ORLANDO, FL – MenuVantage, the market’s premier web-based menu selling system with bi-directional Dealer Management System (DMS) integration, today announced that CNA National Warranty Corporation has selected MenuVantage as a provider of Menu Selling software nationwide. CNA National, one of the CNA companies, is a leader in the vehicle service contract industry.
The company joins over 50 other providers currently on the MenuVantage platform including SouthwestRe, EasyCare, GE, API, AFAS, and Safeguard.
MenuVantage co-CEO Phillip Battista commented, "We are proud of how well our submission technology is actively working in the market today. Another premier provider coming onto the MenuVantage platform is further testament to this. 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; offering unique benefits to F&I Providers. The MenuVantage system incorporates a powerful communication feature that offers the capability to broadcast information directly to their dealer's desktops. With this feature providers can run contests, make announcements and post new product promotions in minutes.
Additional provider benefits include a built-in reporting suite that automatically submits cleared contracts on a daily basis. Providers can now track and monitor dealers daily; detect trends early, identify weak points before they become problems and respond accordingly.
MenuVantage has seen a strong increase in market presence and currently services more than 2,500 users at automotive dealerships in over 42 states nationwide, processing more than 70,000 deals per month. The average deal with MenuVantage produces $903 per unit in F&I Income compared to $633 per unit without the system – a 30% increase in revenue.
About CNA National (www.cnanational.com)
Founded in 1982 and headquartered in Scottsdale, Arizona, CNA National is a leader in the vehicle service contract industry. It was the first company to be recognized by J.D. Power and Associates for "Highest Overall Dealer Satisfaction with Service Contract Providers" and the only company to earn the highest designation for service contract providers in the Dealers' Choice Awards. CNA National is one of the CNA companies.
CNA is the country’s seventh largest commercial insurance writer and the 14th largest property and casualty company. CNA’s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA’s services include risk management, information services, underwriting, risk control and claims administration. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products may not be available in all states. CNA is a service mark registered with the United States Patent and Trademark Office.
About MenuVantage (www.menuvantage.com)
MenuVantage, based in Orlando, FLA, provides automotive dealers with best in class F&I tools to ensure compliance and increased per unit profit. The MenuVantage system offers F&I Departments the most advanced technology available on the market today to increase F&I sales. It is also capable of the electronic submission of warranty and F&I products to providers, real time service contract rating, and the dynamic printing of documents on regular paper.
Founded in 2003, MenuVantage has enjoyed tremendous growth and currently services more than 2,500 users at automotive dealerships in over 42 states nationwide, processing more than 70,000 deals per month. MenuVantage has developed a system that not only assists dealers in the F&I office, but also Providers with contract administration making the system a truly end to end business solution. Over 50 providers currently enjoy the benefits of the MenuVantage platform including CNA National Warranty Corporation, SouthwestRe, GE, API, AFAS, EasyCare and Safeguard.
Used-vehicle values fell by an average of 1.9% in October, the largest decline since January but on course with seasonal patterns, according to the latest report from Black Book.