Auto/Mate Introduces New F&I System; Saves Auto Dealers Time by Integrating F&I Details with Accounting

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Auto/Mate Dealership Systems, (http://www.automate.com) software designed by car people for car people as the most user friendly and cost effective, announced today the release of its new F&I system. The new module is offered as part of Auto/Mate's AMPS (Automated Management Productivity Suite) dealership management software. The new F&I system integrates the details of sales and F&I deals with accounting in a seamless manner, saving time and money by eliminating the need for manual follow up in the accounting department, and improving reporting capabilities.

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Now the information is all there in the system. User-definable fields and drop-down menus make it easy for sales and F&I to enter in all the details in a consistent manner. This saves us a lot of time. Auto/Mate did a fantastic job with this new release.

Auto/Mate Dealership Systems, (http://www.automate.com) software designed by car people for car people as the most user friendly and cost effective, announced today the release of its new F&I system. The new module is offered as part of Auto/Mate's AMPS (Automated Management Productivity Suite) dealership management software. The new F&I system integrates the details of sales and F&I deals with accounting in a seamless manner, saving time and money by eliminating the need for manual follow up in the accounting department, and improving reporting capabilities.

"The growing number of rebates, incentives, fees, service contracts, warranties and accessories attached to a single deal has created a challenge for many dealers," said Mike Esposito, President and CEO of Auto/Mate. "Most F&I systems do not have the capacity to track the details of multiple items associated with a single sale, so they are typically combined into a lump sum in a single line with inconsistent entry details."

The new F&I system solves this problem by offering multiple fields for each category, i.e. users can assign up to 10 rebates and 20 fees to every deal, as well as numerous choices for incentives, service contracts, maintenance contracts, warranties, accessories and more. This results in more comprehensive and detailed information being available to the accounting, sales and F&I departments, as well as vastly improving reporting capabilities.

Roxanne Bendino is the controller for Clifton Park Dodge, and has been using the pilot version of the new F&I system for just over a month. "Previously, we had to manually break out lump sums that were in each category, such as rebates, and find out which rebates were given and what the amounts were so we could post them and track them properly," said Bendino. "Now the information is all there in the system. User-definable fields and drop-down menus make it easy for sales and F&I to enter in all the details in a consistent manner. This saves us a lot of time. Auto/Mate did a fantastic job with this new release."

In large dealerships with hundreds of car sales every month, eliminating the manual tasks associated with following up on F&I deals could result in literally hundreds of hours saved in the accounting, sales and F&I departments. Improved reporting allows office managers to drill down into the details of which types of rebates, fees, incentives, contracts and accessories are being offered the most, which aids in forecasting and sales decisions.

Auto/Mate new F&I system is available now. All current AMPS customers will receive the upgraded system at no cost.

About Auto/Mate:
Auto/Mate Dealership Systems was established 25 years ago with a simple goal: to provide an efficient and reasonably priced computer system to increase dealers' profitability. Designed by former auto dealer executives, AMPS (Automotive Management Productivity Suite) by Auto/Mate offers more than 20 fully integrated modules to suit any size dealership and to address every need, including Sales, F&I, Fixed Operations, Accounting, CRM, Fleet Sales and more. Auto/Mate's success has led to a continuous growth rate of more than 30% per year, with its system currently in use by more than 400 dealers. Auto/Mate is known as one of the most cost effective and user friendly systems on the market.

AMPS by Auto/Mate Dealership Systems is powerful, scalable and has a unique, graphical interface that makes it familiar and easy to use. AMPS is an open system and will run on most computer hardware that a dealer has in place. When compared to other systems on the market, AMPS offers the most value per dollar, allowing dealerships to operate more efficiently and profitably. For more information, please visit http://www.automate.com.

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