Stoneeagle.com accepted as a Reynolds and Reynolds Certified Interface Vendor

Real Time Service Contract Rate Calculator receives a Reynolds certified interface

Dallas, TX (PRWEB) March 9, 2004 ---Stoneeagle.com announced today that The Reynolds and Reynolds Company has accepted the company as a new vendor in the Reynolds Certified Interface program. Stoneeagle.coms Service Contract Rate Calculator has completed the certification program and is now certified to interface between Reynolds industry-leading ERA® dealer management system and StoneEagle.coms Real Time Service Contract Rate Calculator.

Now F&I personnel can quickly and accurately price service contracts prior to printing paperwork and customer signatures. The Rate Calculator eliminates costly rating errors that result from the use of hard copy rate charts. This allows F&I managers to maintain their gross profit, eliminating administrator statement charges that can exceed $3,000 to correct rating errors. Additionally, with Stoneeagle.coms Electronic Data Interface (EDI), service contract administrators receive contracts electronically in real time, eliminating data entry and administrative processing.

How It Works -- Reynolds and Reynolds has designed a user friendly screen on the Reynolds ERA® Dealership Management System that interfaces with Administrators Rating Systems. Instead of looking at the rate chart and inputting a warranty premium in the F&I screen, the F&I manager simply selects from the plans and terms available for the vehicle being sold. The interfaced solution eliminates the re-keying of information, inaccurate updates and administrative hassles.

Benefits to Dealers -- A twelve-month market study revealed that 30% of all vehicle service contracts sold in the F&I office are rated incorrectly. These errors result in lost profit of more than $15 per service contract sold. Additional losses are incurred during the discovery and resolution of these errors. This process is costly not only in man-hours for the dealer, but in a possible loss of the sale. When F&I personnel obtain an accurate rate with the Rate Calculator, they can retain that gross profit by changing the premium charged to the customer or offering a lower cost plan or term.

Benefits to Administrators and Agents -- Administrators reduce administrative costs by eliminating the need for data entry. Both administrators and agents avoid the hassle of reconciling and collecting for rating errors

The Rate Calculator is a significant addition to the host of technology solutions offered by Stoneeagle.com to meet the dealers, administrators and agents needs," said Jim Hall of Service Life and Casualty. It allows us to operate more efficiently, reduce costly errors for our dealers, and more importantly secure dealer loyalty by offering a value-added technology solution to our customer base."

Reynolds and Reynolds excels at meeting the needs of auto dealers," said Cindy Allen, VP of Stoneeagle.com. We are very excited to have a Reynolds certified interface between dealers Reynolds ERA® System and Stoneeagle.coms Rating Hub."

About Stoneeagle.com
Stoneeagle.com ( www.stoneeagle.com ), a subsidiary of the StoneEagle Group, is a software and service provider to Insurance Carriers, Service Contract Administrators, General Agents, Automobile Dealers, Banks and Credit Unions nationwide. The companys product offering includes: Dealer Summary F&I Reporting, Accounting Adjustments Reporting, Data Extraction Solutions, Vehicle Service Contract Rate Validation, Transmission and Claim Submission Services, Electronic Claim Payment Options, Virtual Card Solutions, and many other technological services. Headquartered in Dallas, Texas, StoneEagle personnel have been involved in providing software applications to the insurance and related industries since 1967.

About Reynolds and Reynolds
Reynolds and Reynolds ( www.reyrey.com ) is the leading provider of integrated solutions that help automotive retailers manage change and improve their profitability. Serving the automotive retailing industry since 1927, Reynolds enables OEMs and retailers to work together to build the lifetime value of their customers. The company's award-winning product, service and training solutions include a full range of retail and enterprise management systems, Web and Customer Relationship Management solutions, learning and consulting services, documents, data management and integration, networking and support and leasing services. Reynolds serves more than 20,000 customers. They comprise nearly 90 percent of the automotive retailers and virtually all OEMs doing business in North America. The Reynolds International Division serves automotive retailers and OEMs through Incadea GmbH and its partner network as well as a worldwide consulting practice.