{"id":711,"date":"2015-01-13T08:00:09","date_gmt":"2015-01-13T14:00:09","guid":{"rendered":"http:\/\/efgintelligence.com\/dealershipcorridor\/?p=711"},"modified":"2016-01-21T16:00:18","modified_gmt":"2016-01-21T22:00:18","slug":"efg-companies-receives-top-client-satisfaction-recognition-national-research-study","status":"publish","type":"post","link":"https:\/\/efgintelligence.com\/dealershipcorridor\/efg-companies-receives-top-client-satisfaction-recognition-national-research-study\/","title":{"rendered":"EFG Companies Receives Top Client Satisfaction Recognition in National Research Study"},"content":{"rendered":"<h3 align=\"center\"><i>&#8211; 92 Percent of Dealer Clients Would Proactively Recommend EFG &#8211;<\/i><\/h3>\n<p><b><a title=\"EFG Companies\" href=\"http:\/\/www.efgcompanies.com\" target=\"_blank\">EFG Companies<\/a>, the innovator behind the award-winning Hyundai Assurance program, today released the results of its most recent dealer services client satisfaction study, in which EFG\u2019s net promoter score ranked higher than Apple iPhone, Southwest Airlines, USAA Banking and Insurance, and Nordstrom. <\/b><\/p>\n<p>Among the key findings, dealers rated the account representative, compliance oversight, and F&amp;I training as the highest priority capabilities of F&amp;I providers. On a scale of one to ten, where ten is the highest for attributes in a given area, dealers ranked EFG as:<\/p>\n<ul>\n<li id=\"level1\"><b>9.4<\/b><span class=\"black\"> for account representative;<\/span><\/li>\n<li id=\"level1\"><b>9.3<\/b><span class=\"black\"> for compliance;<\/span><\/li>\n<li id=\"level1\"><b>9.2<\/b><span class=\"black\"> for F&amp;I training; and,<\/span><\/li>\n<li id=\"level1\"><b>92 percent<\/b><span class=\"black\"> likelihood to recommend.<\/span><\/li>\n<\/ul>\n<p>  <!--more--><br \/>\n<strong>\u201cAt EFG, we are obsessive about performance measurement and accountability,\u201d<\/strong> said John Pappanastos, President and CEO, EFG Companies. \u201cSoliciting direct, objective input through a national client satisfaction survey augments the ongoing measurement of our effectiveness against the commitments we make to our partners. \u00a0Our partners&#8217; feedback is an invaluable driver in the evolution of our business, and they seized the opportunity to also identify areas of their business where we have not traditionally engaged, but where they believe our engagement could meaningfully impact their business performance.&#8221;<\/p>\n<p><strong>Research study participants noted the high quality and depth of EFG\u2019s account service team as one of the company\u2019s greatest strengths, describing their service as an extension of the dealership\u2019s management team.<\/strong> EFG\u2019s clients found the company\u2019s expert knowledge regarding government regulations and industry trends highly beneficial to their business, as well as EFG\u2019s proactivity in offering new ideas and recommendations:<\/p>\n<ul>\n<li id=\"level1\"><b>97 percent<\/b><span class=\"black\"> of EFG\u2019s clients stated that EFG representatives are F&amp;I education and compliance leaders.<\/span><\/li>\n<li id=\"level1\"><b>98 percent <\/b><span class=\"black\">of clients regarded EFG overall as an expert of the F&amp;I landscape.<\/span><\/li>\n<li id=\"level1\"><b>95 percent<\/b><span class=\"black\"> believed that EFG has expert knowledge about government regulations and economic trends that affect their business.<\/span><\/li>\n<li id=\"level1\"><b>95 percent<\/b><span class=\"black\"> of dealers stated that EFG understands the performance drivers of their F&amp;I organization.<\/span><\/li>\n<\/ul>\n<p>Troubadour Research and Consulting, who conducts national research with brands such as Kaiser Permanente, Toyota, and Samsung Mobile, administered EFG\u2019s client satisfaction study, analyzing qualitative metrics from dealer principals and quantitative metrics from general managers and F&amp;I directors.<\/p>\n<p><strong>\u201cThe results of the study weren\u2019t just excellent, they were aspirational,\u201d said Dale Gilliam, CEO, Troubadour Research and Consulting. \u201cIt\u2019s our goal to be the EFG of the research industry.\u201d<\/strong><\/p>\n<p>In the qualitative analysis, recurring comments from dealer principals said the following about EFG:<\/p>\n<p align=\"right\"><span style=\"color: #00549f;\"><b>\u201cThe onsite training is invaluable. Our account rep is training the entire time he\u2019s here, every time.\u201d<\/b><\/span><\/p>\n<p><span style=\"color: #69be28;\"><b>\u201cEFG is proactive and ahead of the curve on compliance compared to most F&amp;I providers.\u201d<\/b><\/span><\/p>\n<p align=\"right\"><span style=\"color: #00549f;\"><b>\u201cUltimately, we have great F&amp;I numbers and I attribute that largely to EFG.