November 2016 Finance Source Newsletter | RouteOne LLC

November 2016 Finance Source Newsletter

Within the RouteOne Finance Source November Newsletter, you will gain a better understanding what's new with our system so that you can get the most out of all that RouteOne offers. Within the newsletter, you will be able to register for our upcoming compliance webinar, gain system tips, learn about the highlights from recent system enhancements, and more!

Since 2015, There Has Been Nearly a 20% Increase in Active eContracting Dealers on the RouteOne Platform!


 

More Dealers Than Ever Are Using eContracting to Fund Their Deals!

According to recent SubPrime Auto Finance article, ‘3 Attributes dealers want from finance companies,’ dealers choose their finance source based on the speed of their funding decision and process. The 2016 U.S. Dealer Financing Satisfaction Study stated that "Dealers enjoy working with finance sources that have an efficient, yet dependable vehicle contracting and funding process."

Don’t allow your competitors to have an advantage. Start increasing your contracting efficiency with RouteOne eContracting! With eContracting, your finance source will be able to manage contracts effortlessly, share information with dealers easily and deliver a seamless experience to your dealerships. For more information on RouteOne eContracting, click here. And if eContracting is not in your timeline, ask us about our low-cost solution, DiscountOne.

*Data from Sept 2015 – Sept 2016

Upcoming Compliance Webinar: ‘2016 Compliance Recap: A Year in Review’

The webinar will be held on December 7th at 1 PM (EST) – Registration is open!
 

On Wednesday, December 7th, RouteOne will be hosting a compliance webinar focused on reviewing what happened in auto dealer compliance in 2016, including a recap of our webinars: 2016 FTC Update2016 Security Update, and All About Add-Ons. The webinar is intended to help dealers build an understanding the current legal landscape of compliance and learning about the importance of a secure and compliant dealership.

During the webinar, the following topics will be discussed:

  • The cost that comes with non-compliance;
  • The FTC and its recent enforcement actions;
  • Required elements of a dealership information security program; and
  • The CFPB scrutiny of add-on products.

The webinar is available for both dealers and finance sources. To watch a recording of RouteOne's compliance webinar, that was held on December 7th, click here.

RouteOne System Tip

Dealers are now able to easily access the Buy Rates for every deal!

RouteOne has added the Buy Rates for deals within the Decision Snapshot in the Deal Manager page. The Decision Snapshot view will share the Buy Rate for that deal, like shown in the example below.

Recent System Enhancements

We’re continuously working to improve your experience with us!

This quarter, here are some of the system enhancements we made to our platform:

  • Finance sources that support the Deal Refresh feature within RouteOne, you can now automatically withdraw the Deal Refresh option for dealers on deals that are expired or have exceeded a particular date criteria.
  • Finance sources that support eContracting now have the ability to send specific eContracting distribution fault messages back to eContracting dealerships.

For more information contact your RouteOne Account Manager, or email Partnerintegrationteam@routeone.com. For more information on recent system enhancements, please refer to the Release Notes found in the 'News/Info' tab within the RouteOne system.

If You Already Haven't Heard...

Internet Service Provider (ISP) Outages on October 21st

As you may have learned from the news or even firsthand, much of the Internet was impacted this past Friday, October 21st by a Distributed Denial of Service (DDoS) attack. The attack affected access to numerous websites ranging from Netflix to PayPal to CNN to RouteOne and countless others.

The attack was not directed at RouteOne or any individual website, nor were our systems ever jeopardized. While it was beyond our control, we realize it may have interrupted our service to you, which we take seriously. As a result, we want to reassure you of our dedication to system availability and data security. Moving forward, we are looking into the additional steps to help mitigate against future Internet-wide and other such attacks.

For more information regarding the ISP outage, please refer to Money article, “Widespread cyberattack takes down sites worldwide,” here.

Availability of Arbitration Forms for eContracting

RouteOne has completed the release of the arbitration language forms.

Today, finance sources now have the option to use the arbitration language form in any U.S. state (excluding Arkansas and Nevada). For more information on 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

Dealers and Digital Disruptors: Who Do You Trust?
RouteOne provides tips on how to evaluate the trustworthiness of disruptors in a recent Dealer Marketing Magazine article (page. 22), “Dealers and Digital Disruptors: Who Do You Trust?” Read more.

How Mobile Satisfies the 4 C’s of Customer Experience
RouteOne shares insights on customer experience with the dealership in a recent Dealer Marketing Magazine article, “How Mobile Satisfies the 4 C’s of Customer Experience.” Read more.

Sales & Contracting Anytime, Anywhere, On Any Device
RouteOne explained that consumers now have access to a vast amount of data, and how the automotive market is vastly changing, in a recent Used Car Dealer Magazine article (page. 32), “Sales & Contracting Anytime, Anywhere, On Any Device.” Read more.

Finance Sources Now Supporting

RouteOne's Payoff Quote Feature
First Commonwealth Bank, Union Bank, and 70+ other finance sources