ENGS Commercial Finance launched a secure electronic signature (E-Signature) documentation solution for its dealers and customers. This solution, among the first of its type in the commercial equipment finance space, provides the company’s clients with a convenient, fast and efficient way to complete the documentation process.

“It is our passion to provide our customers with the best service platform in the equipment finance industry. We believe in investing in technology that will help our clients become more efficient,” commented Jim Freund, executive vice president of ENGS Commercial Finance. “While E-Signature has been gaining acceptance in the consumer finance space, it has not been widely used in the commercial finance space.”

E-Signature will provide the following benefits to the company’s clients:

• Mobile Sign. The customer can sign the lease/loan documents anytime, anywhere.
• Quicker Funding. No more waiting on overnight documents. Documents are received immediately after E-signature is completed.
• 100% Accuracy. No delays in funding due to documentation mistakes, as E-Signature verifies that all documents are completed correctly.
• Eliminate Overnight Expense

“E-Signature will greatly improve the documentation experience for our clients and vendor partners. We are focused on being a market innovator and very excited to be a technology leader in bringing E- signature to the commercial finance space,” Freund added.

ENGS is a 65-year-old commercial finance company and a lender to the transportation, construction and industrial equipment segments, as well as a provider of insurance through ENGS Insurance Agency and invoice factoring through ENGS Commercial Capital. In 2016 ENGS was recognized by the Monitor as the fifth largest independent finance company in the U.S.