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Open Dealer Exchange

@opendealerexchange.com

Open Dealer Exchange is a joint venture between CDK Global and the Reynolds and Reynolds Company.

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About

Description

Open Dealer Exchange is a technology hub based in Farmington Hills, Michigan, dedicated to transforming the Automotive Finance & Insurance workflow. Established in 2009 by CDK Global and Reynolds & Reynolds, two leading Dealer Management System providers, Open Dealer Exchange enables seamless integration between dealerships and a nationwide network of auto lenders, aftermarket providers, and credit bureaus, streamlining the lease and financing process for car buyers nationwide. Their flagship product, The Digital Dealยฎ, automates the entire car buying experience for Dealers and Lenders.


It allows dealers to electronically sign and send fully validated contracts and lease agreements directly from their Dealer Management System to a Lender's Loan Origination System (LOS). This results in a faster and more efficient buying, borrowing, and service experience for dealerships and their customers, while also enabling lenders to fund transactions more quickly. Open Dealer Exchange also values its employees and promotes a positive work environment through various employee-driven committees.


Diversity and inclusion are fostered through the DE&I committee, community engagement is encouraged through the ODEGetsACTIVe committee, and company-wide activities and events are organized by the ODE Life committee. Open Dealer Exchange is committed to empowering its employees and making them feel safe, heard, and valued

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Company Type

Partnership

Company Size

201-500

Year Founded

2009

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