Troy, MI (PRWEB) August 29, 2011
Provider Exchange Network (PEN), a division of Open Dealer Exchange, LLC, is pleased to announce that F&I Administration Solutions, LLC has successfully completed a PEN Certified Interface, allowing dealers to electronically rate, contract and register contracts for all providers using the SCS Auto administration solution.
“Our connectivity to any dealer system or menu will assist F&I Admin’s customers in increasing sales and managing all products in one system,” said Mark Virag, Managing Director of PEN. “PEN’s partnership with F&I Admin will also greatly benefit their customers by ensuring a coordinated integration and support of PEN-enabled dealer systems such as MenuVantage, and soon Reynolds & Reynolds and ADP DMS systems.”
PEN is an electronic data exchange that streamlines the sales process by integrating the F&I product provider with the dealer’s point-of-sale system, whether through a menu or directly with the dealership management system (DMS) desking software. This unique integration approach eliminates the need for separate applications to enable eContracting for aftermarket products. Functions include electronic ratings, forms preparation and contract origination.
David Trinder, CEO of F&I Administration Solutions, said “We are very pleased to have completed the PEN Certification. This connection further expands the reach of F&I Admin and continues with our philosophy of giving dealers every possible way to work electronically with providers.”
To learn more about PEN, visit the website at http://www.ProviderExchangeNetwork.com
About Open Dealer Exchange, LLC
Open Dealer Exchange enables providers and finance sources to embed their offerings into point-of-sale (POS) systems used by automotive dealers to conduct business both in the showroom and the business office. A joint venture between Automatic Data Processing, Inc. (ADP) and The Reynolds and Reynolds Company, Open Dealer Exchange exists to improve the overall F&I process within automotive retailers throughout the United States and Canada. For more information on Open Dealer Exchange, please visit http://www.OpenDealerExchange.com. For more information on Provider Exchange Network—a division of Open Dealer Exchange—please visit http://www.ProviderExchangeNetwork.com.
About F&I Administration Solutions, LLC
F&I Administration Solutions, LLC is the leading provider of software for the automotive F&I industry. Built specifically for automotive F&I product and service providers, the SCS Auto platform is a fully integrated, web-based solution that automates and streamlines the F&I product administration process. This complete solution gives F&I product providers the necessary tools to run their back offices, while reducing IT expenses, time and manpower.
The hosted service is designed to allow provider administration staff to access a full suite of services that support product, contract, channel, claims and risk management functions, 24/7 via an intuitive graphical user interface using only a web browser. In addition to the administration functions, the system provides access to real-time data and a powerful reporting module that enables administrators to track payments, perform precise analyses and identify program inefficiencies. Additional information can be found at http://www.fiadmin.com.