IAA 2017: afb presents digital multi-step application for the automotive finance business


Munich, 12 September 2017 – afb Application Services AG (afb), a leading European full-service provider for financial and service providers, manufacturers and vendors, will present digital multi-step application for automotive financing at the International Motor Show (IAA) on 18 September 2017.  

The topics of the IAA specialist event 'Financial Services for Passenger Cars' comprise the developments, challenges and, in particular, new digital concepts within the framework of financial services in the automotive industry. These days nearly three out of four customers want to buy their cars online, according to the 'Cars Online' study by Capgemini. While two years ago this desire was primarily restricted to premium brands, interest is now also shifting to volume brands. For this reason, and in order to create an optimal customer experience, financial and other service providers, manufacturers and retailers are called on to develop innovative, digital sales concepts that also take into account credit and leasing offerings.

Under the title of 'Digital multi-step application for the automotive finance business' afb presents the product 'Universal Contract Closing Process'. This product provides market participants with innovative functionalities for all phases of the online contract closure: offer, application, financing decision, document processing, activation, disbursement and contract management. Among others, it allows companies to conveniently carry out personal identification, digital document handling or electronic signatures in their multi-step application without any media interruptions. Visitors will learn first-hand, for example, how they can benefit from increasing closing quotas, higher process automation and reduced processing times and costs.

'We are very pleased about this invitation to present our product at one of the world's leading automotive trade fairs. Today the customer wants to buy his dream car as simply as possible - increasingly online and often outside the regular opening hours of stationary trade locations. With our product we are giving the players in the automotive industry an innovative tool to implement digital sales concepts, including financing options and direct closing possibilities', explains Philipp Oberleitner, Manager Sales at afb.

The 67th IAA will take place in Frankfurt from 14 to 24 September 2017. afb will give its presentation on 18 September 2017 at 12:00 noon at the 'Financial Services for Passenger Cars' symposium.

afb Application Services AG
Sylvia Hengstler
Senior Marketing
Phone: +49 (89) 78 000-353