SecureClose Integrates with Auto Master Systems Dealer Management Software
MESA, Ariz. – SecureClose, a digital transaction management platform that helps dealers bring consistency to the F&I office through compliant e-closings, today announced its integration with Auto Master Systems, Inc., a dealer management system (DMS) serving 500 buy-here-pay-here dealers and independent finance companies across the United States and Canada. Instead of printing hard copies of deal documents to their printer, users will simply press a “Send to SecureClose” button, after which the files will be processed for electronic disclosure. SecureClose ensures every buyer receives the same compliant, easy-to-understand disclosures. An automated avatar (or “digital assistant”) explains the paperwork in either English or Spanish, and closings are video recorded. Closing records are securely stored in the cloud, along with the deal package. “SecureClose removes the element of human error and he-said-she-said disputes, so it’s like having a lawyer close every deal – and having the digital recording to prove it,” said Ace Christian, Founder and CEO of SecureClose. “We are proud to add Auto Master Systems to our growing list of integrated DMS providers. We’re especially looking forward to bringing fully electronic, fully compliant closings to hundreds of new buy-here-pay-here dealers and independent finance companies across the country.” Mike Downey, Vice President of Sales & Marketing at Auto Master Systems, shared his thoughts on why the company chose SecureClose for its next integration. “Security of customer data is paramount for our clients, and SecureClose ensures safe cloud storage of the entire closing record and deal package,” he said. “In addition to strengthening dealers’ F&I compliance, SecureClose removes the hassles of training and re-training employees to close deals. It’s no secret dealerships tend to have higher turnover, so this aspect of training alone can be a huge expense that SecureClose wipes out.” Dealers and lenders will also benefit from far fewer uneducated closings, in which a customer signs the paperwork without reading or understanding what they are agreeing to. “SecureClose ensures the consumer receives clear explanations of each disclosure, and they can rewind and replay sections they want to hear again. The bottom line is, a more educated borrower is a better-paying borrower,” he said.
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →