AppOne, a leading provider of indirect lending workflow and productivity solutions for RV, marine, powersports and specialty dealerships and lenders, announced a collaboration with RouteOne, a key industry provider of a comprehensive suite of F&I solutions across in-store, online, mobile and third-party channels. The collaboration delivers complete eContracting functionality inside the AppOne platform, AppOne said in a recent release.
eContracting moves error-prone, manual paper processes to a digital setting to make deals more efficient, compliant and accurate. Through the collaboration with RouteOne, credit applications, credit decisions, document preparation, signature capture, deal submission and contract validation are all securely managed in one place, so the F&I manager no longer has to switch between multiple screens and platforms. This improvement in F&I elevates the customer experience while enabling the F&I manager to increase efficiency in building customer relationships, AppOne said. It also results in a stronger compliance solution, as contracts are stored in a secure digital vault once complete.
The process looks like this:
- Dealer submits the credit application and receives the lender decision
- Dealer submits the finalized deal to the lender to be validated
- Lender verifies the deal information and validates the contract
- Dealer prepares all required forms for eSigning
- Buyer and dealer eSign forms as needed
- Signed authoritative copy of contract is vaulted securely with RouteOne
- Dealer finalizes funding packet and sends it electronically to the lender
- Lender sends the final approval, books the contract, and funds the dealer
“Partnering with RouteOne has been invaluable to creating the best workflow that creates efficiencies and smoother transactions,” said Chet Heughan, president of AppOne. “We couldn’t be more thrilled to be rolling out eContracting across the nation.”
To address complex state regulations and limit issues or delays, AppOne said it is approaching the release in a controlled fashion. eContracting is now available for select lenders in Florida, North Carolina and South Carolina. It will be available in Texas, California and Ohio this summer, with additional states to follow.
“Our collaboration with AppOne reflects a shared commitment to simplifying the contracting and funding process for dealers and lenders,” said Alexander Mandeville, director, strategic partnerships at RouteOne. “By bringing RouteOne’s eContracting capabilities directly into the AppOne platform, we’re helping create a more efficient, connected workflow that reduces friction and supports faster, more accurate transactions. We couldn’t be more excited about extending our collaboration with AppOne to help advance the industry.”
For more information about AppOne’s eContracting, visit home.appone.net/solutions/econtracting or talk to your AppOne representative.
