April 25, 2018 9:54 AM ET

Software

Company Overview of The Reynolds and Reynolds Company

Company Overview

The Reynolds and Reynolds Company provides automobile dealership software, business forms and supplies, and professional services for car dealers and automakers in the United States, Canada, the United Kingdom, and Europe. It offers dealership management solutions, such as ERA-IGNITE, a Windows based system that allows to access various reporting needs from one application; LAW Idaho F&I Library and LAW South Carolina F&I Library, which are standardized legally reviewed finance and insurance documents for the franchised new vehicle dealers throughout Idaho and South Carolina; Power, a dealership solution; dealership management system (DMS), a business management software that enables dealers...

One Reynolds Way

Kettering, OH 45430

United States

Founded in 1866

Phone:

937-485-2000

Fax:

866-268-5407

Key Executives for The Reynolds and Reynolds Company

Founder, Chairman and Chief Executive Officer
Assistant General Counsel and Director of Corporate Ethics & Compliance
Executive Vice President
Senior Vice President of Software Support
Senior Vice President and General Manager of Document Services
Compensation as of Fiscal Year 2017.

The Reynolds and Reynolds Company Key Developments

Car Dealers File Suit Against CDK Global, LLC and The Reynolds and Reynolds Company

Car dealer launched nationwide suit accusing CDK Global, LLC (CDK) and The Reynolds and Reynolds Company (Reynolds) of federal and state antitrust violations, and seeking damages and injunctive relief for a class of automobile dealers. The complaint was filed on October 19, 2017, in the United States District Court for the District of New Jersey, and alleges that defendants engaged in a conspiracy allocating market share, reducing competition, and fixing, raising, maintaining and/or stabilizing prices in the market for the provision of data management systems ("DMS") to the retail automotive industry and in the related subsidiary market for the provision of services for extracting, formatting, integrating, and organizing the data housed on the DMS. Defendants dominate the DMS industry, and control approximately 75% of the United States market for the supply of DMS by number of dealers, and approximately 90% when measured by vehicles sold. The complaint alleges a conspiracy between CDK and Reynolds consisting of a continuing agreement, understanding or concerted action to eliminate competition in the DMS market and the data integration services market. According to the complaint, by seizing control over access to dealer data, CDK and Reynolds have been able to impose massive price increases for their data integration services and obtain monopoly profits. Defendants' conduct is alleged to violate several provisions of the federal Sherman Antitrust Act, and the New Jersey Antitrust Act on behalf of a nationwide class of dealers and a New Jersey dealer class, respectively.

Caffyns PLC Installs Contact Advantage at 12 of Their Sites Across Sussex and Kent

The Reynolds and Reynolds Company announced that Caffyns PLC has recently installed Contact Advantage at 12 of their sites across Sussex and Kent. Contact Advantage software enables dealerships and manufacturers to capture and synchronise more of their customer data and streamline more of their communications in the vehicle purchase process. By installing Contact Advantage in their dealerships, Caffyns will enjoy integration between their CRM Showroom system and the POWER Dealership Management System (DMS), creating a seamless experience from prospecting to lead management to closing the sale. With Contact Advantage, dealers have a single point of data entry that results in real-time, accurate reporting information for management, and can enjoy complete transparency throughout the sales process to better manage leads, enquiries, and follow-ups. In addition, Contact Advantage offers a suite of mobile applications enabling dealerships to take their customers through the entire sales process including model selection, colour and specification configuration, pricing and order forms all in one simple-to-use interactive process. It is also an iPad based application that allows sales people increased mobility.

The Reynolds and Reynolds Company Releases New LAW® Rhode Island F&I Library

The Reynolds and Reynolds Company announced the release of the Reynolds LAW®Rhode Island F&I Library, a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for franchised new car and truck dealers in the state of Rhode Island. These documents are used by dealership F&I offices to complete the vehicle sales process with car buyers. The printed documents in the LAW Rhode Island F&I Library also are available in a digital format, which can help facilitate the conversion to laser-printed transactions and e-contracting. Reynolds Document Services maintains licensing agreements with all major providers of electronic F&I (e-F&I) solutions.

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