CDK launches electronic F&I solution

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Updated Jan 29, 2021
06.20.CDK Global-min

CDK Global has launched Sign Anywhere, its new remote electronic signing solution.

CDK Global says Sign Anywhere will enable dealers to offer customers a secure, quick and convenient way to electronically sign the majority of finance and insurance (F&I) forms needed to purchase a vehicle without having to be present at the dealership. With Sign Anywhere, deals can receive funding in hours following a vehicle purchase. The tool is a free addition to customers who have CDK eSign, the company says.

“CDK continues to invest in products that will help our customers accelerate their digital transformation as we prepare for a new automotive retail landscape,” says Mahesh Shah, executive vice president and chief product and technology officer, CDK Global. “Dealers can count on Sign Anywhere to enhance customer experience and expand their digital capabilities beyond the showroom floor without sacrificing time or security.”

CDK adds Sign Anywhere houses a portfolio of F&I forms in one secure digital location for dealerships and customers. As part of the solution, dealers can load forms into a Digital Deal Jacket (DDJ). Customers access the forms via multi-factor authentication and can electronically sign those documents at their convenience. Once customers sign, the dealership can securely proceed with the completion of the sale, the company says.

Sign Anywhere also shortens the time it takes compatible lenders to fund completed vehicle purchases for dealers. CDK says what typically could take four to six days for lenders, now can be processed in 24 hours or less.

“At CDK, the success of our customers is what drives us, and we feel it is our responsibility to provide tools that will sustain their continued growth today and in the future,” says Michael Seeman, vice president, Customer Success, CDK Global. “With Sign Anywhere, dealerships stand out from the competition with a new omnichannel approach that gives customers convenient options to experience the car-buying process as they choose.”

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