MenuVantage Adds Assurant to Network
ORLANDO, Fla. — MenuVantage announced that Assurant Solutions has joined its nationwide network of active F&I providers. The company joins more than 50 other providers, including Protective, A.U.L Corporation, LOTS, Cal-Tex Protective Coatings, SouthwestRe, CNA National, EasyCare, GE, American Financial Automotive Services and Safeguard.
According to officials, Assurant is a leading provider of title administration services, service contracts and debt protection programs to auto lenders and dealers. MenuVantage said it will electronically rate Assurant's products, electronically remit and enroll its customers and enable the printing of the company's contracts on plain printer paper.
Phillip Battista, MenuVantage's co-chief executive officer, said, "Another premier provider coming onto the MenuVantage platform is a testament to how well our submission technology is actively working in the market today. We look forward to providing the technology that will support their dealers and agents in taking F&I performance to new levels."
MenuVantage has developed a system that not only assists dealers on the front end, but also providers on the back end, executives said.
Executives explained that providers can run contests, make announcements and post new product promotions in minutes through the system.
Additional provider benefits include a built-in reporting suite that automatically submits cleared contracts on a daily basis, the company added.
MenuVantage said it has seen a strong increase in market presence and currently processes more than 100,000 deals per month for more than 4,000 users at dealerships in all 50 states nationwide.
The company pointed out that the average deal with MenuVantage produces $903 per unit compared with $633 per unit without the system — a 30-percent increase in revenue.