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Provider Exchange Network Announces Agreement with MaximTrak

PEN expands network reach with addition of industry-leading menu system MaximTrak

TROY, MICHIGAN/ June 21, 2011 – Provider Exchange Network (PEN), a division of Open Dealer Exchange, LLC, today announced its agreement with MaximTrak Technologies to integrate with the company's independent F&I Menu & Reporting system, MaximTrak. This integration will allow Maxim to better serve its thousands of dealers via PEN's streamlined electronic rating, forms and contract origination.

"We're excited to partner with another industry leader as we continue to build the strength of our network by integrating with the MaximTrak menu system," said Mark Virag, Managing Director of PEN. "Our expertise is offering electronic contracting solutions that eliminate errors and streamline the process, resulting in more efficiency and accuracy for all involved."

PEN (www.ProviderExchangeNetwork.com) 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 eContracting for aftermarket products. Functions include electronic ratings, forms preparation and contract origination.

"Teaming up with Provider Exchange Network provides us an excellent opportunity to better serve our dealership clients. The partnership with PEN expands the breadth of MaximTrak's electronic rating and contracting services and enhances the F&I process through PEN's varied e-solutions," said Jim Maxim, President of MaximTrak Technologies. "Because of this partnership and the benefits the technology offers, dealers will be able to deliver a more consistent F&I margin on every vehicle sold."

MaximTrak provides F&I Managers with state-of-the-art sales tools and enables dealerships to quickly and easily manage and enhance the profitability of their F&I Department. MaximTrak streamlines multiple transaction functions on one common platform and helps create a more transparent process for the consumer which leads to a better experience and higher customer satisfaction ratings. MaximTrak generates and retains all of the F&I Menus, Credit Applications, Credit Reports, Compliance Logs and Management Reports within its platform, making it a central library for the Business Office.

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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 MaximTrak Technologies

MaximTrak is a leading provider of F&I Systems Technologies to the retail automotive, motorcycle and powersports industries. The company designs, develops and deploys advanced technologies to enhance the customer buying experience and enables retailers with tools to manage and improve profitability and compliance within the finance and insurance department. With over 25 years of experience servicing automotive dealers, MaximTrak works together with its clients and partners to establish a better vehicle delivery process by utilizing technology to create a lasting and repeatable customer experience that results in higher profits and increased customer satisfaction.

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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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