August Finance Source Newsletter | RouteOne

August 2016 Finance Source Newsletter

Within the RouteOne Finance Source August Newsletter, you will gain a better understanding the RouteOne features and products available for you today, and learn about how consumers' expectations change as technology evolves. Plus, you will get informational tips on the RouteOne system, highlights from J.D Power's latest study, gain access to RouteOne's upcoming compliance webinar, and more!

Improving the Member Experience at the Point of Sale

As technology evolves, consumers’ expectations change along with it.

Make it easy for customers to do business with you by having the right technology in place to reach them at the point of sale and create a faster, more efficient experience for all parties involved. You can learn about choosing and implementing the right technology and tools for your finance source, in RouteOne’s new eBook ‘Indirect Financing and eContracting’ eBook. Throughout the eBook, you will gain a better understanding of:

  • Indirect auto financing;
  • Improving processes through eContracting; and
  • Another option to eContract, through DiscountOne.

For more information on eContracting or a similar contracting solution, such as DiscountOneclick here, or contact your RouteOne Account Representative for additional information.

Are You Taking Advantage of this Key Opportunity to Grow Your Business with Dealers?

 

A recent SubPrime Auto Finance News article, “3 Attributes dealers want from finance companies,” mentions J.D. Power’s results from its 2016 U.S. Dealer Financing Satisfaction Study. According to the article, the analysts identified several key findings, correlated with how dealers choose their finance sources. 

A key opportunity found in this study was that the speed of financing still holds a significant role for dealerships when choosing a finance source! More specifically, the study found that “when finance companies fund error-free contracts on the same day as they are submitted, the dealer satisfaction increases by as much as 64 points” and “when finance companies notify dealers of contract issues or errors within four hours after they are submitted, satisfaction also increases by as much as 60 points.”

Overall, dealers enjoy working with finance sources that have an efficient, yet dependable vehicle contracting and funding process. Does your finance source take advantage of the key opportunity of speed to expand your business with dealers? If not, consider utilizing a solution, such as RouteOne's eContracting or DiscountOne. Through RouteOne’s eContracting platform, critical contract documents and data can be transmitted between dealers and finance sources in a matter of minutes, not days or weeks. As a result, it enables you and your dealers partners to work smarter and more efficiently. For more information on RouteOne eContracting, click here or contact yourRouteOne Account Manager.

RouteOne System Tip

Is your browser providing you the optimal RouteOne experience?

The RouteOne system supports a variety of browsers including Internet Explorer® and Google Chrome™. However for optimal performance it is recommended you use Internet Explorer 9, 10, or 11 especially when conducting tasks such as resetting your password, or communicating with dealerships. For more information on the supported operating systems, suggested browsers, and more, please click here.


Internet Explorer® is either a registered trademark or trademark of Microsoft Corporation in the United States and/or other countries. © 2016 Google Inc. All rights reserved. Google Chrome™ browser is a trademark of Google Inc.

RouteOne’s Upcoming Compliance Webinar is Now Open for Registration!

A strong compliance strategy is becoming more important than ever before.

Join us on September 21, 2016 at 1 PM EDT for a complimentary webinar, 2016 CFPB and FTC Update: All About Add-Ons, which will provide a brief background on the agencies, highlight 2016 regulatory developments, and offer an update on new RouteOne functionality and compliance offerings.


While the webinar is focused for dealerships, finance sources are also welcome to join, and will benefit from, the compliance webinar. To register for the upcoming compliance webinar, click here.

Recent System Enhancements

RouteOne continuously works to improve your experience with RouteOne.

Here are some of the enhancements we made to our platform this quarter:

  • A refreshed design to the RouteOne platform
  • New ability to purge contracts from a vault
  • Expansion of contract package distribution size to 16 MB
  • Ability for dealers to redistribute a rejected contract

For more information on recent system enhancements, please refer to the Release Notes found in the 'News/Info' tab within the RouteOne system, or contact your RouteOne Account Manager for more information. If you’re interested in the contract purge features, please contact the integration team.

Future Availability of Arbitration Forms for eContracting

RouteOne is releasing additional arbitration language forms

Today, finance sources in several states now have the option to use this form, including: Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Illinois, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, and Wisconsin.

If your state is not yet available and you’re interested in receiving the arbitration version of the LAW® contract, please contact your RouteOne Account Manager for more information.

LAW is a registered trademark of Reynolds and Reynolds.

RouteOne In The News

Todd Mason, RouteOne’s CSO, Featured as SubPrime’s Trailblazers, Innovators, Disruptors
RouteOne continues to pave the way as a technology leader, as our Chief Strategy Officer, Todd Mason, was recently recognized as one of the top Trailblazers, Innovators, and Disruptors in SubPrime Auto Finance News Magazine.

How to Prevent Security Breaches in Your Service Lane
Dan Doman, RouteOne’s Chief Legal and Privacy Officer, shares how to prevent security breaches by monitoring your employees and your computer systems in recent Dealer Marketing Magazine article. Read more.

Establishing and Maintaining Finance Source Relationships
Brad Rogers, RouteOne’s Chief Operating Officer, explains the key behind establishing and maintaining solid relationships with finance sources in recent Used Car Dealer Magazine article (page. 51), “Establishing and Maintaining Finance Source Relationships”. Read more.