Archive | Product & Technology

Where are we headed in 2011?

Where are we headed in 2011?

The software and technology industry is one of the fastest changing and most influential industries affecting businesses of all types across the globe. As new technology becomes available, so does new opportunities. These opportunities are available and can be utilitzed by almost any industry, and in almost any business process including finance and accounting, Sales … Read More »

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The World As We Know it Has Changed!

The World As We Know it Has Changed!

As providers and administrators, it is very important that your agents and salespeople who represent your companies and products are servicing the dealer clients well. This can be quite a challenging, almost mountain-high hurdle in the world as we know it today. Over the past few years, many things about doing business in the automobile F&I … Read More »

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Full Speed Ahead: Pros and Cons of Red Flags Checks

Full Speed Ahead: Pros and Cons of Red Flags Checks

Menu Providers’ Perspectives! Full speed ahead: The Red Flags Rule is in enforcement! Yes, that’s right, the day has finally arrived! And that means the time has come to comply, comply, comply! As of Jan. 1, the FTC not only has the power to go after banks, credit unions and captive lenders that violate the rule, … Read More »

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Pros and Cons of Red Flags Rule Compliance

Pros and Cons of Red Flags Rule Compliance

Many of the menu companies that our P&A readership use provide identity verification transactional checks to prevent identity theft and help satisfy the provisions for the Red Flags Rule. But how effective is the identity verification tool in thwarting identity theft and reducing liabilities? On Jan. 1, 2011, sections 114 and 315 of the Fair … Read More »

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Web Services: New Technology or New Hassle?

Web Services: New Technology or New Hassle?

I moderated a panel on web services at the VSCAC conference on Sept. 15. The panel consisted of Brent Allen, President, Stone Eagle Insurance; Kumar Kathinokkula, COO, F&I Administrative Solutions; Mark Virag, Managing Director, Open Dealer Exchange; and Brian Reed, CEO, Intersection Technologies, Inc. The following are some thoughts I took away from this session. … Read More »

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Software App Solves Industry’s Diverse, Ongoing Integration Needs

Software App Solves Industry’s Diverse, Ongoing Integration Needs

In June, P&A Magazine published an article titled “The Integrated Industry: Software Fact or Fiction?” which outlined the industry’s longstanding challenge of integrating various mission-critical software applications with the typical dealership management system (DMS). Sharing data with the DMS is an important requirement for providers of F&I products, and streamlining this process ensures accurate data, … Read More »

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