To paraphrase a quote from the character Ferris Bueller from the iconic 80’s movie – Life moves pretty fast, and so does technology. The strides made in the vehicle finance industry in the last few years, especially in these past few months, are incredible. Dealerships have to stop and adapt, so they don’t miss out…on success. Plus, many dealers know that consumers have a growing interest in conducting business online and from remote locations.
Compliance. The word alone can grab the attention of even the most experienced F&I managers. It seems that rules and regulations are continually evolving, so your dealership’s compliance must be taken seriously every day. The consequences for ignoring protocol could be devastating. Your dealership could face hefty fines and penalties.
Did you know RouteOne can support your ability to transact with consumers online and from remote locations? We have solutions that can help consumers complete as much of the purchase process as possible from the convenience of their home or a place of choice. Also, RouteOne tools allow for self-administered flexibility for your staff to access the consumer's information either from the dealership or home office.
We’ve enhanced our Mobile Document Capture Application to make it easier to send documents to an eContract digitally. All you need is your mobile phone. Our latest enhancement is complimentary to dealers and designed to save time and money while improving the customer experience.
If you’re a RouteOne eContracting dealer, you’re enjoying faster funding times while providing your customers with a smoother buying experience. You save time because information populates from your RouteOne credit application, your DMS, or wherever your deal begins, into a RouteOne eContract. The entire process is designed to reduce duplicate data entry. And let’s not forget about the cost-savings. Our data shows that most dealers will save an average of $23 on every eContract vs. a paper contract.
Dealer operations can often be a big ship with a small rudder. With all this movement in the technology revolution, what does it take to change course? The answer depends upon the lens through which you view technology, change, and what is happening in the industry.
An F&I process designed around a workflow can be more efficient, transparent, and profitable. BusinessDictionary.com defines workflow as a progression of steps, tasks, events, or interactions that make a work process and that adds or creates value to an organization. Our days consist of workflows, especially at our vocation, where we produce some work product at the end of a series of tasks.
As kids, you were probably told at some point to “play nice” with siblings, cousins, and classmates. As an adult, you automatically play nice with family, coworkers, customers, and the various people who cross your path in the course of your daily activities.
You cannot negotiate with a storm. Once it’s upon you, it dictates what you have to do. But knowing that the storm is coming means you have choices to make to prevent catastrophe. And when the weather forecaster and the umbrella salesperson work together, storms become something different altogether.