PEN Logo
Link to Open Dealer Exchange
 

 

PEN News Image

GAPWise® Joins the Provider Exchange Network for F&I Product eContracting

Alliance enables GAPWise customers to rate and contract deals electronically directly from the dealer's point-of-sale.

TROY, Mich., July 21, 2011 – Provider Exchange Network (PEN), a division of Open Dealer Exchange, LLC, announced it has launched an integration project with GAPWise® to offer dealers the ability to rate and contract for Wise F&I products. GAPWise® is one of the oldest and longest running GAP insurance companies in the United States.

This connectivity enables F&I Aftermarket Product eContracting directly from dealer software. Embedded into the system, eContracting functions eliminate the need for the dealership user to access multiple applications or have to re-enter critical deal data in order to complete the transaction. Currently, ADP Menu – previously MenuVantage – and The Impact Group Fusion menu integrate to PEN. This same technology will be made available direct from the dealership F&I software from Reynolds and Reynolds and Automatic Data Processing (ADP).

"Doing business electronically must be easy for dealers to adopt," stated 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."

"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 streamlines the sales process by integrating the F&I product provider with dealers' point-of-sale systems, whether through a menu or directly with the DMS. 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.

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

###

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 Wise F & I

Wise F&I provides comprehensive administration services for ancillary F&I products made available to automotive Dealers nationwide. Our products are delivered through two distinct sales channels: i) independent Agents and ii) national or regional Lenders. Collectively, these Dealers, Agents and Lenders make up our winning team of business partners – each member being critical to the success of our team. Through specialized reporting, branded product programs, or other customized administrative solutions – Wise F&I delivers winning solutions for our business partners. As 'Financial GAP Administrator', we currently provide the primary administrative services for the following national programs: GAPWise®, EquityProtect®, SecureGAPsm, The One® GAPsm and Advanced Protection Plansm in addition to many localized, private label programs. Wise Finance & Insurance ("Wise F&I") is a registered DBA of Reinsurance Associates, Inc. Financial GAP Administrator is a registered DBA of GAPWise LLC. GAPWise LLC is a wholly owned subsidiary of Reinsurance Associates Inc.
www.WiseFandI.com

Archived News

08/08/2013 - IAS teams up with ADP to offer streamlined eRating and eContracting for F&I dealerships
Read more...

02/06/2013 - ADP Teams Up with Provider Exchange Network for F&I Product Rating and Contracting
Read more...

09/19/2012 - OptionSoft to connect with Provider Exchange Network
Read more...

09/06/2012 - IAS SmartMenu to connect with Provider Exchange Network
Read more...

09/04/2012 - Reynolds Adds Integration Between its Dealership Management Systems and the Provider Exchange Network
Read more...

04/20/2012 - Dynamique Auto Dealer Solutions Inc. Adds Provider Exchange Network (PEN) Integration
Read more...

04/17/2012 - Provider Exchange Network (PEN) to Enable Aftermarket Product E-Contracting for AUL Products
Read more...

09/22/2011 - National Automotive Experts to Connect to Provider Exchange Network for e-Contracting
Read more...

08/26/2011 - F&I Administration Solutions, LLC Launches Integration with Provider Exchange Network
Read more...

 
Open Dealer Exchange, LLC on LinkedIn