ADP Lightspeed, a leading provider of computerized dealer management solutions, launched a new initiative to help dealers increase liquidity by identifying and recovering cash from frozen assets.
Using data collected from the company's network of thousands of dealers, ADP will publish four department-specific articles that focus on common cash management mistakes made at the department level.
"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," said Laurn Rice, general manager of ADP Lightspeed, in a statement. "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 to the entire industry through the company's Web site. Each month, from July to October, ADP 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.