COORDINATOR
CONNECT

Welcome to Toyota Industries Commercial Finance’s newsletter, The Coordinator Connect.

On a quarterly basis, we are bringing you the latest news and insights on funding with TICF and recognizing the top 5 Coordinators with the highest amount of Perfect Letter Packages!

COORDINATOR
CONNECT

Welcome to Toyota Industries Commercial Finance’s newsletter, The Coordinator Connect.

On a quarterly basis, we are bringing you the latest news and insights on funding with TICF and recognizing the top 5 Coordinators with the highest amount of Perfect Letter Packages!

TOP COORDINATORS & DEALERSHIPS

TOP COORDINATORS & DEALERSHIPS

Recognizing the top 5 coordinators and top 10 dealers

APRIL 2022 TO MARCH 2023

CONGRATS TO OUR

TOP 5 COORDINATORS

OF THE YEAR!

Sales Coordinator
Dealership
Pefect %
Teresa Doucette Southern States Toyotalift 97.33%
Dina McMahon Nationwide Lift Trucks, Inc. 97.22%
Kristine Jacques Nationwide Lift Trucks, Inc. 96.28%
Laura Calvin Hull Toyota Lift 95.17%
Robbin Gerneth Shoppas Material Handling 94.27%

CONGRATS TO OUR

TOP 10 DEALERSHIPS

OF THE YEAR!

Dealership
Number of Contracts
Perfect %
Southern States Toyotalift 780 97.17%
Nationwide Lift Trucks, Inc. 502 96.41%
Toyota Lift of Houston 363 93.11%
Maintainco, Inc. 273 93.04%
Toyota Lift of South Texas 363 89.26%
Hull Toyota Lift 228 88.16%
Prolift Toyota Material Handling 406 87.43%
The Lilly Company 308 87.99%
Brodie Toyota-Lift 266 86.84%
Toyotalift Northeast, LLC 371 85.71%

Recognizing the top 5 coordinators and top 10 dealers

APRIL 2022 TO MARCH 2023

CONGRATS TO OUR

TOP 5 COORDINATORS

OF THE YEAR!

Sales Coordinator
Dealership
Pefect %
Teresa Doucette Southern States Toyotalift 97.33%
Dina McMahon Nationwide Lift Trucks, Inc. 97.22%
Kristine Jacques Nationwide Lift Trucks, Inc. 96.28%
Laura Calvin Hull Toyota Lift 95.17%
Robbin Gerneth Shoppas Material Handling 94.27%

CONGRATS TO OUR

TOP 10 DEALERSHIPS

OF THE YEAR!

Dealership
Number of Contracts
Perfect %
Southern States Toyotalift 780 97.17%
Nationwide Lift Trucks, Inc. 502 96.41%
Toyota Lift of Houston 363 93.11%
Maintainco, Inc. 273 93.04%
Toyota Lift of South Texas 363 89.26%
Hull Toyota Lift 228 88.16%
Prolift Toyota Material Handling 406 87.43%
The Lilly Company 308 87.99%
Brodie Toyota-Lift 266 86.84%
Toyotalift Northeast, LLC 371 85.71%

MEET TERESA DOUCETTE

MEET TERESA DOUCETTE

The Perfect Letter Program provides the best avenue to make a great impression on customers – and earn Elite Dealer Rewards at the same time, says Teresa Doucette, Leasing Coordinator at Southern States Toyota Lift in Florida.

Since joining the dealership in 2019 after she moved to Florida, Teresa has made it a priority to continuously focus on improving customer experience. She particularly appreciates the fact that Southern States has a dedicated leasing department, which means she can focus all her attention on that service. And as part of that dedication, she finds the Perfect Letter Program to be a strategic tool to help her efforts.

Because the dealership always wants to be at the top of the leaderboard, Teresa knows it’s vital to make sure information is correct at the beginning of the deal as a way to improve the customer experience. “We are here to provide solutions to the customer, and our goal is to provide the best experience we can,” she says.

The Perfect Letter Program has evolved recently, with new additions such as a “Welcome Letter” requirement. Teresa says her colleagues have embraced these updates and elevated them to become a best practice throughout the dealership.

“Because of this program, everyone at Southern States is paying closer attention to detail, and there is lots of visibility across the organization for their Perfect Letter performance,” Teresa says. “This quest to confirm details at the very beginning is helping us all improve our performance.”

For example, Teresa says the Perfect Letter Program, and specifically the Welcome Letter, helps them align information from the credit application, such as a customer’s billing address or tax status. For example, a customer may have checked a box indicating they are tax-exempt, yet told the dealer they aren’t.

“It’s so important to go through everything with a fine tooth comb to make sure all information matches and verify all details with the customer,” Teresa says. “Lots of double checking is often required since there are multiple forms, and the information doesn’t always match up.”

