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| ADP Dealer Services Launches Digital Contracting Solution The Dealer Services Group of Automatic Data Processing Inc. has announced the release of its Digital Contracting solution. ADP's Digital Contracting solution automates the manual processes of the F&I deal. It decreases time from signature to approval, reduces the number of returned contracts, creates a manageable paper trail, lowers shipping costs, and delivers greater data accuracy. These greater efficiencies improve the speed of the deal, lead to increased customer satisfaction and give the F&I manager more time to explain the value of F&I offerings. ADP's Digital Contracting solution includes the F&I LaserStation with access to ADP's eForms Library, a comprehensive electronic library of F&I documents. F&I forms are selected from the eForms library to start the deal process. ADP's Digital Contracting solution also includes ADP's eContracting, for electronic signature capture and secure vaulting of signed forms, and the digital deal jacket, an electronic version of the paper deal jacket for long- term secure storage with easy retrieval. Another Digital Contracting component, ADP's eContracting Integration, enables the transmission of data and documents to aggregators, lenders, insurance companies and third-party forms providers. With ADP's Digital Contracting solution, electronic deal forms are collected and placed into an electronic deal jacket. This process begins during the sale, when a copy of the driver's license is captured and eventually a buyer's order is created. The process continues into the F&I office where the F&I manager guides the customer through the review process and has the customer sign deal forms via an electronic signature pad. As in the paper world, the F&I manager maintains control over the sequential order in which the forms are reviewed and executed. Each signed electronic deal document is automatically archived into the digital deal jacket. Once the deal is finalized in the back office, clerks can electronically transmit the deal forms to aggregators, lenders and other vendors. write your comments about the article :: © 2006 Computing News :: home page |