DAYTON, Ohio, Oct. 6, 2015 /PRNewswire/ -- The Reynolds
and Reynolds Company today announced that Reynolds Document
Services has released the Reynolds LAW® Washington
F&I Library, a comprehensive catalog of standardized, legally
reviewed finance and insurance (F&I) documents available to new
car and truck dealers in the state of Washington.
"Despite the improving economy, automobile retailers continue to
face a number of pressures that impact the success of their
business," said Jerry Kirwan, senior
vice president and general manager of Reynolds Document Services.
"Among those pressures are increasing levels of regulatory scrutiny
as well as higher expectations from consumers for a more rewarding
car-buying experience. Part of Reynolds' response is to develop
document services that help dealers address those pressures and
prepare them for the future. This library of standardized documents
is designed to help dealers better manage risk, improve the
customer experience in F&I, and prepare for the age of
electronic transactions ahead."
LAW brand documents can help dealers reduce their litigation
risk. The documents in the LAW Washington F&I Library are
regularly reviewed for compliance with the latest regulations.
Reynolds' industry-leading forms specialists lead the review
alongside Reynolds' outside legal partners.
In addition, by using the standardized vehicle deal documents in
the LAW Washington F&I Library, dealers can achieve a more
consistent and effective F&I process in every transaction,
which can improve the effectiveness of the F&I manager as well
as improve the car-buying experience for the customer.
The printed documents in the LAW Washington F&I Library are
also available in digital format, which helps facilitate the
conversion to laser-printed transactions or e-contracting. Reynolds
Document Services maintains licensing agreements with all major
providers of electronic F&I solutions.
About Reynolds LAW Brand Documents
The Reynolds LAW
brand is well established as one of the most trusted brands in the
automotive industry. LAW documents are available in all 50 states
and Washington, D.C., and have
been endorsed by a number of state automobile dealers associations
and leading automotive finance institutions.
The flagship product of the LAW brand is the Reynolds
LAW® 553 Universal Retail Sale Contract, the most widely
accepted document in auto finance. The Reynolds LAW 553 is
available in a variety of languages and is regularly reviewed by
industry experts to help keep pace with new legislative and
regulatory developments.
Reynolds and Reynolds was founded in 1866 as a business forms
printing company. Since the 1920s, Reynolds has been known as the
leader in serving automobile dealerships nationwide with standard
and custom business and vehicle sales documents to help dealers
manage their operations more efficiently and serve their customers
more effectively.
About Reynolds
Reynolds and Reynolds is a leading provider of automobile
dealership software, services, and forms to help dealerships
deliver better business results and transform the customer
experience. (www.reyrey.com)
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SOURCE The Reynolds and Reynolds Company