Autovance Technologies Release of Desk for the US
February 12 2020 - 11:30AM
Autovance (a Quorum company TSX-V: QIS), a software development
company specializing in digital retailing solutions for auto
dealers, announced that its industry leading desking system for
automotive dealers, Desk, is now available to dealerships in the
US.
Autovance Desk is a proven leader in the field of desking tools
in Canada, with growth of over 162% in the past 3 years in that
market. The system helps dealers boost their lease
penetration and increase gross margins, while achieving high levels
of customer satisfaction by increased transparency of customer
payment options and decreased time required for presenting payment
options to customers.
The company has been working with a select group of dealerships
in the US since early 2019 to ensure the product meets the needs of
that market.
“We have worked diligently over the last 9 years to build the
strongest desking tool in the market. Our clean and easy-to-use
interface for dealership sales personnel, accurate and up-to-date
incentive program updates and, most importantly, our outstanding
customer financing and leasing presentation capabilities are what
has propelled our success so far,” says Autovance Vice President,
Rick Johnston. “We partnered with MarketScan to bring the most
up-to-date incentive, rate and residual data to our US dealership
customers and, after completing successful pilots, we are ready to
offer the system to dealerships in the US, initially by leveraging
our DMS partnership with Quorum’s XSellerator, where the system is
fully embedded within the XSellerator Sales CRM process.”
Autovance invites dealerships to come see its Desk and F&I
Menu products at the NADA Show in Las Vegas February 15th – 17th,
2020 (Booth #3292C).
About Autovance Founded in 2010, Autovance
Technologies, Inc. (Autovance), based in Lethbridge, AB, is the
leading web-based desking and F&I menu tool for dealers who
want to improve their per-vehicle gross profit, increase their
lease penetration, and focus on customer satisfaction. Autovance
Desk and Menu provides dealers’ customers a clear set of options so
they can make an informed buying decision. Dealer groups and
dealers representing 29 brands across Canada have chosen Autovance
to help manage the negotiation phase of their sales process.
Autovance is wholly-owned by Quorum Information Technologies
(Quorum) (TSX-V:QIS). For additional information please go to
www.autovance.com.
About Quorum Information Technologies
Inc.Quorum is a North American company focused on
developing, marketing, implementing and supporting its portfolio of
software and services for automotive dealerships and is traded on
the Toronto Venture Exchange (TSX-V) under the symbol QIS.
For additional information please go
to http://www.quoruminformationsystems.com/.
Forward-Looking InformationThis
press release may contain certain forward-looking statements and
forward-looking information ("forward-looking information") within
the meaning of applicable Canadian securities laws. Forward-looking
information is often, but not always, identified by the use of
words such as "anticipate", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "expect", "may",
"will", "project", "should" or similar words suggesting future
outcomes. In particular, this press release includes
forward-looking information relating to results of operations,
plans and objectives, projected costs and business strategy.
Quorum believes the expectations reflected in such
forward-looking information are reasonable but no assurance can be
given that these expectations will prove to be correct and such
forward-looking information should not be unduly relied upon.
Forward-looking information is not a guarantee of future
performance and involves a number of risks and uncertainties some
of which are described herein. Such forward-looking information
necessarily involves known and unknown risks and uncertainties,
which may cause Quorum's actual performance and financial results
in future periods to differ materially from any projections of
future performance or results expressed or implied by such
forward-looking information.
Neither the TSX Venture Exchange nor its
regulation services provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed this release and
neither accepts responsibility for the adequacy or accuracy of this
release.
Contact: Autovance Technologies Inc.(855)
388-0145media@autovance.com
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