taq Automotive Intelligence has announced the launch of a feature within its credit portal known as Digital Deal Jacket. The technology provides funding efficiencies and boosts the company’s current financing solution that aims to benefit both retailers and lenders.
“Today marks a significant milestone for taq as we proudly unveil Digital Deal Jacket with functionality that shifts the entire funding process to a fully digital experience,” said John Currado, President of taq, in a statement. “This innovation promises to elevate industry standards and redefine the future of automotive funding.”
The company described its new tech as a mobile-friendly solution that digitizes the entire funding workflow. It uses e-signature technology and intelligent systems to help lower errors and deficiencies, and speeds up payments.
“Dealers will benefit immensely from the intuitive design of Digital Deal Jacket, which minimizes the time spent chasing documents and signatures,” said Currado. “Fully utilized, this technology eliminates the majority of deficiencies, which means retailers get funded faster, leading to significant savings in both time and money.”
The company said its new feature is available to any financial institution using taq’s One credit portal. For lenders on the portal, it said the feature provides a seamless digital experience that aligns with the industry’s shift towards more efficient automation.
