CONTACTS: Doug Towle ADP Dealer Services (847) 485-4373 Doug_Towle@adp.com

Phillip Batista, C.M.O. MenuVantage LLC (908) 222-4020, ext. 206 philbsp@msn.com

 

HOFFMAN ESTATES, Illinois -- September 26, 2006 -- ADP announced today that it has launched ADP w.e.b.Menu, a fully customizable, Web-based menu selling system designed to help increase back-end grosses and streamline the F&I selling process. ADP has chosen MenuVantage's real-time rating and submission software to be the exclusive F&I menu-selling software platform for w.e.b.Menu. MenuVantage is a leader in the F&I menu industry with more than 2,500 users in 38 states.

 

w.e.b.Menu offers a host of features including real-time service contract rating, electronic submission of warranty and F&I products to providers, matching payments and full disclosure worksheets. With integration to the ADP dealer management system (DMS), F&I Managers can use w.e.b.Menu tools to help boost product penetration, increase the speed of sales transactions, improve dealer compliance efforts and make the F&I selling process more consistent. MenuVantage reports that dealers using MenuVantage's application have seen an average of 30% increase on back end gross profit per deal when compared to deals delivered off the DMS, so ADP dealerships also can look forward to increased profits as they add w.e.b.Menu to their system.

 

Currently Sonic Automotive, a Fortune 300 company that uses ADP as its exclusive DMS provider, uses MenuVantage as its exclusive F&I menu-selling provider.

 

"Sonic Automotive conducted extensive due diligence for almost a year; researching many software providers. It became clear in our analysis that MenuVantage was the best fit with how Sonic operates its F&I practices," said Richard O'Connor, Vice President of Finance & Insurance of Sonic Automotive. "Most importantly, we chose MenuVantage as it showed the unique ability to help our dealerships with their compliance efforts and adoption of best practices in all areas of F&I, as well as increased profitability."

 

"In this industry, menu selling is a proven way to increase F&I grosses and CSI scores, and MenuVantage is a fast-growing company with a history of improving the F&I experience for car buyers," said ADP Senior Vice President of Marketing, Kevin Henahan. "We are confident that the ADP DMS integration with MenuVantage's proven solution will make w.e.b.Menu an invaluable tool for ADP dealerships' F&I departments."

 

"This relationship presents an immense opportunity to extend our services to ADP's growing customer base," said MenuVantage Chief Marketing Officer, Phillip Battista. "Through the integrated solution w.e.b.Menu provides dealers, we expect a tremendous increase in the adoption of MenuVantage at ADP dealerships. ADP dealers can access some of the most advanced technology on the market including electronic submission of warranty and F&I products to providers, real-time service contract rating for more than 50 providers, and dynamic printing of documents on regular paper."

 

About MenuVantage:

 

MenuVantage, based in Orlando, Fla. provides a unique approach to presenting and selling additional Finance and Insurance (F&I) products by providing a custom F&I menu with products that better suit each dealership customers' needs.

 

Menus are generated based on the deal parameters entered by an F&I manager at the time of sale. These deal parameters are used to build a menu from templates to provide the best possible package for each dealership customer. The F&I manager then has the opportunity to fine tune the parameters for pricing and term to provide a customized solution, meaning higher possibility of sale. The practice ensures that customers are offered all products and get all required disclosures. Benefits include: Real Time ADP/ R & R interface, electronic warranty look up, OFAC Compliance, an average 22% increase in product sales and Doubled PVR.

 

MenuVantage is a truly customizable web-based menu system featuring bi- directional integration with major dealer management systems (DMS), eliminating any need for double entry. A web-based system also averts the need to back up information on the company server - any computer with Internet Explorer(TM) can access the system. In addition, the system constantly queries the database to ensure that all taxes, fees and prices are accurate on every deal processed in the MenuVantage system. MenuVantage can be reached on the web at http://www.menuvantage.com.

 

About ADP Dealer Services

 

ADP Dealer Services provides integrated computing solutions to nearly 25,500 auto, truck, motorcycle, marine and recreational vehicle dealers throughout the United States, Canada, Asia, China, Europe and the Middle East. ADP Dealer Services is a business unit of Automatic Data Processing, Inc. (NYSE: ADP). ADP, with over $8.0 billion in revenues and more than 600,000 clients worldwide, is one of the largest providers of a broad range of premier, mission-critical, cost-effective transaction processing and information-based business solutions. More information on ADP Dealer Services is available on the Internet at http://www.dealersuite.com.