Integrated dealer electronic contracting offers more options for selling F&I products
Chicago, Illinois – May 08, 2013 – F&I Administration Solutions, LLC (F&I Admin), North America’s leading provider of software solutions for the administration of automotive F&I products, is pleased to announce the integration of PayLink Payment Plans financing services into its dealer electronic rating and electronic contracting solution. Now service and F&I departments within dealerships can automatically generate contracts with 0% financing, flexible payment terms, and multiple payment options for F&I products purchased outside of the auto loan directly from F&I Admin’s dealer electronic contracting solution.
“We continue to look for ways to maximize efficiency and help drive service plan sales for dealers. Providing real-time connectivity with PayLink makes our electronic contracting process a fast, effortless, and profitable solution for dealers,” said David Trinder, CEO of F&I Admin. “Creating this level of integration has streamlined the process of selling service contracts to customers by eliminating double entry, increasing accuracy and saving time.”
Connecting the electronic contracting solution to PayLink’s online financing makes it possible for a F&I manager to immediately offer PayLink financing options to a customer when presenting the F&I Admin electronic contracting solution. When an option is selected, only the additional required data has to be inputted for an application to be complete. As a result, the F&I manager not only has all options immediately available at the point of sale, but applying for the chosen option is quick and easy, thereby enhancing the entire sales process.
“PayLink’s integration with F&I Admin streamlines the processing of financing F&I products outside of the auto loan, making it easier for dealerships to benefit from using the 0% interest payment plans PayLink has to offer,” said Rebecca Howard, CEO of PayLink Payment Plans. “Our partnership makes the process faster and easier by eliminating the need for duplication of information and completion of multiple forms.”
About Paylink Payment Plans
PayLink Payment Plans is a financial services firm that specializes in providing interest free financing for the purchase of vehicle service contracts and other F&I products when purchased outside of the auto loan. PayLink financing plans allow consumers to pay for VSCs in monthly installments, which is a critical driver of sales of VSCs and other F&I products. Over the years, PayLink has built strong partnerships with their clients: Dealers of all sizes selling both new and pre-owned vehicles, service drive customers, independent vehicle service contract marketers, service contract administrators and highly-rated insurance companies. Based in Chicago, IL, PayLink finances programs throughout the United States. Additional information can be found at www.paylinkdirect.com.
About F&I Administration Solutions, LLC
F&I Administration Solutions, LLC is the leading provider of software for the administration of all automotive F&I products including vehicle service contracts, GAP, tire & wheel, appearance protection, limited warranty, theft, key replacement, prepaid maintenance and much more. Built specifically for automotive F&I product and service providers, the SCS Auto platform is a fully integrated, web-based solution that automates and streamlines the F&I product administration process. Services include product configuration and design, channel (dealer and agent) management, contract management, claims management and risk management. In addition, the system is connected electronically to over 40 partners, including menu systems, inspection companies, credit card processors, payment plan providers and many more, all of whom add to efficiencies for dealers, agents and providers. Additional information can be found at www.fiadmin.com.