The finance and insurance (F&I) process seems to become more complex every year. Once done through a (seemingly endless) series of phone calls and paperwork, F&I has become more automated in recent years thanks to new software solutions. Auto dealers now have access to reasonably affordable software that can automate and organize their operations and save them time (in theory).
Because of the complexity of the F&I process, it was a common place for errors to crop up in the vehicle selling process. A good software system will help your dealership remain in compliance with regulatory laws and measures. Ideally, it should be a “point and click,” menu-driven solution that will help car sellers put together a range of good options for customers in a relatively painless fashion, aggregating a lot of time-consuming individual processes into one software suite.
Read the full article at Cantin Automotive Insider.