Contents
- Solving a significant challenge in dealership operations: Finance & Insurance
- Enter MeasureOne’s solution: Auto Insurance Policy Updating
- Why Auto Insurance Updating is a game-changer
- Don’t let insurance delay your sales
MeasureOne is excited to announce the launch of Auto Insurance Policy Updating, the solution designed to address some of the most pressing challenges faced by dealerships today—manual verification processes and inefficiencies in F&I at the time of purchase.
Solving a significant challenge in dealership operations: Finance & Insurance
The Finance & Insurance (F&I) departments are critical to the success of auto dealerships and in closing the deal, and yet, they’re often the biggest pain point in the process. These typically small teams face significant challenges that can create friction during the car-buying process. Their tasks like vehicle financing, loan negotiations, and insurance verification and writing, which are often manual and time-consuming.
The current process leads to delays, frustration, and a less-than-seamless experience for customers. Overcoming these hurdles is crucial not only for improving the customer experience but also for keeping dealerships competitive in a rapidly changing market. Equipping F&I teams with the right tools and training is key to overcoming these challenges and ensuring smooth, efficient transactions.
Enter MeasureOne’s solution: Auto Insurance Policy Updating
MeasureOne makes it easy to add a vehicle or update the lienholder on their insurance policy. It allows dealers to update buyer auto insurance information in a seamless workflow integrated directly into the car-buying process via API connection. Here’s how it works:
- The car buyer receives a request via text or email from your company to add a vehicle and/or update the lienholder.
- The buyer confirms the updates directly in the MeasureOne widget.
- The MeasureOne platform accesses the data you requested and provides it via integration of your current workflow.
See how the buyer provides their information below:
Why Auto Insurance Updating is a game-changer
The ability to automate the entire insurance update process addresses a critical gap in the current market. While updating insurance is necessary, it’s not sufficient on its own to justify integration. Auto Insurance Policy Updating from MeasureOne goes further by enabling the complete updating of insurance policies in a fully automated manner—adding significant value to both dealerships and their customers. In fact, it also:
- Increases approvals on the lot: Know borrowers have the right insurance coverage in place and many necessary updates are made with ease
- Enhances the F&I (finance & insurance) process: By automating the insurance update process, dealerships can reduce the time spent on manual verifications and minimize the likelihood of deal delays or rejections. This efficiency not only speeds up sales but also boosts customer satisfaction by providing a smoother, faster car-buying experience.
- Integrates seamlessly: Designed to integrate effortlessly into any workflow, MeasureOne’s Auto Insurance Policy Updating offers a user-friendly interface that minimizes disruptions and enhances the overall dealership workflow.
Dealerships can now avoid the common bottlenecks that plague the F&I process, helping them close more deals faster. For DMS providers, this feature adds a new dimension to their service offering, making their platforms more attractive to dealerships that are looking for a competitive edge.
Don’t let insurance delay your sales
Ready to streamline and transform your F&I process with MeasureOne?