Autobank
Autobank is an established privately-owned auto finance company in South Florida. The Fort Lauderdale-based company, with approximately 70 employees, is a full-service automobile finance operation that purchases loans from auto dealerships that, in turn, help customers finance the purchase of pre-owned cars and light trucks. Many of these customers have limited or poor credit histories. Since 1996, Autobank is responsible for extending hundreds of million of dollars in loans to dealerships.
Challenge:
South Florida needed a more efficient accounting system that would improve the way it tracks and monitors receivables from auto dealerships, protecting against lost revenues and helping to manage growth.
Solution:
Autobank partnered with ERT Group to implement Microsoft DynamicsTM GP, Microsoft SQL Server, and Microsoft PerformancePoint Server modules, and ERT was chosen to provide ongoing support services.
Benefits:
• Greater accounting efficiency and elimination of revenue losses from poor receivables tracking.
• Autobank saved up to $50,000 per year by automating old manual processes.
• Integrated financial data has helped management become more proactive and improve timely decision-making.
“Through the combination of Microsoft Dynamics GP software and ERT Group, a company like ours with a small IT staff is able to implement a very sophisticated accounting system and get the same competitive benefits that very large corporations have – but at a price that makes sense.”
Wayne Hutnick, Chief Financial Officer,
Autobank
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Autobank is now able to get accurate, timely reporting that can be shared with management and dealers for quicker decision-making
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