VRS Tools
For collision repairers, your subscription to the Variable Rate System (VRS) includes 24x7 online access to a complete set of business tools designed to improve your understanding of competitive prices in your market, to locate and compare shops like yours in your area, to calculate the right labor rates for your individual shop, and to help you get paid for more not-included procedures.
1) Market Survey - The most advanced labor rate search tool available. With just a few clicks, this function within the VRS quickly provides you with the range of competitive labor rates in your area (not just one rate for all shops), based on several factors such as a shop's location, training, certifications, and investment in equipment and technology.
2) Shop Locator - Based on the search criteria you select--such as location, training, certifications, equipment--the Shop Locator shows a list of the company names, addresses, and phone numbers of all shops that have entered their labor rates in the VRS. This gives VRS subscribers competitive intelligence not available to others in the marketplace.
3) Cost of Living Adjustment (COLA) Calculator - What rate did insurers pay you 15 years ago in the year 2000? Based only on increases in inflation, what should that rate be today? The VRS COLA Calculator answers that question in an instant, giving you an immediate understanding of whether your pricing and payments from insurers are keeping up with inflation or falling behind and lowering your standard of living. Also learn how much money your shop has left on the table by not keeping up with inflation. The results may shock you!
4) Cost of Doing Business Calculator - Currently provided as an offline service by NABR for VRS subscribers, the Cost of Doing Business Calculator helps shops better understand their cost structure, from a monthly, weekly, daily, and even hourly view. With the flexibility to use your financial statements from the last 3, 6, 9, or 12 months, this calculator is used in conjunction with the Labor Rate calculator to help you compute the right labor rates for your individual shop.
5) Labor Rate & Profit Calculator - What's the right labor rate for your shop to charge in order to achieve a 20% operating profit? If your expenses increase 5% year over year, what new labor rate do you need to maintain your profit levels? The VRS Labor Rate & Profit Calculator helps answer these questions and many more, fast. We've done all the math and built an easy-to-use online tool, so you can focus on running the best shop possible. No more guessing at labor rates, no more working through other confusing and complicated labor rate calculators, and no need to pay your accountant to build more spreadsheets. Just plug in the basic financial and operations numbers we ask, and let the calculator do the rest. The result: learn the right labor rates to charge for your individual shop, based on your own company's cost of doing business and profit goals.
6) Procedures Document Search (NEW!) - Find copies of actual documents from other shops nationwide, showing that they were paid for various not-included procedures. Documents may include shop estimates and supplements, insurer estimates and supplements including insurer claim numbers, final invoices, and checks. Now, when an insurer says to you, "We don't pay for that," you will be able to produce documented evidence that yes, they do!
Get 24x7 anytime access to these VRS tools for the introductory price of only $99 per month (regularly $149) and get on your way to charging higher labor rates and earning the profits you deserve. Subscribe now.
1) Market Survey - The most advanced labor rate search tool available. With just a few clicks, this function within the VRS quickly provides you with the range of competitive labor rates in your area (not just one rate for all shops), based on several factors such as a shop's location, training, certifications, and investment in equipment and technology.
2) Shop Locator - Based on the search criteria you select--such as location, training, certifications, equipment--the Shop Locator shows a list of the company names, addresses, and phone numbers of all shops that have entered their labor rates in the VRS. This gives VRS subscribers competitive intelligence not available to others in the marketplace.
3) Cost of Living Adjustment (COLA) Calculator - What rate did insurers pay you 15 years ago in the year 2000? Based only on increases in inflation, what should that rate be today? The VRS COLA Calculator answers that question in an instant, giving you an immediate understanding of whether your pricing and payments from insurers are keeping up with inflation or falling behind and lowering your standard of living. Also learn how much money your shop has left on the table by not keeping up with inflation. The results may shock you!
4) Cost of Doing Business Calculator - Currently provided as an offline service by NABR for VRS subscribers, the Cost of Doing Business Calculator helps shops better understand their cost structure, from a monthly, weekly, daily, and even hourly view. With the flexibility to use your financial statements from the last 3, 6, 9, or 12 months, this calculator is used in conjunction with the Labor Rate calculator to help you compute the right labor rates for your individual shop.
5) Labor Rate & Profit Calculator - What's the right labor rate for your shop to charge in order to achieve a 20% operating profit? If your expenses increase 5% year over year, what new labor rate do you need to maintain your profit levels? The VRS Labor Rate & Profit Calculator helps answer these questions and many more, fast. We've done all the math and built an easy-to-use online tool, so you can focus on running the best shop possible. No more guessing at labor rates, no more working through other confusing and complicated labor rate calculators, and no need to pay your accountant to build more spreadsheets. Just plug in the basic financial and operations numbers we ask, and let the calculator do the rest. The result: learn the right labor rates to charge for your individual shop, based on your own company's cost of doing business and profit goals.
6) Procedures Document Search (NEW!) - Find copies of actual documents from other shops nationwide, showing that they were paid for various not-included procedures. Documents may include shop estimates and supplements, insurer estimates and supplements including insurer claim numbers, final invoices, and checks. Now, when an insurer says to you, "We don't pay for that," you will be able to produce documented evidence that yes, they do!
Get 24x7 anytime access to these VRS tools for the introductory price of only $99 per month (regularly $149) and get on your way to charging higher labor rates and earning the profits you deserve. Subscribe now.
