Tag Archive | "F&I Admin"

Kathinokkula to Host Online F&I Panel at PALS 2016


LAS VEGAS — Software expert Kumar Kathinokkula will serve as moderator for a panel dedicated to online F&I at the upcoming P&A Leadership Summit, organizers announced Thursday. The event will be held Aug. 30–31, 2016, at Paris Las Vegas.

“Making F&I products available online for end consumers is a subject of great interest to dealers, agents and providers as car buying evolves ever closer to full online purchasing,” said Kathinokkula, who serves as COO of F&I Administration Solutions. “Doing so requires educating the consumers on the value propositions of these products, simplifying the choices, and ensuring the dealer stays in control of the transaction. I feel confident that, with the group we have convened for this panel, we can deliver an intelligent and thought-provoking discussion on this topic.”

The session, “Presenting F&I Products Online,” will also include Daniel Lievrouw, vice president of operations and IT at American Guardian Warranty Services Inc., and Brett Pomerantz, director of ecommerce for Cox Automotive and a founding member of the MakeMyDeal team.

“Any change to the F&I process, even in the name of progress, is bound to spur debate,” said David Gesualdo, show chair and publisher of P&A magazine. “My hat is off to Kumar, Dan and Brett for tackling the subject head-on, and I look forward to a memorable session.”

To register for the 2016 P&A Leadership Summit, click here. Attendees who register by midnight tonight, will save $100.

To inquire about sponsorship and exhibition opportunities, contact David Gesualdo via email hidden; JavaScript is required or at 727-947-4027.

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50th F&I Product Administrator Signs On With F&I Admin


CHICAGO – F&I Administration Solutions, LLC (F&I Admin), North America’s leading provider of software solutions for the administration of F&I products, announced today that it has added it’s 50th product administrator to the company’s steadily growing customer base. This milestone marks a significant achievement for F&I Admin and confirms its leadership position in the automotive and powersports F&I industry.

Since purchasing the company in 2009, F&I Admin has achieved exponential year on year growth – building its customer base from 7 to 50, integrating to over 60 menu and other partners and enhancing its SCS Auto software to continually expand its solutions and services without compromising on flexibility and ease of use. Over 5 million new transactions were processed through the SCS Auto system in 2015.

“F&I Admin differentiates itself from competitors by consistently evolving and updating its software and services,” said Kumar Kathinokkula, COO of F&I Admin. “This constant growth of the breadth and depth of our functionality ensures that we are always appealing to an ever growing list of potential customers. This is one of the major drivers of the rapid pace at which customers are signing up with us.”

“We are very proud of this moment in F&I Admin’s history,” added David Trinder, CEO of F&I Admin. “Companies who select F&I Admin are looking for a partner that is dedicated to the complete customer experience but is still agile enough to adjust to this ever-changing industry. Our continued growth is a direct result of F&I Admin’s ability to deliver to this expectation.”

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F&I Administration Welcomes Aegis Powersports to SCS Auto Platform


CHICAGO – F&I Administration Solutions LLC (F&I Admin), North America’s leading provider of software solutions for the administration of automotive F&I products, has announced that Aegis Powersports will utilize F&I Admin’s SCS Auto platform for the administration of its F&I products.

Aegis Powersports was launched in December 2014 as a division of Aegis Specialty Insurance Services, an innovative Silicon Valley-based provider of dealer F&I and personal lines insurance products. Aegis specializes in protection products for dealers who sell motorcycles, dirt bikes, ATVs and personal watercraft.

“F&I Admin and the SCS Auto platform were an easy choice for us,” said Jeff Kenny, vice president of dealer products for Aegis Specialty Insurance Services. “Powersports gives us the opportunity to diversify our offerings, and F&I Admin gives us the confidence to enter this market knowing our product administration and customer service needs will be met.”

“We have built a presence in the Powersports segment through a few of our current customers and our system delivers on its unique set of requirements,” said David Trinder, CEO of F&I Admin. “We look forward to providing Aegis with the tools it needs to succeed and prosper in their new venture.”

 

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Simoniz Joins F&I Admin’s SCS Auto Platform


CHICAGO – F&I Administration Solutions LLC (F&I Admin), a leading provider of software solutions for the administration of automotive F&I products, has announced that Simoniz USA is now using F&I Admin’s SCS Auto platform for the administration of its F&I products.

