Making it easy to do business with NextGear Capital
Time is money and in terms of stock funding, no business is doing more to help speed up the stock funding process than NextGear Capital – and since its launch in September the business has used its latest initiative designed to speed up the process even further. It is a move perfectly timed for the influx of used cars that is expected to follow the 161 plate change.
The outlook for automotive retailing across Ireland is a confident one with the OECD forecasting strong expansion in the Irish economy over the next two years. Importantly, growth will provide momentum to job creation and household consumption will be supported by labour earnings growth. It is this consumer growth that provides optimism for the car market. To help dealers get the stock they need when they need it to support expected consumer demand, NextGear Capital has further enhanced its stock funding support moving to a 100% digital operation. It is a process that is now fundamentally completed. NextGear Capital work with their dealers to make buying stock simple and fast.
The latest development announced by NextGear Capital is a move to the use of electronic signatures using highly respected DocuSign technology. The introduction of this paperless solution for faster and more convenient contracts will make working with NextGear Capital even easier! With an eye to the 161 peak in sales, dealers looking to add a NextGear Capital stock funding facility, they can be assured that their application will be turned around rapidly.
DocuSign is a software application that enables dealers to sign legal contracts using an electronic signature. Dealers need to simply respond to an emailed contract, responding from their smartphone, tablet or desktop PC, whenever and wherever it suits them. The days of waiting for a contract to arrive by post or email are now a thing of the past.
As well as taking vital time out of the remarketing process, DocuSign replaces the printing and posting of documents, so it is more environmentally friendly as well.
NextGear Capital Managing Director David Mercer notes; “We are happy to be obsessive about our leading role in taking small steps on a continuous basis to speed up the vehicle funding process. The use of electronic signatures is the latest step in our quest and means we have a paperless core business model. We have found that dealers have been happy to readily embrace this new technology, in both the UK and Ireland. We have consciously made it dealer friendly and launched it with a clear message, ‘we want to make it easy to do business with us.’ Our electronic signature approach speeds up the contract setup phase significantly, taking around 10 days out of the process. It seems to have been very well received.”
DocuSign are a company providing electronic signature software who are trusted by millions globally.