July 02, 2009
ADP Lightspeed Provides Insight on Finding ‘Hidden Cash’
SALT LAKE CITY — ADP Lightspeed, a provider of dealer
management solutions and industry data for powersports dealerships,
announced its new initiative to help dealers increase liquidity by identifying and
recovering cash from frozen dealership assets.
Using data collected from the company’s network of thousands
of dealers, the company will publish four department-specific articles that
focus on common cash management mistakes made at the department level.
“If our dealer customers are not successful, we will not be
successful,” stated Laurn Rice, general manager of ADP Lightspeed. “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 available on the Website www.adplightspeed.com/findhiddencash. Each
month from July to October 2009 ADP Lightspeed will post a new article which
will review specific information on how to maximize profit in a dealership’s
parts, service, sales and customer relationship management (CRM) operations.
“We’re not saying we can solve the economic woes of our
industry, but we do have important and unique information that could help our
dealers secure some extra cash flow during these difficult times,” said
Ethington. “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.”