TROY, Mich. — Provider Exchange Network (PEN), a division of Open Dealer Exchange LLC, has launched an integration project with with GAPWise to offer dealers e-contracting capabilities for Wise F&I products.

“Doing business electronically must be easy for dealers to adopt,” said Rob Berger, vice president of Operations for Wise F&I. “PEN fits well into our comprehensive strategy focused on streamlining the entire origination process from registration through remittance.”

Dealers can use PEN’s e-contracting directly from their dealership software, bypassing the need to access multiple applications or re-enter deal data to complete the transaction. Currently, ADP Menu and The Impact Group’s Fusion menu are integrated to PEN. The technology will be made available also from Reynolds and Reynolds and Automatic Data Processing (ADP) dealership F&I software, according to PEN.

“GAPWise is a strong and recognized partner in the industry, poised for significant growth,” said Mark Virag, managing director of PEN. “PEN is happy to represent their products and expand our network to better serve the industry.”

PEN is an electronic data exchange that integrates the F&I product provider with dealers’ point-of-sale systems, whether through a menu or directly with the DMS, according to the company. Functions include electronic ratings, forms preparation and contract origination.

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