Employees can now securely "sign" personal car leasing agreements online in a matter of minutes thanks to new technology from GE Capital that is believed to be a fleet industry first and one that reduces cycle-time from over a week to just one day.
e-Signature technology has been made available to companies that offer their employees the opportunity to lease a car through GE Capital's Personal Car Ownership Plan , which is designed to offer an HMRC compliant, tax efficient alternative to the traditional company car.
The online signing process is simple and requires no additional hardware or software to be installed, and happens automatically once a car has been chosen through GE Capital's online quote and order tool.
Once the employee's vehicle order has been approved, an electronic document is generated and emailed to them. After reviewing the agreement the employee can e-Sign it with a single click of button. The whole process can take just minutes from beginning to end.
The key advantages of e-Signatures for companies, their employees and GE Capital include:
* It is a fast, quick and easy process to sign credit agreements entirely online, eliminating the time taken through conventional use of hard-copy contracts signed manually and sent through the post.
* It gets things right first time. Since the process is automated the possibility of error is reduced to a minimum.
* It's green. The process is paperless and no contracts are transported by road, rail or air.
Even though the eSignature solution does not require any additional hardware or software for the customer, sophisticated security measures are built into it, including a range of document, fraud and signature checking procedures based on technology developed by GE Capital.
Gary Killeen, Commercial Leader, said: "eSignatures really does make the whole process of creating a credit agreement much faster and more accurate, while still achieving high levels of security.
"It means that employees can complete personal car leasing agreements in a matter of minutes entirely online, with a range of productivity, accuracy, increased revenue and environmental benefits."
Angela Goulding
GE Capital
[email protected]
0870-458-8421
Michael Goodbody
GE Capital EMEA
[email protected]
+44-207-302-6269
+44-7899-808-239