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OptionSoft Technologies Integrates with Provider Exchange Network

CLIFTON PARK, N.Y. – OptionSoft Technologies Inc., a provider of Automotive Finance software, announced today that it has completed integration with Provider Exchange Network(PEN). This integration will allow OptionSoft to better serve thousands of dealers via PEN's streamlined electronic rating, forms and contract booking connection.

PEN is an electronic data exchange that streamlines the sales process by integrating the F&I product provider with the dealer's point-of-sale system, whether through a menu or directly with the dealership management system (DMS) desking software. This unique integration approach eliminates the need for separate applications to enable full electronic contracting for aftermarket products. Functions include electronic ratings, forms preparation and contract booking.

"Integration to PEN allows OptionSoft to become more responsive to our clients with more efficiency," said Ken Tomaro, President of OptionSoft Technologies. "Our dealers benefit through access to PEN's network of VSC and Ancillary product providers. OptionSoft benefits through reduced administration, allowing us to focus on our dealer facing products."

To learn more about OptionSoft Technologies Inc., visit their website at www.otiservices.com or call 1-866-684-6368.

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About Provider Exchange Network

A division of Open Dealer Exchange, Provider Exchange Network (PEN) focuses solely on the relationship between the F&I product provider and their dealer's preferred software application, such as the dealer management system (DMS) or electronic menu. Using exclusive Patent Pending technology, PEN connects various dealer service providers, menu companies and administrative systems to the majority of dealerships in the United States with the most advanced connection in the industry. The flow of information through PEN reduces costs for the provider through rapid, accurate and secure transactions in a paperless process that is easy for all parties involved. For more information on PEN, please visit www.providerexchangenetwork.com.

About Open Dealer Exchange, LLC

A joint venture between ADP Dealer Services, Inc. and The Reynolds and Reynolds Company, Open Dealer Exchange is a technology leader within the automotive F&I process for connecting lenders and F&I product providers with their dealer partners throughout the United States and Canada. By providing a direct connection into the dealership's main network — the DMS — Open Dealer Exchange virtually removes the need for the dealer to leave their system-of-record during the F&I process. This innovative process results in increased operational efficiencies, reduced contract errors, and a more streamlined process with a lender or provider's franchised dealerships. For more information on Open Dealer Exchange and its divisions, please visit www.opendealerexchange.com.

Archived News

12/02/2015 - OptionSoft Technologies Integrates with Provider Exchange Network
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10/01/2014 - ADP Dealer Services and Cobalt are now CDK Global!
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08/08/2013 - IAS teams up with ADP to offer streamlined eRating and eContracting for F&I dealerships
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02/06/2013 - ADP Teams Up with Provider Exchange Network for F&I Product Rating and Contracting
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09/19/2012 - OptionSoft to connect with Provider Exchange Network
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09/06/2012 - IAS SmartMenu to connect with Provider Exchange Network
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09/04/2012 - Reynolds Adds Integration Between its Dealership Management Systems and the Provider Exchange Network
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04/20/2012 - Dynamique Auto Dealer Solutions Inc. Adds Provider Exchange Network (PEN) Integration
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04/17/2012 - Provider Exchange Network (PEN) to Enable Aftermarket Product E-Contracting for AUL Products
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09/22/2011 - National Automotive Experts to Connect to Provider Exchange Network for e-Contracting
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