Ally Financial will now have full eContracting capabilities available to dealers nationwide through RouteOne’s indirect auto financing platform. The solution provides retail contract validation, signature, and distribution – all done electronically. It is supported by open integrations to leading dealer management system (DMS) providers in the U.S. dealer market.
“We are pleased to have Ally become part of eContracting on RouteOne,” stated Mike Jurecki, RouteOne Chief Executive Officer. “The availability of leading financial sources, like Ally, further drives the adoption of eContracting by dealers, and enhances the entire vehicle purchasing journey for all parties involved: dealers, finance sources, and customers.”
RouteOne has a long and proven track record with eContracting. Its volume more than doubled in 2014 and by the close of 2015, is on target to exceed 4.5 million eContracts booked since inception. Momentum continues to accelerate, due to strong participation by finance sources and a growing list of over 5,000 dealers, with coverage in all 50 states.
Growth is further building because dealers can easily leverage their current DMSs and other DSPs in support of the eContracting process through open integrations to the RouteOne platform. Finally, RouteOne eContracting provides compliance auditing throughout the entire contracting life-cycle and a flexible, consumer-friendly signing process that can be done using signature pads, tablets, or nearly any touch-screen device.
The addition of Ally to eContracting through RouteOne’s platform reflects Ally’s digital capabilities and commitment to an industry that is shifting toward a digital marketplace.
“eContracting provides a variety of benefits to our dealers and streamlines the transaction for the consumer,” said Tim Russi, president of auto finance at Ally. “Ally continues to invest in our technology to provide dealers the tools for faster funding and increased customer satisfaction.”
Dealers and finance sources interested in eContracting can contact RouteOne at 866.768.8301.
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 flagship products include credit applications, eContracting, compliance, and online/mobile retail services. In addition, RouteOne enables dealer choice across a wide variety of best-in-class providers through open integrations with over 125 DSPs. More information is available at www.routeone.com.
About Ally Financial Inc.
Ally Financial Inc. (NYSE: ALLY) is a leading automotive financial services company powered by a top direct banking franchise. Ally's automotive services business offers a full spectrum of financial products and services, including new and used vehicle inventory and consumer financing, leasing, vehicle service contracts, commercial loans and vehicle remarketing services, as well as a variety of insurance offerings, including inventory insurance, insurance consultative services for dealers and other ancillary products. Ally Bank, the company's direct banking subsidiary and member FDIC, offers an array of deposit products, including certificates of deposit, savings accounts, money market accounts, IRA deposit products and interest checking. Ally's Corporate Finance unit provides financing to middle-market companies across a broad range of industries.
With approximately $156.1 billion in assets as of Sept. 30, 2015, Ally operates as a financial holding company. For more information, visit the Ally media site at http://media.ally.com or follow Ally on Twitter: @Ally.