Wolters Kluwer and Informed.IQ want to simplify and streamline the complex landscape of automotive financing.

So, Wolters Kluwer Compliance Solutions has agreed with Informed.IQ to distribute an automated technology solution designed to modernize the auto-finance lifecycle by using digitized processes and artificial intelligence.

The offering utilizes Wolters Kluwer’s eVault capabilities with Informed.IQ’s AI copilot solution to review, validate and store financing documents.

“The vehicle lending industry today is a complex mix of intricate, diverse systems — and often manual processes — involving collecting and validating disparate data from various sources. As a result, the financing workflow suffers from inefficiencies in contract tracking, portfolio management, and data consistency,” said Vikram Savkar, executive vice president and general manager of Wolters Kluwer Compliance Solutions.

“Collaborating with Informed.IQ allows us to leverage the power of AI to help address the industry’s need for accelerated, automated vehicle loan operations without sacrificing compliance,” Savkar continued in a news release.

Wolters Kluwer eVault technology can provide finance companies with what the company calls “digital asset certainty” of contract records within a comprehensive lifecycle management platform.

And Informed.IQ’s user interface is geared to ensure a smooth journey for funding analysts.

The companies said the result is a compliant and accelerated path to capital market monetization, real-time onboarding, expedited funding processes and, for consumers, an enhanced finance and insurance experience.

The Informed.IQ solution can fit into a finance company’s existing origination and processing workflows, delivering flexibility for underwriting, funding and portfolio management stages.

This solution can create a seamless review and validation of documents provided by consumers and dealers.

The solution also leverages data from more than 60 million records processed and addresses issues such as income overstatement and understatement, fraud detection, legal compliance, and optimization of underwriting.

“The integration with Wolters Kluwer technology accelerates automated verifications and funding for lenders by removing tedious integration work and providing a holistic approach to funding,” Informed.IQ co-founder and CEO Justin Wickett said in the news release.

“Top lenders continue to embrace AI and digital-focused strategies as a competitive advantage, and together we are proud to offer a new, market-leading solution with our technology.”

Tim Yalich of Wolters Kluwer and Jessica Gonzalez of Informed.IQ — who also are part of the speaking faculty for Cherokee Media Group’s Auto Intel Summit + National Remarketing Conference that runs April 23-25 in Cary, N.C. — described how service providers can collaborate resulting in these kinds of endeavors.

The conversation was recorded during this year’s Vehicle Finance Conference hosted by the American Financial Services Association for an episode of the Auto Remarketing Podcast. It can be heard in the window below.