UK based specialist software developer ATD Solutions has launched a new version of its vehicle RV forecasting system, AVS, specifically adapted for the Australian market.
And ATD has signed up Volkswagen Financial Services Australia (VWFSA) as its first Australian customer for the cloud-based platform.
Already successful in the UK, AVS provides vehicle finance companies, hire companies, retailers and fleet operators with a way of forecasting future values of both used and new vehicles under different market scenarios.
Users can define multiple adjustment factors to allow for variations in key valuation influencers such as economic and seasonal factors together with market trends for make, model, sector, fuel, and body impacts etc.
Available as a fully hosted service, AVS has the ability to use data from multiple local data providers such as Glasses or RedBook. This gives users the freedom to select their preferred data source and the capability to easily compare how valuations vary between different industry experts.
VWFSA is an early adopter of the AVS platform and the way they handle and process their provisioning data is critical to their success. AVS has enabled them to process their monthly contract RV reforecasting in record time and without the need to be dependent on specific industry vehicle data.
ATD Solutions director Ashley Clark says, “We have invested several man years working closely with major motor finance companies on the development of AVS and the feedback we get when anyone sees it is always positive. As a proven product with quality references we are able to offer AVS as a fully hosted solution to companies large or small.
“As well as vehicle finance companies, AVS is suitable for use by any business with significant exposure to changing vehicle values. Also, being data independent means AVS has potential to be used anywhere in the world where vehicle valuation data is published.”
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