ADP Lightspeed’s new “Find Hidden Cash” white papers are designed to help powersports dealers increase liquidity by identifying and recovering cash from frozen dealership assets, according to a release from the company.
Using data from the company’s network of thousands of dealers, ADP will publish four department-specific articles that focus on common cash management mistakes made at the department level.
“If our dealer customers are not successful, we will not be successful,” Laurn Rice, ADP general manager, said in the release. “We are facing serious economic news that affects us all. Through our visibility in the market we have access to information that we feel can help dealers find hidden cash in their parts department, sales processes, service operations and more.”
Each month from July to October, senior industry expert Hal Ethington will post the articles at adplightspeed.com/findhiddencash. The first article will be available July 15.
“We’re not saying we can solve the economic woes of our industry,” Ethington said in the release, “but we do have important and unique information that could help our dealers secure some extra cash flow during these difficult times. If dealers look to the numbers and facts we will provide it will help their dealerships run at peak performance at a difficult time for the entire industry.”