Finding Lost Revenue for Car Dealers

Car Dealership

Results of 1000 Dealer Audits Cash is King, so the saying goes. In the automotive industry, this is especially true as cash flow management is one of the key challenges for dealers with literally millions tied up in vehicle inventory. The automotive industry is a very competitive and fast-paced environment. With tight profit margins, it’s…

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AI: Managing Data, Improving Business Intelligence

AI: Managing Data, Improving Business Intelligence

Artificial intelligence (AI) has become a common household term. We all know about Siri, the intelligent virtual assistant that comes with Apple products’ operating system, but AI is much more than just her. From a business perspective, AI has many uses. From data analysis to automation, AI is rapidly being endorsed by businesses and is…

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Now is the Time to Digitise

digitisation for wholesale funders

The current global context is pushing organisations to make better-informed, faster decisions to survive in a rapidly changing environment. As organisations begin to shift from the recovery phase of COVID-19 to the renewal, many are focused on what comes next and capitalising on the changes made to the business during the height of the crisis. One question…

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5 Simple Ways to Improve Dealership Finances

Ways to Improve Dealership Finances

Dealership finances can be complex and there is a lot to manage. In uncertain times, this is even more important and it’s a challenging time for many but there are some simple things you can do to improve dealership finances. In this article we’re going to share 5 simple ways that dealership CFOs can improve their…

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Dealer Network: Simultaneous Group-wide Audit

When it comes to physical vehicle audits two of the biggest challenges are scale and speed. Audits need to be conducted and concluded quickly to be relevant but the bigger the scale the more challenging the process. We recently conducted a case study with a client that was avoiding conducting network audits as it was…

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What Impact will Artificial Intelligence have on Audits?

We are at an inflection point in the debate about what artificial intelligence (AI) means for industries and professions. With the critical mass of data now enough to feed the AI engine, its early applications are yielding some very interesting results. There are many truths and half-truths out there concerning the impact that AI will…

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What is Inventory Finance?

Consignment A consignment agreement is an arrangement resulting from a contract in which one entity, the consignor, entrusts goods to another, the consignee, for sale. The consignee acts as an agent on behalf of the consignor, a principal in selling the goods and must take reasonable care of them while in his or her possession.…

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CheckVentory allows car dealers to self-audit (SAudit) more accurately

When most people see shiny new cars on a garage forecourt they don’t know that the dealer doesn’t own the cars. A financial institution or the distributor for the brand they represent does,” says Adrian Walsh founder of CheckVentory, an automated stock checking system designed to replace manual inventory control in high value asset sectors…

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Keeping stock pays dividends

  Early career experiences often provide the seedbed of inspiration for future enterprise. In the case of Adrian Walsh, a combination of careers in the information technology and automative industries combined to provide the idea for CheckVentory, a new firm that recently won the 2015 PwC Docklands Innovation Award. While working as MD for one…

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