly, enabling lenders to access accurate data in real time and reducing the overall time to finalise contracts. “Our product team knows that reducing time to contract is a top priority for lenders — as is reducing costly errors,” said Bob Johnson, Odessa’s Executive Vice President of Auto Finance. The addition of KPI dashboards offers lenders more flexibility than ever before. These dashboards can be customised to display the exact metrics lenders need to monitor performance, enabling data-driven decisions and faster dealer funding. Lisa Laverick Editor - Asset Finance Connect Sign up to our newsletter Featured Stories Corporate Member TechnologyVAMOS launches AI strategy & readiness programme for asset finance providers TechnologyGen AI will elevate banks’ financial performance in 2025 TechnologyKevin Day steps down as Lendscape CEO
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