It’s especially important to provide that verification step on the front end, because unlike most dealerships, Southern States does their lease docs upfront, before they order equipment. They then save all the master lease agreements and can add notes as needed.

This adherence to the Perfect Letter Program comes with an additional perk — more Elite Dealer Rewards points. Teresa has appreciated the opportunity they present to pay for essentials, such as turning them into gift cards for Amazon orders, covering her Sling TV bill, or providing for in-game purchases her daughter can use with her Nintendo Switch. However, one of Teresa’s most memorable purchases through the program was her first — a Dooney & Bourke backpack, an extravagance she never would have bought for herself otherwise.

Teresa has worked hard to find success and offers suggestions for other sales coordinators who aspire to improve their skills. Most importantly, she recommends they be knowledgeable regarding the nuances of different types of leases so they can make the right recommendation to her clients.

She has found TICF to be an excellent partner in providing the customer-centric support she prides herself on. “TICF is always very responsive and willing to help solve any customer issue,” she says. “We strive to do as many leases as possible with TICF because of the ease of working with them and because we know they care about the customer as much as we do.”

When not working, Teresa enjoys spending time with her family and indulging in two of their favorite pastimes — watching NASCAR (where they always root on the Toyota racing team!) and visiting Walt Disney World as often as they can.

The Perfect Letter Program provides the best avenue to make a great impression on customers – and earn Elite Dealer Rewards at the same time, says Teresa Doucette, Leasing Coordinator at Southern States Toyota Lift in Florida.

Since joining the dealership in 2019 after she moved to Florida, Teresa has made it a priority to continuously focus on improving customer experience. She particularly appreciates the fact that Southern States has a dedicated leasing department, which means she can focus all her attention on that service. And as part of that dedication, she finds the Perfect Letter Program to be a strategic tool to help her efforts.

Because the dealership always wants to be at the top of the leaderboard, Teresa knows it’s vital to make sure information is correct at the beginning of the deal as a way to improve the customer experience. “We are here to provide solutions to the customer, and our goal is to provide the best experience we can,” she says.

The Perfect Letter Program has evolved recently, with new additions such as a “Welcome Letter” requirement. Teresa says her colleagues have embraced these updates and elevated them to become a best practice throughout the dealership.

“Because of this program, everyone at Southern States is paying closer attention to detail, and there is lots of visibility across the organization for their Perfect Letter performance,” Teresa says. “This quest to confirm details at the very beginning is helping us all improve our performance.”

For example, Teresa says the Perfect Letter Program, and specifically the Welcome Letter, helps them align information from the credit application, such as a customer’s billing address or tax status. For example, a customer may have checked a box indicating they are tax-exempt, yet told the dealer they aren’t.

“It’s so important to go through everything with a fine tooth comb to make sure all information matches and verify all details with the customer,” Teresa says. “Lots of double checking is often required since there are multiple forms, and the information doesn’t always match up.”

It’s especially important to provide that verification step on the front end, because unlike most dealerships, Southern States does their lease docs upfront, before they order equipment. They then save all the master lease agreements and can add notes as needed.

This adherence to the Perfect Letter Program comes with an additional perk — more Elite Dealer Rewards points. Teresa has appreciated the opportunity they present to pay for essentials, such as turning them into gift cards for Amazon orders, covering her Sling TV bill, or providing for in-game purchases her daughter can use with her Nintendo Switch. However, one of Teresa’s most memorable purchases through the program was her first — a Dooney & Bourke backpack, an extravagance she never would have bought for herself otherwise.

Teresa has worked hard to find success and offers suggestions for other sales coordinators who aspire to improve their skills. Most importantly, she recommends they be knowledgeable regarding the nuances of different types of leases so they can make the right recommendation to her clients.

She has found TICF to be an excellent partner in providing the customer-centric support she prides herself on. “TICF is always very responsive and willing to help solve any customer issue,” she says. “We strive to do as many leases as possible with TICF because of the ease of working with them and because we know they care about the customer as much as we do.”

When not working, Teresa enjoys spending time with her family and indulging in two of their favorite pastimes — watching NASCAR (where they always root on the Toyota racing team!) and visiting Walt Disney World as often as they can.

WELCOME LETTER

WELCOME LETTER

  • Welcome Letter is required to be presented and filled out for all New Customers to receive Perfect Letter points, but is not a bad practice to offer to existing customers as well.

  • Please review and confirm with the customer prior to funding submission.

  • The information is being utilized for billing, equipment location, and if any additional information is needed. In example: Purchase Order (PO).

  • TICF required all new customer(s) to complete the TICF Customer Information Form. Dealership must document the welcome packet if customer refuse to complete the form.

