KANSAS CITY, Mo. — NCM Associates announced the launch of NCM LiveAudit, a cloud-based application that works with dealership management systems to provide a new way to control a dealership’s cash flow.
According to the company, the application uses a complex algorithm to analyze current monthly spending against self-defined goals or dealership averages based on NCM benchmark data. The software then tracks and monitors spending to ensure transparency, accuracy and a reduced risk of fraud and financial mismanagement.
“As well know, profit margins in retail automotive are notoriously slim,” said Frank Sheets, CEO of Intelligent dealer. “Monitoring outgoing payments always has been important, but too difficult to do efficiently. We’re pleased to address that limitation with NCM LiveAudit.”
LiveAudit, developed by Intelligent Dealer, collects historical data and learns more about a dealership while improving how it analyzes spending. The application notifies dealers of upcoming contract renewals and stores associate pay plans to ensure compensation is aligned with a dealership’s objectives, according to the company.
“NCM is proud to partner with Intelligent Dealer to introduce another auto-industry game changer,” said Paull A. Faletti, Jr., president and CEO of NCM Associates. “Between NCM axcessa, and now with LiveAudit, the quality of information available to dealers is unprecedented.”
NCM will have demonstrations of LiveAudit at the upcoming 2016 National Auto Dealers Association Convention & Expo.