We are very pleased to have Norman & Company join our platform. The continued expansion of the MenuVantage network makes it increasingly beneficial for our over 8000 users. By providing electronic rating, contracting and submission to our mutual customers nationwide, we are helping dealers to best meet their customers' needs and sell more vehicles
Orlando, Fla. (PRWEB) March 17, 2008
MenuVantage, (http://www.menuvantage.com) the market's premier web-based menu selling system, today announced that Norman & Company Inc. has joined its Provider Exchange Network ("PEN") with its Classic Gap, Classic Tire & Wheel and Classic Anti-Theft product lines. The company joins over 50 other providers currently on the network. PEN streamlines the F&I process by providing auto dealers with direct integration to these providers. MenuVantage will electronically rate the Classic products, electronically remit and enroll their customers and enable electronic contracting, keeping the submission process paperless and hassle-free.
The Classic line of products is used by more than 2000 auto dealers throughout the US. The company markets its products through a network of over 200 independent agents nationwide.
"We are very pleased to have Norman & Company join our platform. The continued expansion of the MenuVantage network makes it increasingly beneficial for our over 8000 users. By providing electronic rating, contracting and submission to our mutual customers nationwide, we are helping dealers to best meet their customers' needs and sell more vehicles," stated Phillip Battista, MenuVantage Co-CEO.
Commenting on the new alliance, Jerry Davis, Vice President Norman & Company, stated, "We believe this relationship will benefit our customers by bringing greater efficiency to the F&I Office and positively affecting their profitability."
MenuVantage provides dealers with superior F&I tools to ensure compliance and increased gross 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 and real time service contract rating for over 50 providers.
MenuVantage has seen a strong increase in market presence and currently processes more than 100,000 deals per month for over 8,000 users at automotive dealerships in all 50 states nationwide and Canada; the average deal with MenuVantage produces $903 per unit compared to $633 per unit without the system - a 30% increase in revenue.
MenuVantage, based in Orlando, Florida, 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 electronic contracting and signature. Founded in 2003, MenuVantage has enjoyed tremendous growth and currently services more than 8,000 users at automotive dealerships in all 50 states nationwide and Canada, 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 , Service Payment Plan (SPP), A.U.L Corporation, LOTS, Cal-Tex Protective Coatings, SouthwestRe, CNA National, EasyCare, GE, American Financial Automotive Services, and Safeguard. MenuVantage can be reached on the web at http://www.menuvantage.com.