CARMEL, Ind. — NextGear Capital, a provider of inventory financing, announced the launch of AutoPay, a new feature within the company’s Account Portal management platform.

Account Portal provides detailed, real-time account overviews for dealers and auction partners, and includes a dashboard designed to show analytics and payment history on any device. The new AutoPay feature allows dealers to opt into a recurring and automated payment system that schedules NextGear Capital payments.

 “As a result of our long-standing history of working with dealers, NextGear Capital has a deep understanding of what dealers value when it comes to accessing information on vehicles and financing,” said Sarah Lutey, NextGear Capital’s director of product strategy. “We brought this understanding to life through Account Portal and AutoPay, which puts the dealer front and center, making it easier for them to do business anywhere, at any time.”

Account Portal provides dealers with the flexibility of financing vehicles from a mobile device, searching financed vehicles by status and accessing account analytics. Other features include viewing lines of credit summary information for all NextGear Capital accounts and identifying information for a unit (from payment history to aging and total cost to floor). With the added option of AutoPay, dealers have even more flexibility when it comes to choosing how they want to manage their business without worrying about missing a payment, officials said.