Orlando, FL (PRWEB) August 8, 2006
MenuVantage, a fully customizable, web-based menu selling system that integrates seamlessly with major Dealer Management Systems (DMS), today announced that SouthwestRe has selected MenuVantage as its exclusive national provider of Menu Selling software. SouthwestRe is a leading provider of F&I products and services, reinsurance programs and third-party administration for more than 6,000 auto dealerships in 48 states. SouthwestRe joins 50 other providers currently on the MenuVantage platform including EasyCare, GE, API, AFAS, and Safeguard.
“We conducted extensive due diligence when searching for a menu and electronic submission partner. MenuVantage had the best combination of technical and support capabilities and understanding of the dealer market to meet our needs. There's a lot more to MenuVantage than just a menu,” commented James B. Smith, SouthwestRe CEO.
MenuVantage co-CEO Robert Steenbergh added, "Another premier provider coming onto the MenuVantage platform is a testament to how well our submission technology is actively working in the marketplace today. Our business model will make SouthwestRe and its dealers more profitable and take their F&I performance to an even higher level."
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 50 providers, and
dynamic printing of documents on regular paper.
MenuVantage has seen a strong increase in market presence and currently processes more than 70,000 deals per month for 2,300 users at automotive dealerships nationwide; the average deal with MenuVantage produces $903 per unit in F&I Income compared to $633 per unit without the system -- a 30% increase in revenue.
SouthwestRe is a leading provider of reinsurance programs, third-party administration, F&I products, and industry specific knowledge. Its primary channels include vehicle service contracts, extended warranties, credit insurance, GAP coverage, aftermarket products, and home warranties. Founded in 1984, SouthwestRe processes over $200 million in insurance premiums per year, manages over 700 captive reinsurance companies, and has relationships with more than 6,000 auto dealerships in 48 states. For more information on SouthwestRe, visit http://www.reinsure.com.
MenuVantage, based in Orlando, FLA, 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 dynamic printing of documents on regular paper.
Founded in 2003, MenuVantage has enjoyed tremendous growth and currently services more than 2,300 users at automotive dealerships nationwide, processing more than 70,000 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 50 providers currently enjoy the benefits of the MenuVantage platform including GE, API, AFAS, EasyCare and Safeguard.
MenuVantage can be reached on the web at http://www.menuvantage.com.
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