Beneficial Equipment Finance launched an electronic documentation platform via an integrated digital transaction management solution from DocuSign, to improve communications and speed up funding to equipment finance partners.
The new platform delivers live contracts via DocuSign to BEFC customers as an alternative to paper-based processing, where signers verify their identity and execute where prompted with an official electronic mark. Customers have the flexibility to review documents on their time schedule and can sign via computer, smartphone or tablet.
“The adoption of DocuSign’s digital platform is yet another move by BEFC to put our customers first and alleviates friction points that are inherent in a paper-based system,” said Jody Wagner, vice president, Operations for Beneficial Equipment Finance. “This innovation is part of a company-wide initiative to provide our customers with a convenient, fast and efficient way to finance their equipment.”
In August 2018, BEFC began rolling out documents for electronic signature on all small-ticket transactions. The company anticipates an aggressive push to move all transactions toward digital signature given the simplicity and user-friendliness of the secure solution.
Beneficial Equipment Finance is a nationwide commercial equipment financing company and subsidiary of Beneficial Bank.
Head into your average city, and chances are you’ll see some sort of bike or car share program. Or check out a weekend flea market and look at the hundreds of CDs and DVDs that populate the sales tables as... read more
Business continues to hold steady or even improve in equipment finance, as the Top 25 Private Independents reported $7,504.5 million in new business volume for 2018, topping a record-setting 2017 with a growth of 17.2% year-over-year. Four companies achieved volume... read more