Moving forward we will continue to grow by adding dealerships and providers, as well as complementary products and services
Orlando, FL (PRWEB) March 30, 2009
MenuVantage, (http://www.menuvantage.com) the market's premier web-based menu selling system, today announced record company growth for Q1 2009. The company added four premier dealer groups to its growing nationwide network: the Bob Rohrman Auto Group, ranked number 22 on the list of top125 dealership groups in the United States, Kenny Ross Automotive Group, ranked number 92, Cochran Automotive, ranked number 83, and the Bill Marsh Automotive Group, one of the most innovative and well known dealer groups in the country.
"MenuVantage helps dealers produce the extra profit that is so badly needed in today's economy. Dealers using our software on average see $903 per unit compared to $633 per unit without the system - a 30% increase in revenue," commented Phillip Battista, MenuVantage Co-CEO." Moving forward we will continue to grow by adding dealerships and providers, as well as complementary products and services," Battista added.
MenuVantage attributes its success to its state-of-the-art technology, including the highly successful Provider Exchange Network (PEN), which streamlines the F&I process by providing auto dealers with direct integration to over 60 providers. PEN enables electronic signature and e-contracting for any provider's entire set of F&I products, and significantly streamlines the F& I process for auto dealership customers nationwide. Auto dealers can submit consumer service contracts electronically, reduce errors in contracting and greatly reduce the amount of time spent in the F&I Office while maintaining an electronic record for seven years.
As well MenuVantage has formed key strategic partners and is the exclusive F&I menu selling software platform for ADP under the W.E.B.Menu brand, for GMAC under the IntelliMenu brand and for American Financial Automotive Services under the MasterMenu brand.
MenuVantage has also branched out from the F&I office and taken its extremely effective menu selling software into the service lane. ServiceMenu is a web-based dynamic sales tool that integrates with major Dealer Management System (DMS) providers for a seamless service transaction and gives auto dealerships an easy, affordable way to increase product sales in the service drive. The recent addition of Electronic Signature through the new MenuVantage platform streamlines the entire process in the service drive. Dealers can now submit consumer service contracts electronically, right from the service drive, reduce errors in contracting and significantly reduce the amount of time spent executing the contract. The Bob Rohrman Auto Group and Kenny Ross Automotive Group have both chosen to add ServiceMenu as well as MenuVantage's F&I menu solution.
According to Battista, with the current automotive retail climate, sales of ServiceMenu are at an all time high. "ServiceMenu dealers are creating huge profits in the service lane through the selling of F&I products. As a result, sales of ServiceMenu are exploding!" said Battista.
MenuVantage has seen a strong increase in market presence and currently processes more than 100,000 deals per month for over 18,000 users at automotive dealerships in all 50 states nationwide as well as Puerto Rico and Canada.
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 18,000 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.
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