Orlando, Fla. - MenuVantage, a web-based menu selling system, announced that NAC has joined its Provider Exchange Network, which streamlines the F&I process by providing auto dealers with direct integration to these providers.
The Ohio-based NAC joins more than 50 other providers currently on the network. PEN will electronically rate NAC products, electronically remit and enroll their customers and enable electronic signature and electronic contracting, keeping the submission process paperless and hassle-free.
NAC, formerly National Auto Care, is an innovator in the development and customization of aftermarket service contract programs and serves thousands of dealers nationwide.
The new partnership with MenuVantage "will provide our mutual customers nationwide greater efficiency to the F&I office and will positively affect their profitability," said Christina Schrank, NAC's director of operations.
"We are very pleased to have NAC join our platform. The continued expansion of the MenuVantage network makes it increasingly beneficial for our over 8000 users. Thirty percent of all service contracts that are registered nationally are found to have errors and our electronic processing fixes this issue while improving overall CSI," said Phillip Battista, MenuVantage Co-CEO.
MenuVantage has seen a strong increase in market presence and currently processes more than 100,000 deals per month for over 8,000 users at automotive dealerships in all 50 states nationwide and Canada. The average deal with MenuVantage produces $903 per unit compared to $633 per unit without the system - a 30 percent increase in revenue.