As MenuVantage now integrates with 13 DMS providers besides Reynolds and Reynolds and ADP, there is virtually no franchised dealership in the US and Canada that cannot benefit from this solution
Orlando, Fla. (PRWEB) October 8, 2008
MenuVantage (http://www.menuvantage.com), the market's premier web-based menu selling system, today announced that it has incorporated a Red Flags Rule compliance solution that is seamlessly integrated into its menu selling software and embedded into the sales process. It is a no cost value-added tool for current and future MenuVantage auto dealer customers, providing unlimited free Red Flags checks.
MenuVantage's Red Flags Rule solution is an automated compliance solution that will help protect vehicle dealerships from claims, fines and litigation. The solution provides electronic best practices to create turn-key, "good faith" compliance programs that increase protection, reduce liabilities and help mitigate identity theft in accordance with the FTC's Red Flags Rule. The Red Flags Rule mandates that dealers implement an identity theft prevention program by November 1, 2008.
"As MenuVantage now integrates with 13 DMS providers besides Reynolds and Reynolds and ADP, there is virtually no franchised dealership in the US and Canada that cannot benefit from this solution," commented Philip Battista, MenuVantage Co-CEO. "Our solution is a simplified, streamlined path to help dealers conform to the FTC's Red Flags Rule and is another illustration of our commitment to dealers in providing industry-leading technology and solutions in the F&I Office," Battista added.
MenuVantage has seen a strong increase in market presence and currently processes more than 100,000 deals per month for over 14,000 users at automotive dealerships in all 50 states nationwide as well as Puerto Rico 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 14,000 users at automotive dealerships in all 50 states nationwide, Canada and Peurto 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.