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IAS teams up with ADP to offer streamlined eRating and eContracting for F&I dealerships

The company offers their dealerships a real time solution to help eliminate errors and increase profits and satisfaction.

Austin, Texas - August 8, 2013 - IAS, a leading provider of F&I aftermarket programs to automobile dealerships, today announced that their full line of ancillary products are available through the ADP F&I product rating and contracting solution. The solution serves as a digital pipeline that connects the dealer management systems (DMS) directly to IAS F&I products via the Provider Exchange Network. This free solution helps F&I managers accurately rate and contract F&I products and services instantly within a deal.

ADP's F&I product rating and contracting simplifies the process, allowing the F&I manager to stay focused on closing the deal and ensuring that the transactions have the most accurate pricing and data thereby reducing F&I income adjustments. Additionally, the system provides flexible printing options via a laser printer, eliminating the need to store three-part forms and ensuring that the customer always receives the most current form language.

"Right now the F&I manager has to leave the deal screen and take his or her attention off of the customer in order to either flip through a manual or search an external web site for data that is sometimes not even accurate," said Matt Nowicki, vice president of retail software for IAS. "Plus, since the integration connects directly to IAS at the time of sale, customer data is available to claims representatives immediately upon sale in the event of a claim. And that allows both IAS and our dealerships to provide the unprecedented levels of customer service."

Every dealer that utilizes the technology integration can reduce costly and time consuming errors in rating and contracting, which in turn reduces the chance of customers returning to re-sign documents and having to deal with chargebacks and/or adjustments.

"In an increasingly competitive marketplace, dealers who provide the best customer service will win the most deals." said Bob Corbin, president and CEO of IAS. "IAS dealers will have immediate access to more accurate information and we will be able to supply dealers updated, real time data. This allows them to focus on their customers with will ultimately not only increase profits, but also enhance the customer's dealership experience."

The company announced a similar collaboration with Reynolds & Reynolds DMS last year. The solution free to dealers with ADP Drive 1.5 or higher.

To learn more about PEN, visit the website at www.providerexchangenetwork.com.

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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.

About IAS

Innovative Aftermarket Systems (IAS) is the leading provider of F&I aftermarket programs to automotive dealerships. IAS offers a variety of products including, GAP, Invisible Phantom Footprints, Theft Avert, Super Polysteel, The Preferred Difference, R.O.A.D. InTire, among others. Additionally, IAS' flagship software suite, SmartDealerProducts, provides revolutionary F&I software solutions for dealerships and their customers. IAS' training department, SmartDealerUniversity, provides ongoing training and feedback to ensure continued penetration, ethical presentations and increased profits for IAS dealership customers. Headquartered in Austin, Texas, IAS has hundreds of certified agents throughout the United States and provides technology solutions and aftermarket products for many of the top-100 dealer groups. For more information, please visit www.iasdirect.com.

Archived News

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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08/26/2011 - F&I Administration Solutions, LLC Launches Integration with Provider Exchange Network
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07/21/2011 - GAPWise® Joins the Provider Exchange Network for F&I Product eContracting
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