We are excited to have LOTs join our platform and look forward to helping their dealers improve efficiency with our electronic process and submission technology. Our platform is a huge improvement over the traditional paper-based rate guides and contracting processes. It reduces delays, contract errors and administrative costs; which benefits both dealers and aftermarket providers.
Orlando, FL (PRWEB) March 19, 2007
MenuVantage, the market's premier web-based menu selling system today announced that Life Of The South (LOTS) has agreed to join its nationwide network of active F&I providers. The company will join over 50 other providers currently on the MenuVantage platform including Cal-Tex Protective Coatings, SouthwestRe, CNA National, EasyCare, GE, API, AFAS, and Safeguard. LOTS is one of the top providers and administrators of payment protection products in the United States. MenuVantage will electronically rate their products, electronically remit and enroll their customers, as well as enable the dynamic printing of their contracts on plain printer paper.
MenuVantage's online rating and contract functionality speeds the entire process, improves accuracy, and eliminates duplicate data entry for both dealers and aftermarket providers.
"We have long since learned the benefits of menu selling. Partnering with MenuVantage was the next logical step for us in our drive to use technology to better service our customers. We are excited that our dealers will soon be able to electronically rate and classify our Greentree Protection Service Contracts in real time as well as properly rate our Greentree Gap, and our credit insurance," commented David Menges, Automotive Division AVP, Life Of The South.
Phillip Battista, MenuVantage co-CEO added; "We are excited to have LOTs join our platform and look forward to helping their dealers improve efficiency with our electronic process and submission technology. Our platform is a huge improvement over the traditional paper-based rate guides and contracting processes. It reduces delays, contract errors and administrative costs; which benefits both dealers and aftermarket providers."
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. The MenuVantage system incorporates a powerful communication feature that offers the capability to broadcast information directly to their dealer's desktops. With this feature providers can run contests, make announcements and post new product promotions in minutes. Additional provider benefits include a built-in reporting suite that automatically submits cleared contracts on a daily basis. Providers can now track and monitor dealers daily; detect trends early, identify weak points before they become problems and respond accordingly.
MenuVantage has seen a strong increase in market presence and currently processes more than 100,000 deals per month for over 4000 users at automotive dealerships in all 50 states nationwide; the average deal with MenuVantage produces $903 per unit compared to $633 per unit without the system - a 30% increase in revenue.
About Life of the South (http://www.life-south.com)
Founded in 1982, Jacksonville, Florida-based Life of the South has become one of the top providers and administrators of payment protection products in the United States. Life of the South serves clients in the automotive, banking, credit unions, consumer finance, retail, credit card, and vacation ownership industries. The company is considered one of the premier providers of products and services to financial institutions. It also holds a national reputation as a third-party administrator. Visit Life of the South at http://www.life-south.com
About MenuVantage (http://www.menuvantage.com)
MenuVantage, based in Orlando, FLA, provides automotive dealers with best in class F&I tools to ensure compliance and increased per unit profit. The MenuVantage system offers F&I Departments the most advanced technology available on the market today to increase F&I sales. It is also capable of the electronic submission of warranty and F&I products to providers, real time service contract rating, and the dynamic printing of documents on regular paper.
Founded in 2003, MenuVantage has enjoyed tremendous growth and currently services more than 4,000 users at automotive dealerships in all 50 states nationwide, processing more than 100,000 deals per month. MenuVantage has developed a system that not only assists dealers in the F&I office, but also Providers with contract administration making the system a truly end to end business solution. Over 50 providers currently enjoy the benefits of the MenuVantage platform including CNA National Warranty Corporation, SouthwestRe, GE, API, AFAS, EasyCare and Safeguard. MenuVantage can be reached on the web at http://www.menuvantage.com
For additional information contact:
Carter-West Public Relations
Co-CEO MenuVantage LLC
Phone: (908) 222-4020 EXT 206