WarrCloud
A technology and service solution for automative warranty processing.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor investor | €0.0 Valuation: €0.0 | round | |
| N/A | €0.0 | round | |
* | $20.0m | Series B | |
| Total Funding | 000k | ||
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WarrCloud specializes in transforming automotive warranty processing for dealerships, focusing on reducing costs and increasing service department profits. The company serves automotive dealerships, particularly their service departments, which are a primary driver of gross profit. WarrCloud operates in the automotive warranty processing market, offering both in-house support for large dealer groups and complete outsourcing solutions. The business model revolves around providing technology and certified warranty professionals to manage warranty claims efficiently. WarrCloud makes money by charging dealerships for its comprehensive warranty processing services, which include end-to-end claims management, DMS integration, OEM payment confirmation, and technician payments. The company boasts significant results such as over 60% cost reduction, up to 10% increase in claim reimbursements, and claims processing up to 5 times faster, allowing dealerships to spend more time with their customers.
Keywords: automotive, warranty processing, dealerships, cost reduction, service profits, technology, outsourcing, claims management, DMS integration, OEM payments.