The Impact Group Launches eContracting with Provider Exchange Network

The Impact Group's Fusion Menu partners with Provider Exchange Network for electronic ratings, forms and contract origination.

TROY, MI (PRWEB) February 2, 2011 – Provider Exchange Network (PEN), a division of Open Dealer Exchange, LLC, is pleased to announce integration with the F&I menu company The Impact Group, Inc. Impact'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 eRating and eContracting an integral component of the Fusion menu process for our dealers. A forward-thinking and seamless process is vital to reducing wasted time, eliminating errors and enhancing the F&I experience for everyone involved."

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.

"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 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.

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About The Impact Group, Inc.

Founded in 1988, The Impact Group is a nationally recognized automotive software development firm that services the finance & insurance industry. Impact specializes in increasing profitability and customer satisfaction through cutting-edge web technologies and a unique approach to the F&I department. Impact's programs include a robust, qualitative reporting module, certified DMS integration, electronic rating and remittance to product administrators, real time vehicle values data, and legal compliance protection. Impact also provides custom development services for OEM's, third party administrators, and general agents. For more information, please visit www.TheImpactGroup.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.