Called eQuote, the software allows agents, brokers and dealers working with financial institutions to obtain finance quotations and approvals on the spot, via any computer connected to the internet. As soon as approval is given, the documentation is printed out and the deal is done, the company claims.
Transition Computing managing director David Gibson added: 'The industry is facing unprecedented change with the deregulation of both vehicle sales and consumer credit.
'This will drive competition from traditional to internet markets and focus attention on prudence as well as speed. Streamlining workflow over the internet will be the key to success.'