Professors at Purdue University Fort Wayne (Ind.)’s Center for Applied Mathematics and Statistics collaborated with VisionMenu to create a DMS-compatible lease calculator. 
 - Photo by Abhijitsathe via Wikimedia Commons

Professors at Purdue University Fort Wayne (Ind.)’s Center for Applied Mathematics and Statistics collaborated with VisionMenu to create a DMS-compatible lease calculator.

Photo by Abhijitsathe via Wikimedia Commons

FORT WAYNE, Ind. — VisionMenu Inc., in collaboration with Purdue University Fort Wayne (Ind.), has released Lease Payment Solver, a new tool designed to reverse-engineer the setups for lease calculations with any DMS.

“Four years ago, we approached Purdue Fort Wayne’s mathematics department and its Center for Applied Mathematics and Statistics to help us solve a problem with matching lease calculations at auto dealerships,” says Ron Martin, president of VisionMenu Inc. “At the time, we had no idea what a chronic problem it was for dealerships that needed to match their DMS payments when using a third-party application.”

The solution began as a research project to manually match the payment of the dealerships who used the Vision Dealer Solutions finance menu tool. After hundreds of test cases, the CAMS team discovered a pattern to the results. Executives said the tool now allows the user to get “penny-perfect” payments for leasing scenarios, and the company will treat the tool as proprietary only at first, with plans to share the technology with other third-party applications in the future.

Peter Dragnev, professor and chair of the Department of Mathematical Sciences and co-director of the CAMS team that found the solution, said, “Working with VisionMenu Inc. on the project was quite a rewarding experience for us.” Other members of the team include co-director and professor of mathematics Jeff Anderson and associate professor of mathematics Dan Corian, according to the announcement.

Originally posted on F&I and Showroom

0 Comments