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eContracting Enables Big Efficiency Gains for Auto Dealers
2013-05-12 16:03:11| AutomotiveDigest.com - Automotive Industry News
The adoption of eContracting is gaining speed as automotive dealers and lenders alike try to maximize efficiency and market share in a fiercely competitive, tightly regulated market. eContracting can be a significant improvement over manual processes and sending information by phone or fax because it greatly reduces the time needed sometimes to mere minutes for loans to be approved and funded. Taking time and paper out of the process enhances customer satisfaction, facilitates faster receipt of deal payments from lenders, and results in greater cost savings and fewer errors. According to Scott Hendriks, of Fiserv, eContracting is becoming intrinsically linked to current auto finance business best practices. Ignoring the rewards of this technology is virtually impossible, especially in todays environment of regulatory requirements and higher consumer expectations. [Read more]The Article eContracting Enables Big Efficiency Gains for Auto Dealers appeared first on Automotive Digest.
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Category:Automotive