PEN to Enable Aftermarket Product E-Contracting for AUL Products

SOUTHFIELD – Provider Exchange Network (PEN), a division of Open Dealer Exchange, LLC, announced integration with AUL to offer dealers the ability to rate and contract for AUL F&I products directly through the dealer system.

The connectivity to PEN enables F&I aftermarket product e-contracting directly from the dealer software. Embedded into the system, e-contracting functions eliminate the need for the dealership user to access multiple applications or re-enter critical deal data in order to complete the transaction.

Currently, ADP Menu (formerly MenuVantage) and The Impact Group Fusion menu integrate to PEN. This same technology will soon be made available direct from the dealership management software from Reynolds and Reynolds.

“The connection to PEN is valuable to AUL because PEN connections and services are best aligned to solve a long standing industry need,” says Rand Monroe, General Manager of AUL. “Doing business electronically must be easy for dealers to adopt and PEN supports this very well.”

“AUL is an outstanding organization with a strong dealer base,” said Ron Greer, VP of Provider Services at PEN. “This relationship brings us one step closer to our goal of e-contracting 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 dealers’ point-of-sale systems, whether through a menu or directly with the DMS. 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.