GE Capital has launched a service which allows fleet drivers to sign personal car leasing agreements online – reducing cycle-time from more than a week to one day.

e-Signature technology has been made available to companies that offer their employees the opportunity to lease a car through GE Capital’s Personal Car Ownership Plan, which is designed to offer an HMRC-compliant, tax-efficient alternative to the traditional company car.

The online signing process requires no additional hardware or software, and happens automatically once a car has been chosen through GE Capital’s online quote and order tool.

Once the employee’s vehicle order has been approved, an electronic document is generated and emailed to them.

After reviewing the agreement the employee can e-Sign it with a single click of button.

The whole process can take just minutes from beginning to end.

Gary Killeen, GE Capital commercial leader, said: “eSignatures really does make the whole process of creating a credit agreement much faster and more accurate, while still achieving high levels of security.”