RouteOne and MenuVantage to Streamline The F&I Process
FARMINGTON HILLS, Mich., Feb. 6, 2008 -- RouteOne LLC announced today integration with MenuVantage that will allow all 22,000 RouteOne dealers nationwide free access to MenuVantage's Provider Exchange Network (PEN), which streamlines the F&I process by providing direct integration to more than 50 providers. PEN enables member dealers to reduce errors and improve Customer Satisfaction Index (CSI) ranking by electronically rating products, dynamically printing documents with electronic signatures, and electronically submitting registrations to providers, all at no cost to the dealership.
Dealers can click on RouteOne's new "F&I Exchange" tab to access the MenuVantage PEN home page. Existing MenuVantage customers may log in to PEN with their ID and password, and new users may enroll through the web site.
"Our integration with best in class providers such as MenuVantage promotes our open integration strategy, which is a key tenet of our dealer support model," said Mike Jurecki, RouteOne CEO. "RouteOne continues to offer dealers the solutions they need to streamline their sales processes and drive efficiencies. Now dealers can access MenuVantage's Provider Exchange Network through the RouteOne platform."
Commenting on the new alliance, Phillip Battista, MenuVantage Co-CEO stated: "We are very excited to join with RouteOne to offer our network to all RouteOne dealerships at no cost. Our network gives dealers the real-time ability to integrate seamlessly with their chosen service providers all at the click of a button. It is a well-known fact that 30% of all service contracts that are registered nationally are found to have errors and our electronic processing fixes this very issue while improving overall CSI."
In addition to providing access to both captive and non-captive finance sources through a single portal, RouteOne offers a wide variety of tools to assist the dealer in managing their day-to-day business, such as a detailed reporting suite, DSP integration, and credit bureau access, all within a single desktop application. RouteOne's open integration business model allows the dealer to integrate with their choice of a wide variety of best-in-class providers, including Dealer Management Systems, CRM systems, F& I modules, and menu providers. More information can be found at www.routeone.com.
ABOUT ROUTEONE
Established in April, 2002, RouteOne LLC is a joint venture formed by Chrysler Financial, Ford Motor Credit Company, GMAC, and Toyota Financial Services to deliver vastly improved efficiencies in the credit application process for automobile dealers, their customers and participating finance institutions. The joint venture is developing a web-based system that will enable dealers and all their finance sources, including banks and other financial institutions, to manage the credit application and consumer financing process online. More information is available at http://www.routeone.com/.
ABOUT MENUVANTAGE
MenuVantage, based in Orlando, Florida, 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 electronic contracting and signature. Founded in 2003, MenuVantage has enjoyed tremendous growth and currently services more than 8,000 users at automotive dealerships in all 50 states nationwide and Canada, processing more than 100,000 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 , Service Payment Plan (SPP), A.U.L Corporation, LOTS, Cal-Tex Protective Coatings, SouthwestRe, CNA National, EasyCare, GE, American Financial Automotive Services, and Safeguard. MenuVantage can be reached on the web at http://www.menuvantage.com/.