Q-F&I Features and Benefits
Quantech Q-F&I Helps Auto, RV, PowerSports and Marine Dealerships make more money!
With our "enter it once and send it where it needs to go" approach, Quantech Q-F&I simplifies the finance office process allowing your finance managers to concentrate on presenting and selling F&I products, NOT deal entry!
Think of Q-F&I as your F&I hub
There's no easier way to explore F&I options with a customer than with Q-F&I. Beginning with our incredible Quick Quote tool you can calculate a tax in price or payment containing all of your F&I options without having to enter anything more than the price of the unit. After entering customer, unit, and deal information in our well laid out deal screen you can easily explore F&I options with your customer on the deal screen or using our optional menu. At anytime in the process you can send the information to Dealertrack to explore finance options and send it back to Q-F&I once financing is secured. Using one of Quantech's other integrations with top Canadian F&I providers you can reduce entry even more. Printing to plain paper (laser) is a breeze using our Q-Print forms printing utility.
Quantech allows multiple users and unlimited access to Q-F&I for one low price so Q-F&I can be used by the sales department as well as the business office.
We already have F&I software in our DMS, why would I need Q-F&I?
Quantech has hundreds of users that have elected to use Q-F&I instead of the F&I modules in their DMS. Why? Because from the ground up Q-F&I is designed for the Canadian market, it's not an afterthought or a re-skinned version of a US based system. Q-F&I has features not found in ANY other F&I program like our integrations with F&I partners like IA-SAL, First Canadian Insurance not to mention our Dealertrack finance portal integration.
Quantech goes both ways....start deals in Q-DMS or Dealertrack!
In the interests of expediency many finance managers, particularly those focused on sub-prime start deals in Dealertrack to find credit scores and determine finance options. Customer and deal information is then re-entered into the DMS. Not with Q-F&I. You can start a deal in Quantech or in Dealertrack. In either case you can get the information back into Quantech saving entry time.
Something you probably didn't know about bi-weekly calculations...
Virtually every Canadian finance institution calculates a monthly payment the same way. The same cannot be said for non-monthly (bi-weekly) calculations. A few years ago while trying to balance a bi-weekly deal from our system with the bank documents we realized not all banks calculate bi-weekly deals the same way. In response, our programmers developed a second bank calculation algorithm. To the best of our knowledge Quantech offers the ONLY F&I software with multiple bank payment calculators!
Balancing as opposed to fudging the numbers...
Every finance manager knows the bank document calculations have to match the Bill of Sale. We call this "balancing". Some managers solve the problem with white-out and a black pen; others use system over rides that allow you to bypass the deal calculations. The problem with both of these methods is that at the end of the day the numbers don't really add up. We don't allow deal calculation over rides in our system because they aren't needed. You will be able to get our calculations to match the bank documents using our powerful deal calculators.
Your favorite calculation tool....the Quick Quote!
Unlike most deal calculators that require you to enter customer and unit information to calculate a tax in price or payment, the Q-F&I Quick Quote makes it possible to calculate a payment or tax in price with all fees, taxes, warranties and insurances. All you need to enter is the price of the unit! It even comes with a convenient Roll feature to calculate tax in targeted pricing or payments.
The “Deal” screen is the heart and soul of Q-F&I
The well laid out deal screen or our optional menu puts everything within a mouse click making it easy to present a customer's financing and insurance payment options. You save time to sell more instead of calculating payments and filling out paperwork.
The Quantech Deal Calculation Engine - best in the business!
Quantech is well known as having the most accurate calculation engine in Canada. That DNA is built into Q-F&I and makes it easy to sell F&I products in any type of deal. Whether it's a finance deal containing multiple insurance products or a lease deal with bi-weekly payments, you can be confident that Q-F&I will calculate the deal correctly, and balance with your bank documents with ease!
From the deal screen you can easily:
- Import a deal from or export a deal to Dealertrack.
- Export deal to IA-SAL, First Canadian Insurance, SSQ, or Global Warranty
- Change the type of deal (Cash, Finance, Lease)
- Add and/or change a buyer
- Add and/or change a unit
- Add a trade
- Add a deposit
- Add accessories
- Modify deal parameters
- Modify costs related to a deal or F&I products in the deal
- Add and/or change credit insurances
- View, add or delete F&I products
- Apply or change fees and taxes
- Change to a menu view (optional feature)
- "Roll a Deal" to match a targeted payment or tax-in price by reducing the price, increasing the trade, or adding a COD payment.
- Print a Disclosure, Deal Washout, or any of your forms
Q-F&I selling tools
Q-F&I comes loaded with excellent selling tools including Quick Quote, Roll Payment and a Lien Payout Calculator. Other selling tools like being able to view the cost of any F&I product as a daily, weekly, monthly or total price make it easier to position them to customers.
The powerful (optional) menu in Q-F&I has features that make it one of the most feature rich menus in Canada. Within the menu you can:
- Link to any external documents like Videos, YouTube, Web pages, PDF documents, etc.
- Present as many as eight different F&I products in one of four groups.
- Load deal specific Warranties, GAP, Maintenance, and Tire & Wheel products into the menu.
- Customizable Group & Product Headings, Descriptions, Pricing, as well as the Deal parameters.
- Live menu editing from the presentation screen; add, delete, or modify products, change deal parameters, track changes.
- Setup and compare different deal parameters in each menu group.
- Track changes made to the menu using QTracker.
- Unlimited menu templates.
- Add or modify templates.
- Print Declination.
- Insert products from the selected group into the deal.
Reports That Help You Do A Better Job Managing Your Finance Office
Quantech Q-F&I comes with powerful reporting features, so you can drill into your business and get the information you need. See who is generating the most business, get deal statistics, commission reports, and print F&I profit reports along with your Remittance reports. Quantech Q-F&I is a powerful business management tool, which puts key business indicators and information at your fingertips. You can also export data from Q-F&I to Excel, so you can move data between programs or perform custom analysis.