CARMEL, Ind. -

NextGear Capital on Tuesday announced a new floor planning integration with AuctionACCESS, a development that comes on the heels of a credit line availability integration between the two companies.

Officials highlighted these moves will allow auctions to quickly and efficiently originate floor plan transactions for their dealer customers.

“NextGear Capital is continually searching for ways to take our customers and their businesses to the next level. This integration reflects that commitment by simplifying the buying process at the auction,” said Pete Grupposo, vice president of operations and business development at NextGear Capital.

With more than 240 auctions currently using the AuctionACCESS system, dealers can benefit with simplified and quicker access to auction lanes.

In addition, the integration means auctions will have access to the dealer’s credit availability, streamlining the buying process on their end and helping dealers to floor their vehicles more quickly.

AutoTec Customer Support vice president Donna Dukes insisted the transmission of floor plan data and verification of credit availability benefits auctions, dealers and floor plan funding providers.

“Auctions can now automate the entire floor plan process with NextGear Capital, creating significant benefits for auctions and dealers," Dukes said. “We are excited to partner with NextGear Capital as we continue to create a more efficient platform for floor plan data.”