Orlando, FL (PRWEB) June 19, 2006 –
MenuVantage today announced that it has enhanced its web-based menu selling system to allow dealers to fine-tune each F&I product presentation for the specific payment needs of each customer. The new “Product Rollback” feature gives the F&I Manager unprecedented “goal seeking” capabilities, automates the entire payment calculation process and eliminates the headache of manual calculation. Utilizing the MenuVantage proprietary Deal Calculations Engine, the new feature can roll back eight payments – up or down – simultaneously.
Calculating F&I product sales and keeping them within the customer’s desired monthly payment can be a major headache for dealers. This new enhancement enables F&I Managers to maximize the amount of products that can be sold within a customer’s monthly payment range. It automates the calculation process and rolls the payment against product options, simplifying the entire process.
“We are very excited to be able to offer our dealers this new feature. MenuVantage is fully committed to providing dealers with the latest technology to help increase profitability per deal and take their F&I performance to an even higher level,” commented Phillip Battista, MenuVantage Chief Marketing Officer.
MenuVantage supplies dealers with superior F&I tools to ensure compliance and increased per unit profit. The system offers F&I Departments the most advanced technology available on the market including electronic submission of warranty and F&I products to providers, real time service contract rating for over 50 providers, and dynamic printing of documents on regular paper.
MenuVantage has seen a strong increase in market presence and currently processes more than 67,000 deals per month for 2,300 users at automotive dealerships nationwide; the average deal with MenuVantage produces $903 per unit in F&I Income compared to $633 per unit without the system – a 30% increase in revenue.
MenuVantage, based in Orlando, FLA, is one of the industry’s leading menu selling solutions and one of the few that can integrate with all major dealer management systems (DMS).
Founded in 2003, MenuVantage has enjoyed tremendous expansion and currently services over 2300 users at automotive dealerships nationwide, processing more than 67,000 deals per month.
MenuVantage has developed a system that not only assists dealers on the front end, but also providers on the back end; offering unique benefits to F&I Providers. Over 50 providers are currently on the MenuVantage platform including GE, API, AFAS, EasyCare and Safeguard.
It is a truly customizable web-based menu system featuring bi-directional integration with all major DMS, eliminating any need for double entry. A web-based system also averts the need to back up information on the company server - any computer with Internet Explorer™ can access the system. In addition, the system constantly queries the database to ensure that all taxes, fees and prices are accurate on every deal processed in the MenuVantage system.
MenuVantage can be reached on the web at http://www.menuvantage.com.
CONTACT: Phillip Battista, Chief Marketing Officer (908) 222-4020 EXT 206.