No matter whether it’s a registration form with a legally valid signature, copies of a driver’s license, proof of income or other confidential documents, even in this age of digitization, paper-based documents still play an essential role in the processing of vehicle financing. In the most cases, car dealers transmit confidential contract documents by means of fax to the responsible credit institution. The fax standard is used because it is tried and tested as well as being highly standardized. At the credit institution, the contract documents are then manually captured and assigned to the appropriate process.
With Retarus’ Cloud Fax Services, the required papers can easily and conveniently be compiled in a fax document. All information is automatically recognized and processed appropriately in the internal IT system. Paper-based processes and potential sources of error are reduced substantially.
To find out more about Retarus‘ Cloud Fax Services used for vehicle financing processes, check out our latest use case.
