Canopy Connect founder and CEO Tolga Tezel says its technology helps Cox’s e-commerce offering provide end-to-end online car-buying.
Canopy Connect
Cox Automotive and Canopy Connect, an insurance verification platform, collaborated to embed insurance verification and servicing capabilities into Cox’s e-commerce solution to enhance online car-buying for consumers and dealerships.
Cox Automotive Ecommerce provides a fully automated and online consumer car-buying experience. Through automation and artificial intelligence capabilities, the companies said the collaboration will improve on the traditional deal process while delivering increased efficiency and fraud-prevention.
Approximately 70% of car shoppers engage in some form of identification verification during their shopping, according to Cox Automotive Ecommerce Platform Analytics. Integrating Canopy’s insurance verification and servicing technology builds on Cox’s vision to transform the auto retail transaction, making it more convenient for consumers to verify their insurance and reducing risk of fraud for dealers.
“We set out to build an end-to-end online car-buying platform and knew that insurance verification was a key part of the F&I process that was missing,” said Paulo da Silva, Cox VP of Operations for Ecommerce. “We worked with Canopy Connect’s technology and team to bridge that step so our dealer partners can create a trusted and comfortable environment for online transactions with their consumers.”
“Canopy Connect’s technology helps Cox Automotive Ecommerce realize its vision for an end-to-end online car buying experience,” said Canopy founder and CEO Tolga Tezel. “We look forward to further integrations with Cox Automotives’ portfolio of products to add insurance verification and servicing capabilities.”
