WarrCloud
WarrCloud offers a fully automated warranty processing solution for automotive dealerships and OEMs, significantly reducing costs and processing times while increasing revenue and accuracy.
Services
WarrCloud offers a fully automated warranty processing solution designed for automotive dealerships and OEMs. Their technology processes warranty claims in as little as 28 seconds and ensures 100% accuracy in claims processing. WarrCloud's system provides a full view of claim status and automatically updates with current OEM changes to ensure compliance. This automation not only boosts dealership revenue by 12% but also decreases warranty processing costs by 60%. Additionally, the system reduces the potential for OEM audits, improves cash flow by processing claims faster, and manages the rising costs of EV repairs.
Strategic Partnerships
WarrCloud has formed strategic partnerships with several companies to enhance its service offerings. Noteworthy partnerships include collaborations with Dealertrack, Dynatron, CDK Global, and AutoAp. The company also has a strategic partnership with Dynatron Software to streamline and increase the profitability of service departments. WarrCloud has joined the American International Automobile Dealers Association (AIADA) as an Affinity Partner and is also a member of the Missouri Automobile Dealers Association (MADA) and St. Louis Auto Dealers Association (SLADA).
Industry Awards
WarrCloud's innovative technology and solutions have earned industry recognition. The company won the NAVIcon Cup at the 2022 National Auto Venture & Investors Conference. This accolade highlights WarrCloud's significant contributions and advancements in automated warranty processing for the automotive industry.
Technological Innovations
WarrCloud's advanced technology ensures 100% accuracy in claims processing and reduces human error. The automated system processes all claims within 24 hours and significantly reduces the time and cost associated with manual claims processing. A study by WarrCloud showed that outsourcing warranty claims processing increased by 34% over 2020. The company's technology also supports the increased demand and higher costs of EV repairs, which are typically 29% higher than ICE repairs.
Financial Impact
WarrCloud's automated warranty processing significantly impacts the financial performance of automotive dealerships. Their technology can increase dealership revenue by 12% and decrease warranty processing costs by 60%. The automated system reduces the cost of manual claims processing, which typically consumes 12% of the gross profit from warranty revenue. This results in improved cash flow and reduced operational costs for dealerships. Investments from Argentum are supporting WarrCloud's growth, enabling the company to help dealers face margin pressures and increase their reliance on service revenue.