November 30, 2009
ADP Lightspeed Expands “Hidden Cash” Training Series
SALT LAKE CITY — ADP Lightspeed, a provider of dealer management solutions, plans to add two additional studies to its dealer performance series, “Find Hidden Cash.”
Since launching the program in July 2009, thousands of dealers have attended Webinars and read the associated white papers available from ADP Lightspeed.
Due to the popularity of the studies, ADP Lightspeed decided to add two more areas for the “Find Hidden Cash” series: Accounting and How Dealers are Succeeding. Information on these upcoming studies will be posted, along with the four previous studies, to the “Find Hidden Cash” dedicated section of the company’s Website, www.adplightspeed.com.
“The information has been fantastic,” said Hugh Wainman-Wood, controller at SG Power Products. “The common sense tactics, backed by solid industry statistics, have changed the way we do business in our dealership. Every Webinar gives me the opportunity to get my managers together to talk about what we can do better. For someone not currently on their system, I view the information as another arrow in the quiver for ADP Lightspeed. I can hardly wait for the next one.”
ADP Lightspeed used its data collection and the knowledge of 30-year industry expert Hal Ethington to provide industry statistics to help dealers capitalize on commonly missed cash flow opportunities. The four studies, which focused on parts, service, sales and marketing, were made available to the entire industry, to help dealers overcome economic obstacles.
“We saw that the information we had accumulated was valuable for the entire industry no matter what dealer management solutions provider they were using,” said Ethington, senior analyst for ADP Lightspeed. “This is an important time in our industry. We wanted to help make dealers stronger and saw this as one way we could.”