FARMINGTON HILLS, Mich. — Ally Financial is the latest finance source to add full econtracting capabilities, including electronic contract validation, signature and distribution, through RouteOne's indirect auto finance platform.
“Econtracting provides a variety of benefits to our dealers and streamlines the transaction for the consumer,” said Tim Russi, president of auto finance at Ally. “Ally continues to invest in our technology to provide dealers the tools for faster funding and increased customer satisfaction.”
RouteOne CEO Mike Jurecki said that the availability of financial sources like Ally helps to further drive the adoption of econtracting by dealers. RouteOne’s volume more than doubled in 2014. The company is now on pace to close 2015 with more than 4.5 million econtracts since the inception of RouteOne's econtracting technology.
The company attributed the growth in econtracting to dealers being able to leverage their current dealer management systems and other dealer service providers through open integrations to the RouteOne platform. RouteOne eContracting platform also provides compliance auditing throughout the entire contracting life-cycle. It offers a signing process that can be done using signature pads, tablets, or nearly any touch-screen device, according to the company.