LoJack Joins MenuVantage Provider Exchange Network
ORLANDO, Fla.--MenuVantage, the market's premier web-based menu selling system, today announced that LoJack Corporation , the premier worldwide provider of tracking and recovery systems, has joined its Provider Exchange Network ("PEN"). The company joins over 60 other providers currently on the network. PEN streamlines the F&I process by providing auto dealers with direct integration to these providers. MenuVantage will enable dealers to electronically order and schedule the installation of LoJack products.
“LoJack is pleased to become part of MenuVantage’s Provider Exchange Network,” said Ronald V. Waters, President and Chief Executive Officer of LoJack Corporation. “Working with MenuVantage will help make the sales and installation process for our Stolen Vehicle Recovery Systems more effective and efficient for dealerships.”
MenuVantage Co-CEO, Phillip Battista added, "MenuVantage is proud to have been selected by such an industry leader as LoJack. We look forward to providing the technology that will enable dealers to electronically order and schedule the installation of LoJack products and support their dealers in taking their F&I performance to an even higher level."
According to Battista, 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 60 providers, and dynamic printing of documents on regular paper.
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.