STONEEAGLE.COM ANNOUNCES RELEASE OF AUTO INDUSTRY’S FIRST REAL TIME SERVICE CONTRACT RATE CALCULATOR WITH SEAMLESS INTERFACE WITH ADP DEALER MANAGEMENT SYSTEMS

How It Works – The Stoneeagle.com Rate Calculator utilizes a new customized screen on the ADP DMS System that interfaces with Administrators’ Rating Systems. Instead of looking at the Rate Chart and inputting a Warranty Premium in the F&I Screen, the F&I Manager simply selects from the Plans and Terms available for the vehicle being sold. Behind the scene, the Stoneeagle.com Rating Hub has obtained the specific Plans and Rates directly from the Service Contract Administrator’s system and loaded those Plans and Rates in the dealers ADP System.

Benefits to Dealers - Rating errors occur on 30% of all Service Contracts. These errors result in $12 to $18 lost gross per contract when averaged across all contracts sold. This $12 to $18 is paid to the Administrator when statements are reconciled in the following month, and represents Lost Gross Profit. When F&I Personnel obtain an accurate rate with the Rate Calculator, they can retain that Gross Profit by changing the Premium charged to the customer or offering a lower cost Plan or Term.

Benefits to Administrators and Agents – Administrators reduce administrative costs with Eliminated Data Entry. Both Administrators and Agents avoid the hassle of reconciling and collecting for rating errors.

“The Rate Calculator is a significant addition to the host of technology solutions offered by Stoneeagle.com to meet the Dealers, Administrators and Agents,” said Jim Hall of Service Life and Casualty. “It allows us to operate more efficiently, reduce costly errors for our dealers, and more importantly secure dealer loyalty by offering a value-added technology solution to our customer base.”

“ADP excels at meeting the needs of auto dealers,” said Cindy Allen, VP of Stoneeagle.com. “We are very excited to have developed a sophisticated, seamless interface between dealers’ ADP Systems and Stoneeagle.com’s Rating Hub.”

About The StoneEagle Group
The StoneEagle Group provides software solutions and enterprise administration systems that power Insurance Carriers, Service Contract Administrators, Third Party Administrators and Aftermarket Providers. StoneEagle leverages technology to create safe and secure connection points between Administrators and their Automobile Dealer, Bank and Credit Union clients, resulting in a multi-function solution suite of applications. Headquartered in Richardson, Texas, StoneEagle personnel have been involved in providing software applications to the insurance and related industries since 1967. For additional information please contact Jason Gillette: phone: 972-934-1751 email: jgillette@stoneeagle.com or visit StoneEagle’s web site at www.stoneeagle.com.