Ultimate Warranty Corporation, Leading Third-Party Administrator, Adopts NAT eGateway(TM) with eMenu(TM) Selling to Deliver Seamless, Real-Time Sales Efficiency to its Auto Retail Customers
Digital workflow solution lets dealers present and sell service contracts, GAP coverage, theft deterrent devices, and other aftermarket products faster, easier and more profitably
NEW ORLEANS, Jan. 29 -- Ultimate Warranty Corporation, a leading aftermarket third-party administrator (TPA), announced today at the NADA Convention in New Orleans in conjunction with NAT, Inc., the leading provider of F&I aftermarket product workflow profitability solutions, that they have adopted the NAT eGateway(TM) with the NAT eMenu(TM) selling solution to better serve their dealership customers.
NAT eGateway is a bi-directional, real-time, seamless digital link between the dealership point-of-sale, the dealership management system (DMS), and the aftermarket product providers' back office.
Auto retail customers of Ultimate Warranty Corporation will now realize the following benefits when presenting aftermarket product offerings to vehicle buyers:
* Reduce or eliminate the reason more than 20 percent of aftermarket
contracts sold at dealerships are submitted to providers containing
incomplete, inaccurate or mis-rated information. Preventing these
errors will reduce chargebacks, and will improve and maintain customer
service levels.
* Be more confident that their product presentations will be in
compliance with various states' disclosure laws and federal
regulations.
* Present and sell a wider range of product offerings, customized for the
consumer at any point in the sales process.
"After extensive industry research, we decided that NAT's technology and menu selling solutions were better than other similar solutions in the marketplace. The real deciding factor was that NAT's eGateway will allow us to offer a great selling menu selling tool and simultaneously provide useful technology to enhance the sales process," said David Michael, CEO of Ultimate Warranty Corporation. "This system will improve the flow of information between us and our clients, and eliminate any effort behind choosing and pricing a service contract."
Peter Leger, CEO of NAT, Inc., said, "We are extremely pleased to be partnering with Ultimate Warranty Corporation, a leading third-party administrator. Our solutions will enable them to increase market penetration of its aftermarket products while reducing administration costs and driving up customer satisfaction. The resulting increase in sales and decrease in administrative work creates a powerful win-win scenario for our clients that is not to be found elsewhere in the marketplace today."
NAT's eMenu selling solution delivers:
* A fast, accurate and effective F&I menu sales tool
* Real-time plans and pricing, along with intelligent vehicle rating
* The ability to incorporate and customize any product
* Bi-directional integration with major DMS providers
* Electronic contract reporting directly to participating insurance
providers like Ultimate Warranty Corporation
* A detailed activity log which can feed management reports via NAT's
eData Services(TM) solution
NAT eMenu is one of five new applications powered by the NAT eGateway. NAT eMenu allows the F&I manager to rate a proposed aftermarket product contract and assemble an effective presentation in five seconds and ensure that the dealership presents a complete, accurate presentation that offers all of the dealership's aftermarket products all the time to every customer. NAT eMenu also processes contracts and finalizes booking of the deal to the dealership DMS automatically, creating a total sales process that enables regulatory compliance -- and raises retailers' back end gross margin.
Just as online financing portals dramatically altered how dealership F&I offices source and present finance options, the NAT eGateway is the first electronic link between automobile dealers and their aftermarket product providers. An ASP model requiring only a PC and high-speed Internet connectivity, NAT developed the eGateway under Leger, formerly the CEO of CMSI-Credit Connection(TM) before its merger with online financing portal DealerTrack(TM); and who, as president of ADP Dealer Services, pioneered development of ADP AutoConnect, one of the industry's first online car- shopping portals, which later evolved as AutoTrader.com Cox Enterprises(TM).
For more information about NAT or for a copy of the White Paper, 6 REASONS WHY THE INDEPENDENT DIGITAL HUB WILL IMPROVE F&I AFTERMARKET PRODUCTS SALES AND PROFITS, contact James Maguire, VP Marketing, at (847) 384-2200 ext. 3080 or at jmaguire@natinc.com.
About NAT (http://www.natinc.com/ )
Headquartered in Rosemont, IL, NAT, Inc. provides front and back end technology solutions to improve workflow processes for aftermarket providers, including insurance companies, third-party administrators (TPAs) and auto retailers who underwrite, price, administer, manage and sell service contracts, GAP coverage, theft deterrent devices, credit life insurance and other aftermarket products. NAT's front office solutions are powered by the NAT eGateway and feature NAT eMenu and NAT eData Services. NAT's back office solutions include its SCS Automotive Platform, which streamlines and automates the traditional fragmented, time-consuming and error-prone manual processes required to administer, insure, price and market new aftermarket products, manufacturer warranties, extended service contracts and their related claims processing.
About Ultimate Warranty Corporation (http://www.uwc21.com/ ) Based in Rocky River, Ohio, Ultimate Warranty Corporation is a premier provider of service contracts and ancillary F&I products. Since inception, Ultimate Warranty's focus on quality, integrity, and service has proved to be a reliable formula for success. Ultimate Warranty products, sold only through a select retail network, are competitively priced and feature a consumer- friendly claims management process unlike any other. Currently serving over 5,000 dealerships nationwide, Ultimate Warranty continues to expand its retail network and prove to have value-added products and services unmatched in the industry.
DISCLAIMER: NAT eGateway(TM) is a trademark of NAT, Inc. All other trademarks, service marks, and registered trademarks are the property of the respective mark holders, including AutoTrader.com, which is a trademark of TPI Holdings, Inc. and Cox Enterprises, and DealerTrack, which is a trademark of DealerTrack, Inc.