HOFFMAN ESTATES, Ill. -

On Monday, CDK Global announced the launch of Sign Anywhere, its new remote electronic signing solution.

And Volkswagen is among the first to offer Sign Anywhere at VW dealerships through its captive — VW Credit.

Through the innovative remote signing capabilities of Sign Anywhere, CDK Global highlighted that dealers can offer customers a secure, quick, and convenient way to electronically sign the majority of F&I forms needed to purchase a vehicle without having to be present at the dealership.

With Sign Anywhere, dealers also can receive funding in hours following a vehicle purchase.

The tool is a free addition to customers who have CDK eSign, according to a news release.

“CDK continues to invest in products that will help our customers accelerate their digital transformation as we prepare for a new automotive retail landscape,” CDK Global executive vice president and chief product and technology officer Mahesh Shah said.

“Dealers can count on Sign Anywhere to enhance customer experience and expand their digital capabilities beyond the showroom floor without sacrificing time or security,” Shah continued.

CDK Global explained Sign Anywhere houses a portfolio of F&I forms in one secure digital location for dealerships and customers. As part of the solution, dealers can load forms into a digital deal jacket (DDJ). Customers access the forms via multi-factor authentication and can electronically sign those documents at their convenience.

Once customers sign, the company said the dealership can securely proceed with the completion of the sale. 

In addition to offering more convenience to customers, CDK Global asserted that Sign Anywhere also can shorten the time it takes compatible finance comapnies to fund completed vehicle purchases for dealers. What typically could take four to six days for lenders, now can be processed in 24 hours or less.

“At CDK, the success of our customers is what drives us, and we feel it is our responsibility to provide tools that will sustain their continued growth today and in the future,” CDK Global vice president of customer success Michael Seeman said.

“With Sign Anywhere, dealerships stand out from the competition with a new omnichannel approach that gives customers convenient options to experience the car-buying process as they choose,” Seeman went on to say.

And one of the earlier adopters of this tool is Volkswagen Group of America and its captive.

According to that same news release, VCI recapped that it immediately recognized Sign Anywhere as a “differentiator” and called on CDK to provide its dealers with the solution.

“VCI and VW not only want to provide world-class vehicles but also world-class car-buying experiences that match the evolving expectations of our customers,” VW Credit president and chief executive officer Anthony Bandmann said.

“Through a collaborative approach that focused first and foremost on the consumer, VCI and CDK worked together on equipping VW with a game-changing solution that is speeding up transactions for customers and providing a new avenue of cash flow for dealerships,” Bandmann added.

To date, CDK Global indicated Sign Anywhere is active in more than 400 VW dealerships and more than 3,600 dealerships across multiple OEMs. Sign Anywhere has also helped complete more than 8,000 vehicle purchases.

In the next six to 12 months, CDK said it intends to add additional captive and national financial institutions to the list of Sign Anywhere compatible finance companies.  

Dealers can learn more about the remote signing capabilities of Sign Anywhere, the full eSign solution and the CDK Digital Contracting product portfolio by visiting cdkglobal.com.