Quotepro releases multipurpose kiosk technology to eliminate BHPH cash management pain

The kiosk accepts all forms of payment, can double as an ATM, and is tailored to each buy-here-pay-here dealer's accounting processes.

Jan 27, 2016, 09:00 ET from Quotepro Inc.

CHICAGO, Jan. 27, 2016 /PRNewswire-USNewswire/ -- Quotepro Inc., a provider of sales and payment technology for buy-here-pay-here dealers across the country, has unveiled a payment kiosk that accepts cash, check, money order, debit card and credit card transactions. The kiosk can be used for loan payments, down payments and insurance premium payments – with more enhancements in the works. It also functions as an ATM and is the first kiosk to be fully customized around each dealer's accounting, weaving seamlessly into back-end bookkeeping.

"These kiosks save dealers thousands of dollars each month by eliminating the overhead and risks normally associated with cash payments," said Marco Freudman, president of Quotepro. "In addition, each kiosk is equipped with the same comparative rating technology Quotepro provides in the F&I office through its DMS integrations. The Quotepro software offers up to six insurance quotes from trusted local agencies who personally serve buy-here-pay-here customers, rather than selling the leads to a third party. Whether in the F&I office or at the kiosk, buyers can sign up for quality car insurance within minutes."

Buy-here-pay-here dealers will benefit from:

  • Increased traffic to storefront – Because the kiosk can double as an ATM, it provides extra functionality that encourages customers to pay in person. In addition, by accepting all forms of payment in an automated process, the kiosk attracts customers who would otherwise pay off site at one of the popular money transfer franchises.
  • Continual service from open to close – The machine never takes a break, gets distracted, has a personal emergency, or calls in sick.
  • Greater accountability for car buyers – The customer keys in all payment information themselves, eliminating the possibility of cashier mistakes – both actual and perceived – when recording payments or counting out change.
  • Stronger long-term relationships with customers – Quotepro dealers don't just replace a cashier with a kiosk. They use that change to empower sales staff to interact more with customers every time they enter the store.
  • Time savings for employees – Managers no longer need to spend time counting money or making multiple bank deposits on busy days.
  • Eliminated risk of fraudulent bills – The kiosk automatically detects and kicks back any counterfeit bills.
  • Improved safety – Handling large amounts of cash is a tremendous safety risk for employees, both in the store and during the transfer to the bank. Plus, if the dollar amount counted at the bank differs from the total confirmed when the cash left the dealership, there's no easy way to locate the discrepancy.

Neighborhood Autos General Manager Eddie Hale implemented at least one kiosk at each of his eight Texas locations. "Cash is extremely difficult to control. Even with strong systems, it was a consistent frustration," Hale said. "Now, all the cash is counted and boxed for us. We never even touch it, and an armored vehicle picks it up at the end of each day. We receive a report to reconcile with our statements, so our role is just bookkeeping now. Thanks to these kiosks, 100 percent of our cash management issues have been eliminated."

Hale said the deciding factor to implement the kiosks was Quotepro's ability to customize the supporting software for his dealership's accounting needs. "There are a lot of 'boxes' you can stick your money in, but this kiosk was completely tailored to how we do business. The product adapts to our processes rather than the other way around."

Hale chose to reinvest his cost savings from the kiosk into an additional salesperson, furthering his plan to reconnect sales staff with their customers. "Before installing the kiosks, our sales team rarely interacted with customers after they purchased a vehicle. All future discussions happened with the cashier," he said. "Now, my sales team members have so many more opportunities to talk with their customers. They're having the important conversations about referrals, the customer's next trade, or their teenager's upcoming car purchase."

Quotepro's kiosks are now available in all 50 states. The company plans several enhancements in 2016, including the ability to accept payments for more than 9,000 billers such as municipalities, utilities, cell phone companies and cable companies.

About Quotepro
Based in Chicago, Quotepro Inc. provides buy-here-pay-here dealers with payment kiosks that accept cash, check, money order, debit card and credit card transactions. These kiosks save dealers thousands of dollars each month by eliminating the overhead and risks normally associated with handling cash payments. In addition to payment kiosks, Quotepro offers custom websites and mobile applications for processing online payments and sales for auto dealers and insurance agents across the country. For more information, please call (800) 630-8045 or visit www.quotepro.com.

SOURCE Quotepro Inc.