Advent Resources now available throughout Texas as dealers face rising fraud, compliance pressures
Advent Resources CEO Ben Gill. Images courtesy of the company.
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You could say that technology offerings from Advent Resources now are as big as Texas.
The software provider that powers the financial layer of the car deal said last week that it is expanding its reach across the Lone Star State to help dealerships simplify and strengthen its operations, as fraud, compliance, and disconnected technology continue to create operational challenges for automotive retailers.
For over 30 years, Advent Resources has helped dealers streamline operations by bringing identity verification, deal structuring, lender approvals, contracting, compliance, and funding into a single connected platform.
“Dealers are managing more systems, regulations, customer expectations, and risk,” Advent Resources CEO Ben Gill said. “The answer isn’t adding more technology. It’s about creating one workflow, one source of truth, and one platform to run their entire sales department.”
Furthermore, Gill acknowledged that auto fraud continues to grow while dealerships face increasing pressure to maintain compliance, protect customer information, and improve operations.
Auto fraud losses are projected to exceed $9 billion annually, according to Point Predictive, which also estimated 45% of dealerships report losses between $10,000 and $20,000 from a single fraudulent transaction.
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Advent Resources tries to address these challenges by connecting every stage of the deal into one workflow, helping dealerships:
—Structure, approve, contract, and fund deals in one system
—Reduce hundreds of unnecessary clicks and eliminate duplicated data entry
—Verify customer identities and collect required documents in real time
—Strengthen compliance through integrated audit trails and automated workflows
—Improve profitability by accelerating deals and reducing delays
What’s more, Advent Resources provides advanced AI-powered identity verification to reveal potential fraud risks earlier in the sales process, before issues become costly problems.
“Fraud and compliance issues rarely show up early,” Gill said. “They happen after the fact, when a dealership is trying to unwind a bad deal. The best way to reduce risk is to mitigate it head on at the beginning of the process.”
For more information, visit www.adventresources.com.