TROY - Provider Exchange Network (PEN), a division of Open Dealer Exchange, LLC, announced it has launched an integration project with GAPWise® to offer dealers the ability to rate and contract for Wise F&I products.

GAPWise® is one of the oldest and longest running GAP insurance companies in the United States.

This connectivity enables F&I Aftermarket Product eContracting directly from dealer software. Embedded into the system, eContracting functions eliminate the need for the dealership user to access multiple applications or have to re-enter critical deal data in order to complete the transaction.

Currently, ADP Menu – previously MenuVantage – and The Impact Group Fusion menu integrate to PEN. This same technology will be made available direct from the dealership F&I software from Reynolds and Reynolds and Automatic Data Processing (ADP).

“Doing business electronically must be easy for dealers to adopt,” stated Rob Berger, Vice President of Operations for Wise F&I. “PEN fits well into our comprehensive strategy focused on streamlining the entire origination process from registration through remittance. “

“GAPWise® is a strong and recognized partner in the industry, poised for significant growth,” said Mark Virag, Managing Director of PEN. “PEN is happy to represent their products and expand our network to better serve the industry.”

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 unique integration approach eliminates the need for separate applications to enable eContracting for aftermarket products. Functions include electronic ratings, forms preparation and contract origination.