REPAY Holdings Corporation, a provider of integrated payment solutions, has announced a new integration with Emotive Software, an automotive finance and compliance platform, to offer a unified system for dealerships and lenders.
This collaboration combines REPAY’s payment technology with Emotive’s comprehensive loan management capabilities, allowing automotive sales and finance companies to streamline operations within a single platform. The integration is designed to enhance loan payment automation, providing benefits to dealerships and lenders utilizing Emotive’s services.
REPAY’s automation ensures instant processing and tracking of payments, which aids dealerships in maintaining borrower relationships and reducing the risk of accounting errors or late payment charges due to processing delays. Lenders receive accurate, detailed records of borrower payment activity and balances, facilitating the identification of payment anomalies and trends before they impact business operations.
Automotive lenders and dealerships leveraging Emotive’s platform can now offer borrowers enhanced payment flexibility through REPAY. The system supports payments via debit and credit cards, digital wallets, and ACH transactions across various channels, including online, text, mobile, and Interactive Voice Response (IVR). This flexibility allows borrowers to submit payments conveniently and with preferred methods, potentially helping lenders attract new customers and scale their businesses.
Jake Moore, EVP of Consumer Payments at REPAY, stated, “We’re excited to partner with Emotive Software to extend our proven payment solutions to more automotive businesses seeking to elevate customer relationships while optimizing accounting operations. This integration eliminates friction for dealers, lenders and consumers by enabling seamless payment processing and tracking within the Emotive platform.” Allen Dobbins, CEO and Founder of Emotive Software, added, “Integrating with REPAY offers our clients a leading payment solution that’s fully integrated into their daily operations. By combining Emotive Software’s comprehensive capabilities with REPAY’s payment expertise, we’re providing our users with the tools they need to enhance their operational efficiency.”The integrated solution addresses key challenges in the auto finance industry by consolidating payment processing directly within existing workflows for dealers and lenders. This approach is intended to reduce manual data entry errors and administrative overhead. Furthermore, it provides real-time payment tracking and reporting, offering lenders greater visibility into cash flow and comprehensive borrower payment histories.
Emotive Software, Inc., founded in 2022, offers Emotive ERP, an all-in-one platform integrating CRM, Sales, Service, Lending, and Accounting with AI-driven automation. The company aims to streamline operations, improve efficiency, and enhance profitability for auto sales and independent finance sectors. Its leadership team has over 50 years of combined industry experience.
