Allied Solutions and FINOFR recently expanded their ongoing partnership to expand their digital footprint for financial institutions.

The result is an integration called Vehicle Protection Reset, which merges FINOFR’s platform with Allied Solutions’ iQQ and Direct Impact Marketing solutions.

By combining these forces, the companies said financial institutions can recapture post-close product opportunities and enable consumers to add valuable protection products to a contract modification in a self-serve environment.

Allied Solutions and FINOFR explained this solution can address the challenges financial institutions are facing capturing protection product sales from consumers who did not purchase during origination.

Through their combined resources, FINOFR and Allied Solutions can identify contracts lacking protection products and automate personalized offers to consumers.

This program culminates in what the companies designed to be a convenient, self-service experience for the consumer, offering an opportunity to obtain valuable coverage, while sometimes even lowering monthly auto finance payments — all without an officer interaction.

FINOFR chief executive officer and co-founder Keith Kelly noted that this integration will enhance one of the platform’s most desirable features, giving financial institutions the ability to address business challenges more effectively.

“One of FINOFR’s most successful platform features is our Reset Suite, which includes automated loan modification capabilities. Vehicle Protection Reset is one of the most exciting enhancements we’ve added to this suite,” Kelly said in a news release from Allied Solutions. “We’re thrilled to be addressing real pain points for Financial Institutions and to be taking Vehicle Protection Reset to market alongside Allied Solutions.”

Jack Imes is chief client lending consultant of Allied Solutions.

“Allied is committed to continuing to provide the industry with solutions that elevate the consumer experience and drive revenue and efficiencies for our clients.” Imes said in the news release. “We’re thrilled to combine forces with FINOFR to bring a highly relevant and impactful solution to our valued clients.”

Allied Solutions is hosting a free webinar title, “Preparing for a Falling Rate Environment,” on June 13 that will further explore how this solution “will set financial institutions up for success.”

Registration for that session can be completed via this website.