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2022 AICPA & CIMA Dealership Conference

AUT22SS03 - FINTECH – A New Age in Digital Payments, presented by Solutios


Oct 27, 2022 7:00am ‐ Oct 27, 2022 7:50am


Standard: $49.00

Description

Will review how digital payments is evolving into today's FINTECH space and how this will impact the franchise automotive dealer.  Case study on title/tag/deal digital reimbursement automation -- dealer group eliminating 100,000+ annual checks saving over $500K in annual expenses -- escheatment compliant!  AP Automation -- learn how to earn to streamline processes and earn rebates.  Fully automated Treasury management and enterprise cash reconciliation.  

Learning Objectives:
  • Identify how to build a dealer collective to drive down merchant rates -- new POS tools and how to deploy remote payments and Customer Present compliant credit card, eCheck and ACH transactions.
  • Use Accounts Payable automation -- migrating from traditional check to digital payment solutions -- ACH, pay forward and VCard.
  • Analyze fleet management for dealer/loaner optimization.
  • Determine how to drive down costs by better fleet utilization and collection of customer fees (e.g., daily rental, mileage overage, fuel, tolls and other misc. expenses). Auto posting and batch reconciliaiton
  • Analyze how to automate payment processes, fully paperless, use of auth to eliminate Card-Not-Present downgrades, full DMS integration to eliminate data entry and streamline batch posting

Speaker(s):

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