The Impact Group Launches e-Contracting With Provider Exchange Network
TROY - Provider Exchange Network (PEN), a division of Open Dealer Exchange LLC, has announced integration with The Impact Group Inc. The menu maker’s Fusion Menu will now feature electronic rating, forms and contract origination via PEN.
“We couldn’t be more excited about the partnership with Provider Exchange Network,” said Mark Thorpe, president of The Impact Group. “Our ultimate goal is to make e-rating and e-contracting an integral component of the Fusion menu process for our dealers.”
Dealers using the Fusion menu system will now be able to rate service contracts and other F&I products instantly and without errors. In addition, the system supports plain-paper contracts and electronic origination, reported F&I and Showroom.
“The Impact Group is an outstanding organization with a fast-growing dealer base,” said Mark Virag, managing director of PEN. “This relationship brings us one step closer to our goal of eContracting for every dealer in North America.”
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 integration approach eliminates the need for separate applications to enable e-contracting for aftermarket products. Functions include electronic ratings, forms preparation and contract origination.
More Industry
Autos More Appealing
Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.
Read More →
Used EVs Defy Overall Market
While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.
Read More →
Gone to the Dogs
A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Exposure Drives Interest in Chinese Cars
At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Agent Advocate
Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.
Read More →
Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
Read More →
Affordable New Cars a Thing of the Past
More than one out of five new vehicles sell for more than $60,000, according to Edmunds. That's up 7% compared to prepandemic 2019.
Read More →