As dealerships continue to expand, the complexities of handling processes such as accounts payable, accounts receivable, cash flow, billing and payroll can become challenging and costly. More multi-store dealers are transitioning away from location-specific accounting functions in favor of a centralized service model.
Identify the benefits that a centralized accounting model can offer, including: improved efficiency and accuracy in reporting, strengthened internal controls, appeal to potential buyers in a dealership sale and more. We will also address challenges that groups face during the consolidation process.
Recognize best practices and questions to consider before moving towards a centralized model.