AppOne, a provider of indirect lending workflow and productivity solutions for recreation vehicle, marine, power sports and specialty dealerships and lenders, has collaborated with RouteOne, an industry provider of F&I solutions across in-store, online, mobile and third-party channels, to deliver complete e-contracting functionality in the AppOne platform.
E-contracting moves error-prone, manual, paper processes to a digital setting to make deals more efficient, compliant and accurate. Through the collaboration, credit applications, credit decisions, document preparation, signature capture, deal submission and contract validation are all managed in one place so the F&I manager no longer has to switch between multiple screens and platforms.
The improvement in F&I is designed to elevate the customer experience while enabling the F&I manager to increase efficiency in building customer relationships. It also is intended to provide a stronger compliance solution, as contracts are stored in a secure digital vault once complete, according to AppOne.
The process looks like this:
1. A dealer submits a credit application and receives the lender decision.
2. The dealer submits the finalized deal to the lender to be validated.
3. The lender verifies the deal information and validates the contract.
4. The dealer prepares all required forms for e-signing.
5. The buyer and dealer e-sign forms as needed.
6. Signed authoritative copy of contract is vaulted securely with RouteOne
7. The dealer finalizes the funding packet and sends it electronically to the lender.
8. The lender sends the final approval, books the contract, and funds the dealer.
“Partnering with RouteOne has been invaluable to creating the best workflow that creates efficiencies and smoother transactions,” said AppOne President Chet Heughan. “We couldn’t be more thrilled to be rolling out eContracting across the nation.”
To address complex state regulations and limit issues or delays, AppOne is approaching the release in a controlled fashion. E-contracting is now available for select lenders in Florida and the Carolinas, to be followed by Texas, California and Ohio this summer. Additional states will follow.
“Our collaboration with AppOne reflects a shared commitment to simplifying the contracting and funding process for dealers and lenders,” said Alexander Mandeville, director, strategic partnerships at RouteOne. “By bringing RouteOne’s eContracting capabilities directly into the AppOne platform, we’re helping create a more efficient, connected workflow that reduces friction and supports faster, more accurate transactions. We couldn’t be more excited about extending our collaboration with AppOne to help advance the industry.”
For more information about AppOne’s e-contracting, visit its website or talk to your AppOne representative.
