OPEN DEALER EXCHANGE, LLC
SOUTHFIELD,, MI

Open Dealer Exchange, LLC (ODE), established in Farmington Hills, MI, is a distinguished leader in transforming the vehicle finance industry through its innovative eContracting solutions. Founded on December 14, 2009, ODE operates as an independent entity with foundational support from CDK Global™ and The Reynolds and Reynolds Company. The company's revolutionary software is integrated into DMS (Dealer Management Systems) used by a vast majority of dealerships globally. This integration allows for seamless back-end processing that facilitates electronic loan transactions between dealers and lenders. ODE offers more than just an electronic portal; it provides a comprehensive digital solution that automates the entire vehicle financing process, enhancing data integrity and simplifying compliance across all stakeholders. Open Dealer Exchange ensures accurate contract matching to vehicles and delivers complete transparency to lenders by bundling full transaction data. This approach not only reduces discrepancies but also streamlines workflow for dealers and providers while ensuring lenders receive detailed loan data. Under the leadership of figures like Michael Mengyan and guided by a management team boasting decades of industry experience, ODE is committed to delivering innovation in electronic vehicle finance. ODE's open-platform approach allows integration with various dealer system providers and financial sources serving the automotive industry. As an active player in fostering digital transformation within the sector, Open Dealer Exchange leverages its robust technological framework and seasoned expertise to revolutionize vehicle financing processes globally.