Simoniz USA’s president and CEO, Bill Gorra, said his company selected SCS Auto after exploring every available option. “We made our choice based on F&I Admin’s administration capability as well as their connectivity with the menu and other dealer system providers,” Gorra said. “We feel confident knowing they have the ability to electronically contract our products through any system our dealers may be using.”

Simoniz USA was founded in 1910 and is America’s oldest car care brand. The Bolton, Conn.-based company produces an extensive lineup of retail products in addition to its F&I product lineup, which is sold by thousands of U.S. dealers.

“We are so pleased to have Simoniz on our system, especially considering their position in the industry,” said David Trinder, CEO of F&I Admin. “We are integrated to over 40 menu and other dealer point of sale systems, and we continue to add to the list each month. This strategy has been extremely valuable to our customers, and Simoniz has clearly seen the opportunities it creates.”

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F&I Administration Solutions Announces Successful Completion of SSAE 16 (SOC 1) Audit


Chicago, Ill. – F&I Administration Solutions LLC (F&I Admin), North America’s leading provider of software solutions for the administration of automotive F&I products, announced the successful completion of its first SSAE 16 (SOC 1) audit. F&I Admin develops and supports the SCS Auto product suite, which enables F&I product providers to manage all F&I products including vehicle service contracts, GAP, prepaid maintenance, appearance protection, etch, key replacement, theft, limited warranties and more in a single system throughout the entire product lifecycle.

“With so many customers using and considering using SCS Auto, we wanted to show that our commitment to excellence extended to not only the product capabilities and partnerships, but also to the underlying processes and controls required to manage the code and customer data,” said David Trinder, CEO, F&I Admin. “This reinforces our repeated message to our customers – that F&I Admin is as forward-looking as they are, not only by leading with product features and integration capabilities, but in the standards and controls necessary to ensure sustained growth with minimal risk.”

“F&I Admin’s focus on strong internal controls is evident in this report,” said Jim Jimenez, managing partner, SSAE 16 Professionals LLP. “The successful completion of this audit is a testament to F&I Admin’s integrity, accountability and its commitment to its clients.”

“Completing a successful SSAE 16 audit not only required a clear understanding of the controls that are necessary, but required us to prove that they are in place and that we are following them diligently,” added Kumar Kathinokkula, COO, F&I Admin. “Interestingly, our existing processes and controls did not have to change at all, which is a testament to the fact that we have always believed in managing our business the right way.”

The audit undergone by F&I Admin was conducted in accordance with the AICPA SOC reporting standards. It was conducted by SSAE 16 Professionals, a full service accounting firm providing SSAE 16 (SOC 1) audits, SOC 2 audits, and other IT compliance audits.

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Wise F&I Goes Live on F&I Admin’s SCS Auto Platform


Chicago – F&I Administration Solutions LLC (F&I Admin), North America’s leading provider of software solutions for the administration of automotive F&I products, is pleased to announce that Wise F&I LLC is now using F&I Admin’s SCS Auto platform for the administration of all of its F&I products.

“We looked at all the possibilities for an administration platform,” said Rob Berger, executive vice president, Wise F&I. “We were impressed with the broad capability of SCS Auto, not only as an administration solution but also in terms of their extensive partnerships, many of which will improve our operational efficiency with both sales and back end administration.”

“We are very pleased to have Wise F&I on SCS Auto,” said David Trinder, CEO, F&I Admin. “Wise F&I is a market leader in the F&I space and they have a long and impeccable reputation in the industry. They certainly did their homework before signing with us, so we see their endorsement as confirmation of our own leadership position in the industry.”

“F&I Admin’s capabilities are consistent with our vision and goal to be the F&I partner of choice,” said Matt Croak, President, Wise F&I. “Now that we have our full product suite deployed on SCS, we look forward to continued growth utilizing industry leading technology.” Wise F&I’s ever expanding product lineup includes GAPWise, WiseCARE, THEFTWise, WiseTVPSM and IDTheftWise. With eContracting and eRemittance capabilities, as well as menu system integration, Wise F&I is electronically connected providing a greater ease of doing business.

SCS Auto is an F&I sales and administration solution that supports over 14 F&I products, including GAP, vehicle service contracts, appearance protection, limited warranties, theft and more. In addition to delivering a complete, streamlined sales administration solution, SCS Auto is connected to many third-party partners, including menu systems, inspection companies, payment plan providers, a credit card payment solution provider, the leading appearance protection claims management solution and many more.

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