  • Welcome Letter is required to be presented and filled out for all New Customers to receive Perfect Letter points, but is not a bad practice to offer to existing customers as well.

  • Please review and confirm with the customer prior to funding submission.

  • The information is being utilized for billing, equipment location, and if any additional information is needed. In example: Purchase Order (PO).

  • TICF required all new customer(s) to complete the TICF Customer Information Form. Dealership must document the welcome packet if customer refuse to complete the form.

LATE BOOKINGS

LATE BOOKINGS

Did You Know?

Last Year 12% of contracts submitted into TICF came in 30 days or more from the date of delivery.

Average of Days to Submit From Delivery Date
% Submitted Over 30 Days From Delivery

35.2

12%

This ultimately impacts the customer and their overall experience. This can result in:

  • Customers Past due once contract is funded/Booked

  • Impact to delinquency

  • Customers receiving 2 or more invoices at once

  • Double Invoice impacts customer originally created Purchase Order #’s (PO)

  • False Collection Calls

  • Poor Customer Experience for First time TICF Interaction

  • Customer Distrust to both TICF and Your Dealership

  • Impact Customer Survey Result which is provided annually by TMH

Did You Know?

Last Year 12% of contracts submitted into TICF came in 30 days or more from the date of delivery.

Average of Days to Submit From Delivery Date
% Submitted Over 30 Days From Delivery

35.2

12%

This ultimately impacts the customer and their overall experience. This can result in:

  • Customers Past due once contract is funded/Booked

  • Impact to delinquency

  • Customers receiving 2 or more invoices at once

  • Double Invoice impacts customer originally created Purchase Order #’s (PO)

  • False Collection Calls

  • Poor Customer Experience for First time TICF Interaction

  • Customer Distrust to both TICF and Your Dealership

  • Impact Customer Survey Result which is provided annually by TMH

NEW GUARANTY FORM

NEW GUARANTY FORM

  • Now acceptable for E-Signature and has been loaded into TC3 and can be sent via DocuSign

  • Please Note: For TC3’s E-Signature platform, only 1 PG/ CCG can sign at a time.

  • If there are multiple present on the deal, it will need to be sent separately in a separate envelope. Dealer can always use their own E-Signature platform if needed.

  • Guarantor and Witness signature cannot be “print” – must either be wet-signed or done through eSign

  • Dealer Signature MUST be signed if sending to Guarantor and Witness through eSign; wet signature from Guarantor and Witness does not require a countersign from a Dealer representative

  • Now acceptable for E-Signature and has been loaded into TC3 and can be sent via DocuSign

  • Please Note: For TC3’s E-Signature platform, only 1 PG/ CCG can sign at a time.

  • If there are multiple present on the deal, it will need to be sent separately in a separate envelope. Dealer can always use their own E-Signature platform if needed.

  • Guarantor and Witness signature cannot be “print” – must either be wet-signed or done through eSign

  • Dealer Signature MUST be signed if sending to Guarantor and Witness through eSign; wet signature from Guarantor and Witness does not require a countersign from a Dealer representative

LOOK BACK ON ENHANCEMENTS FROM FY23

LOOK BACK ON ENHANCEMENTS
FROM FY23

  • 1

    Introduction of the CODA (Certificate of Delivery and Acceptance) Document

  • 2

    Invoicing standardized to Email vs Postal Mail

  • 3

    Vertex Phase 2 (Calculate Upfront Sales Tax properly when Downpayment, Trade- in, and Non-Taxable Fees are present)

  • 4

    Site Survey Document Revision

  • 5

    CA Disclosure Agreement (For Deals done out of the state of California or Customer corporate address in California)

  • 6

    Address Validation in TC3

  • 7

    Credit Application Update

  • 8

    Addition of PO# Field in TC3

  • 9

    Addition of “Active” Customer Addresses visibility in TC3

  • 10

    Addition of Special Billing Requirement field in TC3 (Can Choose consolidation options and Preferred due day for Customer)

  • 1

    Introduction of the CODA (Certificate of Delivery and Acceptance) Document

  • 2

    Invoicing standardized to Email vs Postal Mail

  • 3

    Vertex Phase 2 (Calculate Upfront Sales Tax properly when Downpayment, Trade- in, and Non-Taxable Fees are present)

  • 4

    Site Survey Document Revision

  • 5

    CA Disclosure Agreement (For Deals done out of the state of California or Customer corporate address in California)

  • 6

    Address Validation in TC3

  • 7

    Credit Application Update

  • 8

    Addition of PO# Field in TC3

  • 9

    Addition of “Active” Customer Addresses visibility in TC3

  • 10

    Addition of Special Billing Requirement field in TC3 (Can Choose consolidation options and Preferred due day for Customer)

THANK YOU!