Podcast
Questions and Answers
What task must be completed before scheduling a Platform initiation Meeting?
What task must be completed before scheduling a Platform initiation Meeting?
When is it best to recommend a custom role in DRP?
When is it best to recommend a custom role in DRP?
Which of the following should be asked during Deal Gathering?
Which of the following should be asked during Deal Gathering?
What is the purpose of the 'Default Values' tool located in Sales Setup?
What is the purpose of the 'Default Values' tool located in Sales Setup?
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What is a key characteristic of a Capped Fee?
What is a key characteristic of a Capped Fee?
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What should not be visible during Loan Deal gathering?
What should not be visible during Loan Deal gathering?
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Which statement about DRP pricing integration is true?
Which statement about DRP pricing integration is true?
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Which supporting GM system provides inventory, pricing, and imagery for the DRP?
Which supporting GM system provides inventory, pricing, and imagery for the DRP?
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Study Notes
Platform Initiation Meeting Tasks
- Pre-onboarding questionnaires, forms, GMF, GM payment services, subdomains, training, D2C2 onboarding, pre-production spin-up, and kick-off meeting are all required prior to scheduling
- Assign champions for the platform
User Setup and Roles
- Roles define permissions for users, and user setup assigns roles to specific individuals
Deal Gathering
- Involve asking for funded deals and walking the dealer through deal entry in their DMS to ensure data consistency
Deal Gathering Questions
- Fees (capped or upfront), discounts, number of fees, standard accessories, and free car washes should be asked
GM DRP Deal Validation
- Ensure that GM DRP Deal Validation and Dealer CRM data are identical
Loan Deal Gathering Hidden Items
- Customer Personally Identifiable Information (PII) should not be visible during the loan deal gathering.
Loan Deal Gathering - Data Availability
- If the financed amount or adjusted amount is unavailable in loan deal gathering, inquire about the dealer's DMS for the data
Fee Review Questions
- Determine whether a fee is taxable, applicable to a lease, and a capped or upfront fee.
Default Values Tool
- The "Default Values" tool in Sales Setup defines preset values
Lease Working Cash Toggles
- These features control lease working cash toggles.
Fee Calculation Integration
- DRP uses integration for automated fee and tax calculation.
Fee Types
- Define the difference between capped and upfront fees.
Cap Cost Reduction
- A definition of Cap Cost Reduction is required
Product Enhancement in Next Version
- PEN (Product Enhancement in Next Version) is required
Credit Application Options
- Determine whether the DRP allows users to initiate deals using leads from their CRM
- Check if tax rates are adjustable on a per-deal basis
Loan/Lease Rate Source
- Loan or lease rates are pulled automatically from GM financial. Other lenders use default sales setup rates
iPad Casting Availability
- Check available iPad casting options for F&I menu, document display, car trade-in, and CRM Management in DRP
Deal Sync Initiation
- In DMS integration, initiate deal sync via a button.
GM System Data Provision
- GM System data (inventory, pricing, imagery) for DRP from a supporting system
Vehicle Eligibility in DRP
- Determine if dealers can add vehicles to DRP that are not in their DMS
CarBravo Ineligibility
- Determine ability to mark inventory ineligible to CarBravo in the DRP system.
Recall Information Availability
- Whether vehicle recalls are present within the DRP.
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Description
This quiz covers essential tasks for platform initiation and user setup, including onboarding questionnaires, assigning roles, and validating deal data. It emphasizes the importance of data consistency and confidentiality during loan deal gathering. Prepare for real-world scenarios related to GM DRP and deal validation processes.
