DAYTON, Ohio, May 24, 2016 /PRNewswire/ -- The Reynolds and Reynolds Company today announced the launch of the LAW Arkansas F&I Library, which was developed through a partnership between Reynolds Document Services and the Arkansas Automobile Dealers Association. The LAW Arkansas F&I Library is a catalog of standardized, legally reviewed finance and insurance (F&I) documents for new car dealerships in Arkansas.
"Dealers are facing the ongoing challenge of how to balance increased demands from legislators and regulators with increased expectations from consumers for a more rewarding experience with the dealership," said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services. "The LAW Arkansas F&I Library is designed to deliver several results to dealers, from helping to reduce compliance risk to making the car-buying process more efficient. Improving efficiency, especially in the F&I office, also helps dealers deliver a smoother, more pleasing consumer experience."
Kirwan noted that because the documents in the LAW Arkansas F&I Library are regularly reviewed for compliance with the latest automotive regulations, they can help dealers reduce their litigation risk. Reynolds' industry-leading forms specialists lead the review alongside Reynolds' outside legal partners and the Arkansas Automobile Dealers Association.
Dennis Jungmeyer, President of the Arkansas Automobile Dealers Association said, "The Arkansas Automobile Dealers Association is dedicated to protecting the business interests of Arkansas automobile dealers. We are happy to share the LAW Arkansas F&I Library with our members because it will help them maintain compliance and improve their customers' car-buying experience."
The printed documents in the LAW Arkansas F&I Library also are available in a digital format, which can help facilitate the conversion to laser-printed transactions or e-contracting. Reynolds Document Services maintains licensing agreements with all major providers of electronic F&I (e-F&I) solutions.
About Arkansas Automobile Dealers Association
Founded in 1932, the Arkansas Automobile Dealers Association has been representing the interests of Arkansas's franchised new car and truck dealers for 85 years. AADA continues to be one of the most respected trade associations in the state providing its members with professional training, dealership services, regulatory assistance and legal assistance.
About Reynolds LAW Brand Documents
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 Installment 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 printer. Since the 1920s, Reynolds has been known as the leader in serving automobile dealerships nationwide with standard and custom business and vehicle sales and service documents to help dealers manage their operations more efficiently and serve their customers more effectively.''
Reynolds and Reynolds is a leading provider of automobile dealership software, services, and forms helping dealerships deliver better business results and transform the customer experience. The company is headquartered in Dayton, Ohio, with major operations in Houston and College Station, Texas, and Celina, Ohio. (www.reyrey.com)
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SOURCE The Reynolds and Reynolds Company