NextGear Capital announced a new floorplanning partnership with AuctionACCESS, an industry leader in “dealer credentialing services.”
According to a press release, the move comes on the heels of a credit line availability integration between the two companies, allowing auctions to quickly and efficiently originate floorplan transactions for their dealer customers.
“NextGear Capital is continually searching for ways to take our customers and their businesses to the next level. This integration reflects that commitment by simplifying the buying process at the auction,” said Pete Grupposo, vice president of operations and business development at NextGear Capital.
With more than 240 auctions currently using the AuctionACCESS system, dealers will benefit with simplified and quicker access to auction lanes, NextGear said. In addition, auctions will have access to the dealer’s credit availability, streamlining the buying process on their end and helping dealers to floor their vehicles more quickly.
“Auctions can now automate the entire floorplan process with NextGear Capital, creating significant benefits for auctions and dealers,” said Donna Dukes, vice president of AutoTec Customer Support. “We are excited to partner with NextGear Capital as we continue to create a more efficient platform for floor plan data.”
Carmel, Ind.-based NextGear Capital announced the release of new mobile and online account management applications for dealers to simplify management of their inventory finance accounts.
According to a press release, the floorplan finance company continues to build on its strong reputation as a technology leader and innovator with these easy-to-use online and mobile services.
“Our use of technology to simplify business has been a hallmark of our company from day one,” stated Chris Brady, chief information officer at NextGear Capital. “These latest innovations demonstrate our commitment to serve the needs of customers who desire a simple but solid solution to conduct business anywhere, at any time.”
The applications include new features along with a comprehensive dashboard that is easy to navigate and provides rapid access to account information through a user-friendly interface on both Android and Apple smartphones and tablets.
“Not only will these new applications make the process easier for our customers,” Brady continued, “but their complete, up-to-date account information can be quickly and easily accessed whenever they need it.”
In addition to floorplan management, the new applications allow every customer to securely view inventory, titles and pending transactions, submit new vehicle information for financing, make and schedule payments, and access account analytics. The cross-platform applications can be used on smartphones, tablets and desktop computers.
The new applications, which launched on Dec. 2, are available to download in the Apple App Store and Google Play by searching for “NextGear Capital.” Customers must first login to the online account management tool and answer the security questions before logging in on their mobile device.
For more information visit http://www.nextgearcapital.com/account_management/
NextGear Capital has secured exhibitor space at the Dec. 3-5 Recreation Vehicle Industry Association (RVIA) National RV Trade Show following the company’s September announcement that it was establishing a Diversified Products Division. According to a press release, the business unit provides inventory finance programs to a variety of industries, including recreation vehicles.
“We are very excited to exhibit NextGear Capital and its capabilities and offerings in Louisville,” said Frank Ford, vice president, Diversified Products. “While the NextGear Capital name may be new to many in the RV industry, the company has actually been involved in financing used recreational vehicles for many years. So, the natural next step was to expand into adjacent space, including new inventory finance.”
“Additionally, the leadership of the division, as well as the business development team we have assembled, has extensive experience in RV floor planning and working with both manufacturers and dealers to create value-added programs that will fuel growth.”
NextGear Capital said it “brings unique offerings to the industry to differentiate it from competitors.”
“Manufacturers are very excited about our online floor planning capabilities with next-day funding,” Ford stated. “And dealers may benefit from a deferred interest program designed to preserve cash flow by matching the payment of interest to the sale of inventory.”
NextGear Capital representatives will be available in Booth No. 841 at the Louisville Show. For additional information, visit nextgearcapital.com.