Engs Commercial Finance Co., has launched a secure electronic signature (E-Signature) documentation solution for its Transportation Division.
This solution, which is among the first of its type in the commercial equipment finance space, has already been successfully implemented in Engs’ industrial and construction divisions, and is now available to transportation customers, the company says.
According to Engs, the company’s experience has shown that its E-Signature signing experience provides dealers and customers with a faster and better way to complete the sale.
“Having the ability to sign documents electronically will add significant efficiency along with overall security and compliance to the entire transaction process,” says Jim Freund, executive vice president of Engs Commercial Finance. “We understand the importance of being at the forefront of technology, and Engs is excited to utilize this tool companywide to increase productivity and improve the documentation experience for our dealers and customers.”
The company says E-Signature will provide the following benefits:
Mobile functionality: The customer can sign the documents anytime, anywhere, on the road or at home; the customer need-not come into the dealership to sign.
100 percent accuracy: E-Signature verifies that all documents are completed correctly, which means no delays in funding due to documentation mistakes.
Quicker funding: E-signature transactions will shorten documentation time, enabling us to pay the dealer quicker.
Better customer experience: The ENGS E-Signature process will simplify the process for the customer and the dealer, greatly enhancing the customer’s experience.