Dealers now have access to the Provider Exchange Network (PEN), which boasts the industry’s largest network of providers, through RouteOne.
FARMINGTON HILLS, Mich. (PRWEB) February 05, 2020
RouteOne, the industry leader in eContracting, continues to improve its eContracting process by expanding access to aftermarket providers and protection products within its eContracting platform. Dealers now have access to the Provider Exchange Network (PEN), which boasts the industry’s largest network of providers, through RouteOne. This allows dealers to rate protection products within RouteOne eContracting, electronically sign all documents during the RouteOne eSigning ceremony, and remit as part of the electronic distribution proces. This expanded access to providers through PEN continues to streamline RouteOne eContracting, creating a better signing process for consumers, cleaner funding package for finance sources, and an automated remittance process for dealers.
RouteOne’s robust eContracting platform connects to:
- 9,000+ eContracting dealers
- 90+ eContracting finance sources
- 115+ aftermarket providers – directly and supported by PEN
- 13 eContracting-integrated DMSs
Making nearly 80% of all RouteOne credit applications eligible to be eContracted.
RouteOne’s complimentary service, Aftermarket Rating & Contracting, has seen tremendous growth and adoption amongst dealers with OEM-branded protection products over the last year. RouteOne provides access to 43 OEM-branded protection products within its platform and more than 80% of those eligible forms are being electronically originated through RouteOne’s eContracting. This process continues to support the core foundation upon which RouteOne eContracting was developed - cleaner funding for finance sources, which results in faster funding for dealers, and a great experience for consumers.
“In 2019, dealers processed over 1.5 million provider transactions through RouteOne’s Aftermarketing Rating and Contracting service,” stated Amanda George, RouteOne’s Senior Vice President, Product Development. “We look forward to continuing to enhance efficiency and improve the customer experience our dealers offer their customers, within eContracting, over the coming year with the increased availability of providers through our integration to PEN.”
Dealers interested in enhancing their customer signing experience on RouteOne’s eContracting platform can do so by signing up for our complimentary Aftermarket Rating and Contracting service through the Premium Services page of RouteOne, or by contacting their RouteOne Business Development Manager at 866.768.8301 or http://www.routeone.com/salesteam.
RouteOne was formed in 2002 by Ally Financial, Ford Motor Credit Company, TD Auto Finance, and Toyota Financial Services to improve the F&I process for automobile dealers and their customers. Connecting thousands of dealers and finance sources in North America for vehicle financing, RouteOne’s platform delivers a comprehensive suite of F&I solutions across multiple channels: in-store, online, mobile, and via third-party solutions. Its product line-up includes digital retail, credit application, eContracting, menu, and compliance solutions. In addition, RouteOne enables dealer choice across a wide variety of best-in-class providers through open integrations with over 200 DSPs. More information is available at http://www.routeone.com.