In an effort to help dealers and finance companies benefit from the use of digital technologies, Dealertrack announced this week that Volvo Car Financial Services is now available for eContracting with Volvo dealers nationwide on the Dealertrack platform.

The company highlighted the decision to go national was based on the results of a completed regional pilot, during which participating dealers expressed satisfaction with the enhanced customer experience and streamlined process in Dealertrack’s Credit Application Network, leading to faster and often same-day contract funding.

From generating contracts for execution to the electronic verification, signature, submission and storage of contracts, Dealertrack emphasized that it can deliver a “true, end-to-end” eContracting solution for dealers and finance companies. Since introducing its eContracting solution several years ago, Dealertrack has helped finance companies and dealers book more than 3 million eContracts.

“We see eContracting as an important part of the vehicle buying process today and in the future,” said Peter Wexler, vice president of sales and marketing at Volvo Car Financial Services.

“The ability of Volvo Car Financial Services to now offer eContracting via the Dealertrack platform will help Volvo dealers improve their contract process, receive faster funding and enhance the overall customer experience,” Wexler added.

According to Mark Furcolo, senior vice president of lender solutions at Dealertrack, “Through the years, Volvo dealers have leveraged a broad range of Dealertrack solutions and services, including our Dealertrack DMS, eMenu, Aftermarket and Compliance solutions, as well as our Credit Application Network, as part of their overall sales and F&I workflow.

“The ability to electronically contract through the Dealertrack platform builds upon our long-term partnership with Volvo to further help their dealers transform and streamline the financing process across each of their dealerships,” Furcolo went on to say.