The world took another 'paper-less' step last week when Orion Systems, Inc announced that Hertz rent-a-car will use it's 'OnlineContracts' electronic signature capture software on all rental agreements. While Hertz doesn't 'rent to own', the implications for such a system in our industry is interesting.

While customers still receive a signed, paper rental agreement, Hertz is the first car rental company to adopt electronic signature capture and eliminate its own paper rental agreements to increase efficiency and reduce costs.

By maintaining rental contracts electronically in a forge resistant,
tamperproof format, Hertz eliminates the costs associated with paper.

According to Michael Movalli, CEO of Orion, OnlineContracts is a software-based solution that allows companies to electronically capture legally binding contracts and customer's signatures in a secure process, resulting in an exact electronic version of the contract, including all rental information, time stamp, initials and signatures, and look and feel. The software allows clients to provide a paper version of the transaction to the customer, as legally required in most binding contracts, without the need to maintain a physical paper copy themselves.

Michael Movalli
CEO of Orion
"Hertz was interested in reducing the amount of paper it generates at the transaction point. With our software, Hertz has dramatically reduced the paper handling processes associated with rental agreements, and moved to an automated electronic process.