MISSISSAUGA, ONTARIO – June 24, 2010
Reynolds and Reynolds Canada
New Documents Designed to Meet July 1 Governmental Compliance Regulations
Introduces New F&I Documents for Ontario Auto Dealers
- Reynolds and Reynolds Canada announced today the company is introducing a new series of documents for Ontario automobile dealerships that will meet new compliance standards required under the recent Harmonized Sales Tax legislation. The newly designed documents, marketed under the Reynolds and Reynolds LAW®
brand name, will enable Canadian dealerships to meet the regulatory requirements for F&I department documents conveniently and efficiently. The documents were developed with guidance from Gowlings, a leading Canadian law firm with expertise in financial services.
"We’ve taken a lead in developing updated and revised F&I documents that meet the new provincial legislative mandates and still keep automobile dealers in Ontario compliant and efficient in their F&I operations," said Jerry Kirwan, senior vice president of Integrated Documents Solutions for Reynolds and Reynolds. "With the new Reynolds F&I forms, dealerships won’t need to learn a new process for handling F&I paperwork or worry about meeting the government’s latest regulations. They can focus on selling and servicing cars."
Under the Reynolds and Reynolds LAW brand, the documents that have been updated and revised to meet the new Harmonized Sales Tax legislation include:
- Motor Vehicle Purchase Agreement
- Lease Agreement
- Offer to Lease
- Rental Agreement
- Loaner Agreement
- Vehicle Information Form
For more than four decades, Reynolds and Reynolds has served the automotive market in Canada, providing legally compliant business and vehicle sales forms and other document solutions critical in helping dealers better manage their operations and serve their customers.
Kirwan concluded: "One of our strengths is the long-standing relationship we have with our customers. Dealerships know Reynolds and rely on our documents and compliance experts to provide the forms the dealerships need. We are doing so again in response to the new regulatory changes."
For more information, contact your local Reynolds Integrated Documents Solutions Consultant or e-mail IDS_Mktg@reyrey.com
Reynolds and Reynolds is the automotive industry’s leading provider of automobile dealership software, services, and forms to help dealerships improve business results. The company is headquartered in Dayton, Ohio, with major U.S. operations in Houston and College Station, Texas, and Celina, Ohio. In Canada, Reynolds has operations in Mississauga, Ontario, and Montreal, Quebec. (www.reyrey.ca