Wednesday, Oct. 24, 2007, 08:00 PM UPDATED 11:59 AMBy Nick Zulovich
ORLANDO, Fla. — MenuVantage recently announced that Nation Safe Drivers has joined its nationwide network of active F&I providers.
The company joins more than 50 other providers currently on the MenuVantage platform, including Protective, A.U.L Corp., LOTS, Cal-Tex Protective Coatings, SouthwestRe, CNA National, EasyCare, GE, American Financial Automotive Services and Safeguard.
Nation Safe Drivers specializes in the creation and marketing of auto-related supplemental products, such as tire and wheel warranties, towing and roadside assistance packages, along with gap and Etch protection products.
MenuVantage said it will electronically rate Nation Safe's products, electronically remit and enroll customers, as well as offer printing capabilities for the company's contracts on plain paper.
According to officials, MenuVantage's online rating and contract functionality can speed the entire process, improve accuracy and eliminate duplicate data entry for both dealers and aftermarket providers.
"We believe this relationship will benefit our customers by bringing greater efficiency to the F&I office and positively affecting their profitability," explained Michael Wiener, senior vice president of marketing for Nation Safe.
Phillip Battista, MenuVantage's co-chief executive officer, added: "The continued expansion of the MenuVantage network makes it increasingly beneficial for our more than 4,000 users.
"By providing electronic rating, contracting and submission to our mutual customers nationwide, we are helping dealers to best meet their customers' needs and sell more vehicles," he continued.
MenuVantage noted that it currently processes more than 100,000 deals per month for its more than 4,000 users at dealerships in all 50 states.
Moreover, officials claim the average deal with MenuVantage produces $903 per unit, compared to $633 per unit without the system, which is a 30-percent increase in revenue.