\u201d<\/b><\/span><b><\/b><\/p>\n<p>EFG has striven for close to 40 years to set an example and raise the bar in servicing its clients. Earlier this year, EFG announced their <a title=\"EFG Announces Number One National Ranking\" href=\"http:\/\/www.efgcompanies.com\/media\/60265\/autonews_ranking_release_for_web.pdf\" target=\"_blank\">number one national ranking<\/a> when <i>Automotive News<\/i> listed EFG\u2019s client, Bob Moore Auto Group, as the national leader of F&amp;I revenue per retail unit among the top 125 U.S. auto groups.<\/p>\n<p>\u201cEFG\u2019s objective, professional counsel has enabled us to evolve and strengthen our business processes with innovative solutions and products,\u201d said Curtis Hayes, Chief Financial Officer, Bob Moore Auto Group.<strong> \u201cTheir engagement model is not replicable by any other product provider.\u201d<\/strong><\/p>\n<p>Additionally, EFG is the only product provider of size whose dealer services field team is <a title=\"EFG First Product Provider to AFIP Certify Entire Field Services Team\" href=\"http:\/\/www.efgcompanies.com\/media\/52634\/afip_press_release_final_for_web.pdf\" target=\"_blank\">100% AFIP certified<\/a>, as well as the only administrator to be certified as a <a title=\"EFG Companies First F&amp;I Product Provider to be Certified as a Center of Excellence by BenchmarkPortal\" href=\"http:\/\/www.efgcompanies.com\/media\/63261\/benchmark_portal_press_release_final.pdf\" target=\"_blank\">Center of Excellence<\/a> by Benchmark Portal \u2013 a customer service designation that less than 10% of companies achieve.\u00a0 In 2014, EFG was also the only product provider awarded the <a title=\"National ASE Institute Awards EFG Companies Blue Seal of Excellence\" href=\"http:\/\/www.efgcompanies.com\/media\/55989\/ase_press_release_final_for_web.pdf\" target=\"_blank\">Automotive Service Excellence<\/a> (ASE) Blue Seal of Excellence, with EFG\u2019s claims adjusters averaging 15 years of experience.<\/p>\n<p><span style=\"font-size: 8px;\">* Net Promoter Score (NPS) is a metric based on one question \u2013 How likely would you be to recommend [Company] to a friend or colleague. Customers respond on a 0 or 1 to 10 point scale and are categorized as follows:<\/span><\/p>\n<ul>\n<li id=\"level1\"><span class=\"black\" style=\"font-size: 8px;\">Promoters (scores 9-10) are loyal enthusiasts who will keep buying and refer others, fueling growth<\/span><\/li>\n<li id=\"level1\"><span class=\"black\" style=\"font-size: 8px;\">Passives (scores 7-8) are satisfied but unenthusiastic customers who are vulnerable to competitive offerings<\/span><\/li>\n<li id=\"level1\"><span class=\"black\" style=\"font-size: 8px;\">Detractors (scores 0\/1-6) are unhappy customers who can damage your brand and impede growth through negative word of mouth<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 8px;\">The top 10 NPS leaders as measured in Satmetric 2013 Net Promoter Industry Benchmark research include:<\/span><\/p>\n<ol>\n<li style=\"font-size: 8px;\">USAA \u2013 Insurance =80%<\/li>\n<li style=\"font-size: 8px;\">USAA \u2013 Banking = 78%<\/li>\n<li style=\"font-size: 8px;\">Costco = 78%<\/li>\n<li style=\"font-size: 8px;\">Apple \u2013 Laptop = 75%<\/li>\n<li style=\"font-size: 8px;\">Dillards = 75%<\/li>\n<li style=\"font-size: 8px;\">Nordstrom = 75%<\/li>\n<li style=\"font-size: 8px;\">Apple \u2013 iPhone = 70%<\/li>\n<li style=\"font-size: 8px;\">Amazon = 69%<\/li>\n<li style=\"font-size: 8px;\">Southwest Airlines = 66%<\/li>\n<li style=\"font-size: 8px;\">Apple \u2013 iPad = 65%<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>&#8211; 92 Percent of Dealer Clients Would Proactively Recommend EFG &#8211; EFG Companies, the innovator behind the award-winning Hyundai Assurance program, today released the results of its most recent dealer [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":721,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[2,164],"tags":[155,189,205,214,183,213,313],"class_list":["post-711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-efg-companies","category-featured","tag-afip","tag-automotive-news","tag-automotive-service-excellence","tag-benchmark-portal","tag-bob-moore-auto-group","tag-client-satisfaction","tag-efg-companies"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/efgintelligence.com\/dealershipcorridor\/wp-content\/uploads\/sites\/2\/2015\/01\/Client-Sat-Release.jpg?fit=756%2C250&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7hsqu-bt","jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/comments?post=711"}],"version-history":[{"count":10,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/711\/revisions"}],"predecessor-version":[{"id":990,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/711\/revisions\/990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/media\/721"}],"wp:attachment":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/media?parent=711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/categories?post=711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/tags?post=711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}