In working with and listening to thousands of executives across North America, NCM Associates has identified a recurring theme: dealers are selling more but making less. For such clients, we suggest taking a long, hard look at the likely culprit—expenses.
The only online automotive software available today designed to track your payables, LiveAudit is the ultimate web-based expense management system that offers complete visibility of your dealership cash flow, thereby reducing potentially fraudulent activity. LiveAudit monitors bills, payments, and expense requests, all while learning from your dealership's spending trends. If it notes an anomaly, such as a payment that exceeds the norm, LiveAudit immediately sends you an alert. Are vendor contracts renewing without your knowledge? LiveAudit will notify you of vendor contract termination dates so you can stop the cycle of unwanted renewals. Are your pay plans in line with industry benchmarks? Use our tool to track them and make any necessary adjustments.
With LiveAudit as a key driver of your expense management strategy, you and your team can work toward a culture of transparency where the entire management staff, not just the controller, is held accountable for financial metrics and overall dealership success.
LiveAudit helps protect your profit margins and gives you the most precious commodity of all: peace of mind.