Unveil of Dealertrack Ready Sign Allows Signing of Any Deal
NORTH HILLS, N.Y., Aug. 20, 2020 /PRNewswire/ -- Dealertrack today announces the launch of Dealertrack Ready Sign, giving Dealertrack uniFI® platform users the flexibility to remotely sign and submit any deal document digitally as permitted by their state. Adding to this enhanced functionality, Dealertrack DMS Laser Forms will now also seamlessly integrate into Dealertrack uniFI to provide dealer staff with one continuous digital workflow. Combined, these enhancements streamline F&I and DMS forms into a single signing ceremony for consumers either in-store or remotely, enabling the enhanced and touchless customer experience critical to keeping deals on track regardless of the current environment.
Dealertrack also now offers the ability to create and save signature templates for frequently uploaded documents, which saves more time and steps from the deal workflow.
Over the past few months, digital solutions have quickly shifted from "nice to have" to "essential" for dealerships. In fact, according to Dealertrack sales and transaction data, between mid-April and mid-July 2020, interest in eContracting grew 94% while the number of contracts signed remotely rose by 97%.
"The Dealertrack Ready Sign functionality and Dealertrack DMS Laser Forms integration are the next steps in our ongoing effort to help dealerships adapt to an ever-accelerating shift online," said Cheryl Miller, vice president of operations for Dealertrack F&I Solutions. "With the ability to more securely upload, sign and submit all deal documents digitally from a single location, delivering an adaptable and paperless customer experience has never been simpler."
Using Dealertrack Digital Contracting with the new Ready Sign functionality, sales staff can add a signature block, date and initials to any deal document uploaded to Dealertrack uniFI. This enhancement significantly expands dealerships' eSigning capabilities beyond the traditional funding and compliance forms. Dealertrack users can now eSign – from anywhere – any dealership, state or other document that is eligible to be electronically signed by state law, including:
- Compliance – Credit application, credit bureau authorization and privacy notice
- Aftermarket contracts and final menu documents
- State specific forms such as odometer statement and buyer's guide (in states where digital signing is allowed)
- Dealership specific forms such as we owe, buyer's order and GPS disclosure
"Dealertrack Ready Sign allows us to be a more versatile and accessible retailer. It has removed obstacles and turned them into opportunities so our sales staff can sell more cars," said David Barash, finance director for Glassman Automotive Group in Michigan. "With Dealertrack Ready Sign, we can offer a simple, seamless, single signing experience for our customers and business managers either remotely or in-store. Enhancing the delivery experience puts the final touch on our version of digital retailing so our tech-savvy clientele can, if they choose, buy a vehicle in their pajamas from home!"
Streamlining the workflow further, Dealertrack DMS Laser Forms that previously needed to be signed in a separate session within the DMS can now be imported and signed in Dealertrack uniFI. As a result, what has historically been a frustrating process of printing and signing documents across multiple platforms is now possible virtually in a single signing session.
"I have been in the car business for 10 years and never thought I would have a single digital signing session," said Christopher Klein, finance manager for Bridgewater Chevrolet in Bridgewater, New Jersey. "With the Dealertrack DMS Laser Forms integration and Dealertrack Ready Sign technology, I can now truly give our customers what they have been asking for – less time at the dealership doing paperwork. Getting them in and out – whether virtually or in-person – in no time with a simple, easy, streamlined experience is giving our customers that 'wow factor,' which to me is priceless."
For more information on Dealertrack Digital Contracting and these new enhancements, visit go.dealertrack.com/godigital.
Dealertrack provides industry-leading software solutions that give dealerships, lenders, and partners the confidence to thrive in an ever-changing automotive market. The company's integrated suite of powerful easy-to-use products and services helps dealerships and their lending partners grow by increasing efficiency and improving decision-making. Dealertrack is part of the Cox Automotive family, a company that is transforming the way the world buys, sells, owns and uses cars. Dealertrack—along with its unmatched network of dealership and lending partners—is improving the car buying experience by embracing the technologies that will shape the future of automotive retail. For more information about Dealertrack, visit www.dealertrack.com.
About Cox Automotive
Cox Automotive Inc. makes buying, selling, owning and using cars easier for everyone. The global company's 34,000-plus team members and family of brands, including Autotrader®, Clutch Technologies, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto® and Xtime®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with revenues of $21 billion. www.coxautoinc.com
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