New Product Provides Increased Transparency and Reduces Cycle Time on Total Loss Valuations
Audatex Announces Autosource Plus
SAN RAMON, CA — January 16, 2007 — Audatex, a Solera company, the global leader in automotive claims processing, announced today the release of Autosource Plus, the company's new total loss valuation product designed to speed the settlement of total loss claims and to improve customer satisfaction. Based on the same market-proven, statistically valid methodology used in traditional Autosource, Autosource Plus includes enhanced reporting capabilities that have been proven to facilitate settlement.
Autosource Plus also fulfills the new regulatory requirements recently established within the California Fair Claims Practices Regulations. Autosource has been used successfully to process valuations in California for more than 25 years, providing clients with statistically valid and locally sensitive fair market values. Autosource and Autosource Plus valuations include state-specific enhancements and a new California specific valuation format. Autosource inputs more than 7 million vehicle records into its California database annually and over 100 million nationwide. There are more than 600 California specific data sources encompassing direct electronic dealership feeds and advertisements gleaned from additional sources including newspapers, automotive trade journals and Internet websites.
“We are constantly looking for opportunities to develop solutions that help improve claims processing through discussions with our customers," said Brian Grainger, Director of Product Management for Autosource. "Autosource Plus is a perfect example of this process. With Autosource Plus, we make it easier for our customers to explain everything about the process to their customers, the vehicle owners, which facilitates a better and quicker settlement.”
About Audatex
Audatex is the leading global claims solutions provider serving the automotive industry. Active today across six continents, Audatex provides world-class claims solutions that help customers automate their processes; managing millions of claims each year efficiently and effectively, and resolving billions in claims settlements. Beyond a leading presence in automotive claims, our growing footprint also extends into the property, automotive related financial services and medical claims solutions markets. As part of the Solera group of companies, Audatex, Sidexa, Informex, ABZ, Hollander and IMS draw on unique global experience to develop and deliver the latest technologies, market intelligence and best practices on a local level. For more information, please refer to the Company's website at www.audatex.us.