Audatex Announces Autosource Plus


New Product Provides Increased Transparency and Reduces Cycle Time on Total Loss Valuations

SAN RAMON, Calif., Jan. 16 // -- 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, a Solera company, delivers the industry's most comprehensive, integrated suite of applications for claims processing, estimating, shop and yard management, and business analytics for performance management. Our solutions help insurance carriers, collision repair shops, and automotive recyclers automate core business processes, streamline workflow with industry partners, and manage performance. Solera's operating companies employ over 2,200 associates in over 40 countries, and have the world's largest global network of over 50,000 customers. The Solera companies include Audatex in the United States, Canada, and in more than 35 additional international markets, Informex in Belgium, Sidexa in France, ABZ in The Netherlands, and Hollander serving the North American recycling market.

Source: Audatex

CONTACT: Kathy Contreras of Audatex, +1-925-790-7363, or kathy.contreras@audatex.com

Web site: www.audatex.com/

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