MenuVantage is proud to have been selected by Phoenix American and Wynn's, leaders in the service contract industry. We look forward to providing the technology that will support their dealers and agents in taking their F&I performance to an even higher level.
Orlando, FL (PRWEB) August 11, 2008
MenuVantage, (http://www.menuvantage.com) the market's premier web-based menu selling system, today announced that Phoenix American Insurance Group, Inc. ("Phoenix American") and Wynn's Extended Care, Inc. ("Wynn's"), have joined its Provider Exchange Network ("PEN"). Phoenix American and Wynn's are among the largest independent service contract and GAP administrators in the United States and serve thousands of dealers nationwide. They join over 60 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 Phoenix American and Wynn's products, electronically remit and enroll their customers and enable electronic signature and electronic contracting, keeping the submission process paperless and hassle-free.
"We are very excited to partner with MenuVantage. Their systems application will provide our dealers and agents with the most advanced and effective web driven process in the industry. It also ensures more diligent regulatory compliance and promotes best practices in all areas of F&I. Effective installation and implementation of MenuVantage has proven to significantly increase dealer profit in the F&I Department which is vitally important to the dealers we serve," commented Steve Brooks, President/CEO of Phoenix American and Wynn's.
MenuVantage Co-CEO, Phillip Battista added, "MenuVantage is proud to have been selected by Phoenix American and Wynn's, leaders in the service contract industry. We look forward to providing the technology that will support their dealers and agents in taking their F&I performance to an even higher level."
According to Battista, 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 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 60 providers, and dynamic printing of documents on regular paper.
MenuVantage has seen a strong increase in market presence and currently processes more than 100,000 deals per month for over 9,000 users at automotive dealerships in all 50 states nationwide, Canada and Puerto Rico; 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 9,000 users at automotive dealerships in all 50 states nationwide, Canada and Puerto Rico, 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 60 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 .