Dealers do not want to jump between multiple software applications to get through the F&I process. Enabling the dealers chosen software to support many providers is good for everyone.
Southfield, MI (PRWEB) September 06, 2012
Provider Exchange Network (PEN), a division of Open Dealer Exchange, LLC, is pleased to announce integration with Innovative Aftermarket Systems (IAS). The IAS SmartMenu application will now feature electronic rating, forms and contract origination for F&I product providers via PEN.
“Integration to PEN was a logical choice for IAS, both as a product provider and a menu provider,” said Matt Nowicki, Vice President of Retail Technology for IAS. “Serving our dealers with flexibility and choice to help them succeed is essential. Integration to PEN allows SmartMenu to further increase the number of providers available in our platform for electronic rating and contract origination.”
Dealers using the IAS SmartMenu system will be able to rate service contracts and other F&I products instantly and without errors. In addition, the system supports plain-paper contracts and electronic origination.
“This is a great example of open integration and providing ultimate flexibility for dealers,” said Ron Greer, Vice President of Provider Services at PEN. “Dealers do not want to jump between multiple software applications to get through the F&I process. Enabling the dealers chosen software to support many providers is good for everyone.”
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 e-contracting for aftermarket products. Functions include electronic ratings, forms preparation and contract origination.
About Provider Exchange Network
A division of Open Dealer Exchange, Provider Exchange Network (PEN) focuses solely on the relationship between the F&I product provider and their dealer's preferred software application, such as the dealer management system (DMS) or electronic menu. Using exclusive Patent Pending technology, PEN connects various dealer service providers, menu companies and administrative systems to the majority of dealerships in the United States with the most advanced connection in the industry. The flow of information through PEN reduces costs for the provider through rapid, accurate and secure transactions in a paperless process that is easy for all parties involved. For more information on PEN, please visit http://www.providerexchangenetwork.com.
About Open Dealer Exchange, LLC
A joint venture between ADP Dealer Services, Inc. and The Reynolds and Reynolds Company, Open Dealer Exchange is a technology leader within the automotive F&I process for connecting lenders and F&I product providers with their dealer partners throughout the United States and Canada. By providing a direct connection into the dealership's main network — the DMS — Open Dealer Exchange virtually removes the need for the dealer to leave their system-of-record during the F&I process. This innovative process results in increased operational efficiencies, reduced contract errors, and a more streamlined process with a lender or provider's franchised dealerships. For more information on Open Dealer Exchange and its divisions, please visit http://www.opendealerexchange.com.
About Innovative Aftermarket Systems
IAS has been leading the aftermarket industry in developing superior aftermarket programs and F&I software solutions since 1984. Headquartered in Austin, Texas, IAS offers the highest quality F&I products in the industry and backs them up with the finest quality administration and claims that exceed industry standards. In addition to exceptional product development and unparalleled customer service, IAS also offers world-class technology solutions that create a sensible and profitable turn-key approach to F&I. For more information, please visit http://www.iasdirect.com.