Streamline Your Document Processes with airSlate SignNow's Sales Automation Platform in Legal Agreements

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welcome to this video demonstration of dealflow's financial agreement automation platform today we'll take you through the steps involved in paper-free execution of a motor finance agreement dealflow creates legal and enforceable agreements through the unique combination of identity verification anti-impersonation electronic signature and evidence management this is a simplified motor finance workflow the three actors in this workflow include the financial services provider the deal flow platform and the customer we begin this process highlighting the initial steps of a typical customer application including underwriting credit worthiness and affordability the first deal flow system interaction is a web services call to verify the identity of the customer we'll simulate this system call for you now the api call demonstrated here is based on a standard bureau identity and bank account check data input includes name address date of birth and bank account details the response message includes positive and negative data such as identity matches bank account ownership anti-money laundering sanctions and fraud alerts all data is returned to the finance provider in real time for risk-based decision-making importantly we store this raw data as a secure identity audit trail to be used as evidence contributing to the enforceability of the agreement assuming the customer has passed all checks and accepts the finance proposal we move to the second system interaction initiation of the transaction relates to a web services call passing us the agreement and some metadata pertaining to the application for this example that is a single applicant looking to sign in dealership this service call creates the transaction on the deal flow platform and returns a unique url the url can be embedded in a secure email to the customer or more commonly if in dealership placed under a button in the point of sale system by clicking on this button the user is transferred to their unique signing ceremony when launched the signing ceremony acts as a guided experience for the dealer and customer to execute a specific agreement workflows are designed and mandated meaning the finance provider can be sure that each and every contract has been executed correctly in line with all relevant processes regulations and legal guidance all customer and dealer interactions with the system are also recorded we start by allowing the dealer to view the pre-contract information warning the dealer not to sign on behalf of the customer obtaining confirmation that the customer is in control of the device to link the customer to the signed agreement we can display knowledge based authentication questions delivering a strong anti-impersonation check additional data can be captured and verified such as driving license number once we have verified the customer we show the pre-contract information to the customer giving them the opportunity to review or print if needed we capture confirmation that they have read and understood all information prior to allowing them to sign the agreement documents such as this finance agreement that are passed to us at initiate transaction are converted to images this means we can retrospectively prove what the customer was looking at it also reduces the dependency on technology providing they have a browser and internet connection they can sign the agreement click to sign is the most common method of execution and multiple signatures can be captured once complete a final confirmation is needed from the customer the device is passed back to the dealer where we can capture additional data in this example the dealer's full name and surname we use the capture dealer data to apply a final signature to the agreement finally an upload page can be displayed where the dealer can attach any additional information to support the application such as customer identity documents or dealer invoices once upload is finished the dealer can request payment and the signing ceremony is complete we can now look at the document pack that is created after each signing ceremony is complete the document pack is accessed via web services and made available to a payout team for final checks if needed once downloaded the document pack can be interrogated inside active and flat pdfs can be found a flat pdf is the customer copy in its native file format with customer and dealer signatures populated the active pdf is digitally signed and rendered tamper evident it contains all the evidence needed to make the agreement legal and enforceable by interrogating the document the evidence can be seen digital and electronic signatures can be verified audit trails of data capture and identity checks can be viewed and a hash of the process replayer evidence is included also within the document pack any dealer uploads can be viewed such as this driving license the process reviewer or recording evidence can be replayed like a storyboard advancing and rewinding through key milestones to view the complete signing ceremony all time date stamps are recorded and displayed we have seen the end-to-end process in action from customer verification and electronic signature through to evidence review to summarize this workflow we look at how all the activity contributes to creating enforceable agreements we will compare our executed document pack and evidence against the six principles of enforceability we have a full identity and anti-impersonation audit trail containing all raw data from any checks completed we know exactly what the customer saw as we presented the contract in image format we know what the customer did we have process replayer evidence we can share with customers regulators or judges as the agreements have not been modified we can be sure the finance provider and customer have true copies of the agreement all evidence is practical and persuasive it is images videos and audit trails and finally we can ensure integrity and unity embedding all evidence into a single package and applying a digital signature thank you for taking the time to view this video demonstration on deal flow's financial agreement automation platform