Five of the Top Ten Captive Auto Lenders Choose ChannelNet to Drive Customer Retention

  Five of the Top Ten Captive Auto Lenders Choose ChannelNet to Drive Customer
  Retention

Business Wire

DEARBORN, Mich. -- June 20, 2013

ChannelNet, a leader in business-to-consumer acquisition, retention and
conquest services, is helping major global automakers and their captive
finance units retain purchase and lease customers, with a suite of online
tools and support to enhance the customer ownership and repurchase process.

A 2013 KPMG Global Automotive Executive Survey reveals how moving the
automotive captive financing industry online and towards a more
customer-centric model is a key driver for future success.

Paula Tompkins, CEO and founder of ChannelNet, is a pacesetter with five of
the ten largest global automotive captive finance companies as her clients.
BMW Financial Services recently renewed its eight-year relationship with the
software-as-a-service provider and Ally Financial signed on this year. Hyundai
Motor Finance, Volkswagen Credit, Audi Financial Services, Volvo, Mitsubishi
Motors, Kia Motors Finance and Southeast Toyota Finance also are customers.
ChannelNet expects a year-over-year sales increase of more than 40 percent in
2013.

“Our patented software platform, ChannelNet SiteBuilder, enables us to create
a unique customer experience for every corporate client and at the same time
automate the marketing and sales process. Each finance company can exploit
their own data to meet their specific business priorities. One of the most
critical elements of why our solutions are so in demand is it gives sales and
marketing the ability to follow the vehicle through the whole life cycle of
ownership,” explained Tompkins. “In this way, different business goals can be
achieved, such as call center volume reductions, lowering of direct marketing
expenses, increased customer retention and incremental sales increase.”

The most significant goal for their auto finance customers according to
ChannelNet, is to create a richer online experience that is personal and
ensures greater satisfaction for owners plus increases repeat business. The
company’s deep industry expertise combined with ChannelNet’s personal customer
microsites mean companies typically realize at least a five percent increase
in their customer retention rates, Tompkins noted.

“We know from our website tracking data that over 40 percent of the lenders’
customers use these microsites,” said Tompkins. After nearly 30 years of
digital marketing experience, Tompkins knows firsthand that when you educate
the consumer and help them realize what to expect, the consumer is left with a
favorable impression of the brand and is more inclined to do business with
that auto finance company again.

Tompkins and other Industry experts agree lease customer loyalty percentage
exceeds retail customer loyalty but a poor lease-end experience really hurts
retention.

“One of the biggest customer ‘turn-offs’ is the bill people receive at the end
of a lease to cover damage beyond normal wear and tear,” explained Tompkins.

“For example, most of our finance clients want to help their customers obtain
what is called ‘the perfect maturity bill,’ the last invoice the lessee
receives at the end of the lease,” explained Renee Triemstra, vice president
of strategy for ChannelNet. “No one wants a big surprise or a negative phone
call at the end of a lease. This discourages repeat business. With
ChannelNet’s interactive and educational approach via the personal microsite,
customer satisfaction is enhanced – and the benefits to the consumer and
company are huge.”

About ChannelNet

ChannelNet is a leader and a pioneer in delivering customer acquisition,
retention and conquest services via web-based solutions that integrate a
multi-channel sales environment. Using software-as-a-service (SAAS), its
experts connect leading automotive, financial services, home improvement and
retail companies with their customers to sell products and services through
local channels, including personalized microsites. ChannelNet’s patented
software enables consumers to research a purchase, view sales incentives, and
seamlessly complete transactions at a store, through a call center or on their
mobile device. The privately-held company, founded nearly 30 years ago, is
based in Dearborn, Michigan. It has a Western U.S. office in Sausalito,
California. For more information, visit www.channelnet.com.

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Contact:

for ChannelNet
Joan L. Witte
Cell: 734-646-0038
JoanWitte@theravenloon.com
or
Marty Habalewsky
Cell: 586-713-8941
mhabalewsky@yahoo.com