Overland Park, Kan., Jan. 13, 2015 — NCM Associates (www.ncm20.com), a 100% employee-owned company and pioneer in the 20 Group peer collaboration model, provider of automotive retail consulting, management training and operations Benchmark® analysis, today announced it will introduce NADA attendees to another first-and-only-of- its-kind data management tool called LiveAudit™, a cloud-based application that works seamlessly with a dealership accounting system to ensure accuracy and lessen the chance of fraud and financial mismanagement in every department.
LiveAudit will alert dealers of any anomalies, collect historical data and offer ways to analyze expenses, including an invaluable comparison to the performance of other dealers of the same brand from the NCM Benchmark® database. LiveAudit will also notify dealers of upcoming contract renewals so they don’t unknowingly get stuck for another year – or longer, with an unwanted vendor. Additionally, LiveAudit stores associate pay plans to ensure compensation is aligned with dealership objectives.
“One of the biggest frustrations any dealership has is the ability to quickly and efficiently get their hands on the data they want, when they want it in order to make informed decisions and avoid the risks of inaccurate or incomplete data,” said Paul A. Faletti Jr., President and CEO of NCM Associates. “We, in partnership with Intelligent Dealer, are proud to once again lead the data management charge and bring LiveAudit to meet our clients’ needs and alleviate those frustrations. With LiveAudit, we’re giving our clients some peace of mind knowing exactly where their hard-earned dollars are going.”
Once the dealership’s management system is connected to the LiveAudit platform, the system acts like a digital auditor, using the system’s payment history, vendor records and active contracts to monitor and alert the dealer to anomalies.
NCM will demonstrate LiveAudit, along with its other core products and services, at NADA Booth 4422N.
About NCM® Associates, Inc.
NCM Associates, Inc. is the originator of the automotive industry 20 Group peer collaboration process and has been providing dealership Benchmark analytical data, education and consulting services to the industry since 1947. Located in Overland Park, Kan., NCM provides a robust suite of services designed to drive dealership profitability using its proven, operations-focused Benchmark® for Success program with new and pre-owned U.S. automotive dealerships, as well as with businesses in more than 20 other industries. NCM is proud to be 100% employee-owned. For more information, visit www.ncm20.com or call 800.756.2620.