NextGear Capital announced a new floorplanning partnership with AuctionACCESS, an industry leader in “dealer credentialing services.”

According to a press release, the move comes on the heels of a credit line availability integration between the two companies, allowing auctions to quickly and efficiently originate floorplan transactions for their dealer customers.

“NextGear Capital is continually searching for ways to take our customers and their businesses to the next level. This integration reflects that commitment by simplifying the buying process at the auction,” said Pete Grupposo, vice president of operations and business development at NextGear Capital.

With more than 240 auctions currently using the AuctionACCESS system, dealers will benefit with simplified and quicker access to auction lanes, NextGear said. In addition, auctions will have access to the dealer’s credit availability, streamlining the buying process on their end and helping dealers to floor their vehicles more quickly.

“Auctions can now automate the entire floorplan process with NextGear Capital, creating significant benefits for auctions and dealers,” said Donna Dukes, vice president of AutoTec Customer Support. “We are excited to partner with NextGear Capital as we continue to create a more efficient platform for floor plan data.”