Provider Exchange Network (PEN) to Enable Aftermarket Product E-Contracting for AUL Products

SOUTHFIELD, Mich., April 26, 2012 /PRNewswire/ -- 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. AUL is an industry leader of F&I products with commitment to service, reliability and financial strength.

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

To learn more about PEN, visit the website at www.providerexchangenetwork.com.

About AUL Corp.

A.U.L. Corp. founded the national used car service contract industry in 1990, with its famous ANY YEAR, ANY MILEAGE® Vehicle Service Contract.   AUL continues leading its industry and is the only provider of its type authorized to conduct business in all 50 states, as well as some Caribbean locations.  AUL enjoys the longest relationships with its underwriters who hold the highest A.M. Best ratings. AUL also enjoys the longest term relationships in the industry with its agents and dealer clients, verified by independent third party research.  AUL's mission is to be the premier service contract administrator in America, by any quantifiable measurement of business activity.  A.U.L. Corp. is 100% locally owned.  For more information, please visit www.aulcorp.com.

About Provider Exchange Network

A division of Open Dealer Exchange, Provider Exchange Network (PEN) focuses solely on the relationship between the F&I product provider and their dealer's preferred software application, such as the dealer management system (DMS) or electronic menu. Using exclusive patent-pending technology, PEN connects various dealer service providers, menu companies and administrative systems to the majority of dealerships in the United States with the most advanced connection in the industry. The flow of information through PEN reduces costs for the provider through rapid, accurate and secure transactions in a paperless process that is easy for all parties involved. For more information on PEN, please visit www.providerexchangenetwork.com.

About Open Dealer Exchange, LLC

Open Dealer Exchange is a technology leader within the automotive F&I process for connecting lenders and F&I product providers with their dealer partners throughout the United States and Canada. By providing a direct connection into the dealership's main network — the DMS — Open Dealer Exchange virtually removes the need for the dealer to leave their system-of-record during the F&I process. This innovative process results in increased operational efficiencies, reduced contract errors, and a more streamlined process with a lender or provider's franchised dealerships. For more information on Open Dealer Exchange and its divisions, please visit www.opendealerexchange.com.

SOURCE AUL Corp.