LA CROSSE, Wis., Nov. 7, 2016 /PRNewswire/ -- Authenticom, LLC, today announced its DealerVault service is now helping 13 of the top 25 automotive retailing groups protect one of their most valuable assets – customer data.
Access to customer data is expected to generate $2 billion in economic activity by 2018, according to some industry analysts. It is crucial for automotive retailers to work with a cyber security expert that protects customer data and puts the dealership's needs first.
In 2013, Authenticom created Dealer Specialty Group, LLC, the parent company for DealerVault, the first-ever cloud-based system allowing automotive retailers control over how their customer data is stored and used. In addition to working with 13 of the top 25 automotive retailing groups, DealerVault has nearly 5,600 dealer customers and more than 450 vendor partners in total.
"The best metric we have for our success is the number of automotive retailers and their vendor partners who choose to work with DealerVault," said Steve Cottrell, CEO of Authenticom. "We always say 'We will only grow our business by making sure our customers grow their business's first!' Every day, we're driving toward their success."
The "Dealership Data Goldmine" at $2 billion annually projects to more than $100,000 per franchised dealer annually in additional costs. Major DMS providers' additional data use fees support their own revenue growth, but drive up costs for dealers and their third-party vendors.
DealerVault offers standardized pricing of $25 per month for a single nightly data feed or $50 per month for two or more nightly data feeds.
DealerVault has invested heavily in data security by leveraging Microsoft's most secure cloud-based solution, Azure. In addition, DealerVault's easy-to-use web platform allows its dealership partners to quickly and easily view and modify current data feeds, check the status of its ongoing vendor projects, disable access when needed and manage multiple stores with the simple click of a button.
Authenticom, based in La Crosse, Wisc., is a privately held company launched in 2002 by CEO Steve Cottrell. Authenticom provides a variety of data management services for automotive retailers across the country. DealerVault is the first cloud-based system designed to empower dealerships with control over the syndication and distribution of their DMS data. Its easy to use, Web-based platform allows dealerships to quickly set up, view, and modify DMS data feeds. DealerVault provides dealerships with a solution to all pressing issues including security, compliance, and indemnification.
www.dealervault.com, (877) 834-2451
SOURCE Authenticom, LLC