ADP LIGHTSPEED today announced its plans to post on its website four articles focusing on common cash management mistakes dealers make at the department level. Each article will focus on a different department and will use data collected from ADP Lightspeed’s network of roughly 3,000 dealers. Each also will be followed with a webinar demonstrating the tools in Lightspeed mentioned in the article.
“If our dealer customers are not successful, we will not be successful,” Laurn Rice, GM of ADP Lightspeed, said in a news release. “We are facing serious economic news that affects us all. Through our visibility in the market we have access to information that we feel can help dealers find hidden cash in their parts department, sales processes, service operations and more. Right now dealers need every dollar of their business to be working for them. These articles are one way we want to help.”
The articles are written by industry expert Hal Ethington and will be posted at www.adplightspeed.com/findhiddencash. Each month from July 2009 to October 2009, ADP Lightspeed will post a new article that will review specific information on how to maximize profit in a dealership’s parts, service, sales and customer relationship management operations. The first article is slated for July 15. Dealers can sign up so that they receive an e-mail each time an article is posted.
“We’re not saying we can solve the economic woes of our industry,” Ethington reportedly said, ”but we do have important and unique information that could help our dealers secure some extra cash flow during these difficult times. If dealers look to the numbers and facts we will provide, it will help their dealerships run at peak performance at a difficult time for the entire industry.”