Warning Signs That You Might Have a Cash Flow Management Problem

Warning Signs That You Might Have a Cash Flow Management Problem

There’s never been a time when it was more critical than today for dealers to take advantage of every opportunity technology offers to run leaner and smarter. 

At Avanto, we’ve seen firsthand both the impact effective use of technology can have on the bottom line and the potentially very significant downsides of failing to automate repetitive, low-value processes and procedures. 

One area of dealer operations that truly cries out for focused, aggressive technology deployment is cash flow management. 

There are several very obvious signs that you might not be managing your cash flow as well as you could be. 

For example, if you’re constantly up against the limit of your line of credit and worried about issues as basic as making payroll, the time for action is probably long overdue. 

Likewise, if your 90-days outstanding invoices represent more than 5% of your overall receivables or if you’re not taking all your earned manufacture discounts.

But even if your dealership is free from issues like these, there will still be opportunities to improve. That’s where we come in.

At Avanto, you’ll find the tools and the expertise to free up valuable time that your people can spend on higher value activities. We can also provide technical training and career development opportunities that can help strengthen morale and generate a more cohesive team spirit in these challenging times.

Implementation of accounts payable automation also brings greater visibility into true product costs, a key resource in the fight against margin erosion. At the same time, errors can be identified far earlier in the quote-to-order cycle, so that they can either be avoided entirely or addressed before negatively impacting the bottom line.

Putting it bluntly, if you’re still managing your cash flow the same way you did three years ago, you’re not only leaving money on the table but also ultimately putting your dealership at a significant competitive disadvantage.

Want to find out more? Contact Avanto’s Matt Danyliw (PH: 860-400-6030; Email: mdanyliw@goavanto.com) or visit www.goavanto.com.

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We work with many different industries, helping them navigate the digital transformation process. Reach out to us and see how Avanto can save your company time and money.

Testimonials

See what our otherclients have to say about Avanto

Successful Implementation & Programming

Avanto successfully helped Atmosphere Commercial Interiors by implementing and programming the software to process our vendor invoices. Contract furniture vendor invoices are complex with all the rules needed for freight, Tariff, tax, etc. Matt & Dan were able to work through all complex issues and provide a complete accurate product.

Atmosphere – Steelcase Dealership

Hedberg

Go Avanto
2020-07-13T15:43:56+00:00

Atmosphere – Steelcase Dealership

Hedberg

Avanto successfully helped Atmosphere Commercial Interiors by implementing and programming the software to process our vendor invoices. Contract furniture vendor invoices are complex with all the rules needed for freight, Tariff, tax, etc. Matt & Dan were able to work through all complex issues and provide a complete accurate product.

World Class Service

With Avanto’s industry expertise, back office processing experts and automation solutions we have dramatically reduced the time, effort and cost of processing the numerous transactions required to deliver world class service to our clients.

Mehmet Bakkaloglu, MSAT

CFO, Khameleon User

Go Avanto
2020-07-13T15:33:02+00:00

Mehmet Bakkaloglu, MSAT

CFO, Khameleon User

With Avanto’s industry expertise, back office processing experts and automation solutions we have dramatically reduced the time, effort and cost of processing the numerous transactions required to deliver world class service to our clients.

A True Partner

Avanto has been a true partner by every definition of the word to Pivot since the outset of doing business with them two years ago. Avanto’s deep understanding of the subtle nuances associated with running a successful furniture dealership combined with Avanto’s connections with automation industry leaders brings a competitive edge to their solutions offering unmatched by any RPA vendor in the marketplace.

Pivot – MillerKnoll Dealership

D365

Go Avanto
2021-08-06T13:49:28+00:00

Pivot – MillerKnoll Dealership

D365

Avanto has been a true partner by every definition of the word to Pivot since the outset of doing business with them two years ago. Avanto’s deep understanding of the subtle nuances associated with running a successful furniture dealership combined with Avanto’s connections with automation industry leaders brings a competitive edge to their solutions offering unmatched by any RPA vendor in the marketplace.

Responsive & Understanding

They are responsive, very understanding of our processes, and willing to work through the new invoice issues as they arise.

Jill Carlson, Senior Business Systems Analysis

Atmosphere Commercial Interiors

Go Avanto
2020-07-13T15:46:18+00:00

Jill Carlson, Senior Business Systems Analysis

Atmosphere Commercial Interiors

They are responsive, very understanding of our processes, and willing to work through the new invoice issues as they arise.
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