Reynolds and Reynolds Introduces New Financial Reporting Tool for Dealerships
11 Februar 2006 - 2:00PM
PR Newswire (US)
Onscreen Financial Statements Provide On-Demand Updates Giving
Dealers a Snapshot of Financial Performance. ORLANDO, Fla., Feb. 11
/PRNewswire/ -- National Automobile Dealers Association Convention
and Exposition, February 11, 2006 -- The Reynolds and Reynolds
Company (NYSE:REY), a leading provider of software and services to
the automotive retailing industry, added a new financial analysis
tool to the Reynolds dealer management system. The Onscreen
Financial Statement provides on-demand financial information for
managers making decisions about sales, expenses and inventories.
The enhancement, which is available at no charge to Reynolds System
users, provides dealers with an electronic view of financial data
in 22 familiar manufacturer statement formats. The statements are
"clickable" enabling users to drill through for additional general
ledger detail. Dealers can also leverage this enhancement for
consolidated or enterprise-wide views. The new capability helps
dealers save time, paper and money. With a few clicks, they can
access and review operational performance at any time. No more
waiting for the month-end reports. Dealers can identify and target
weak areas and rising costs before they escalate into larger
issues. "The Onscreen Financial Statement converts data into useful
and actionable business information," said Scott Collins, vice
president of Marketing at Reynolds and Reynolds. "Managers can
identify and assess vulnerable areas for one or all of their
stores. It helps them to keep pace with daily business activities
and mitigate negative month-end impacts." The Onscreen Financial
Statements can be accessed remotely and easily emailed to other
managers, staff or accountants, keeping everyone updated. Reynolds'
successful pilot of the enhancement during the past year included
several of its top 100 customers and enterprise groups. Jerry
Crawford, controller, Thrifty Car Sales, found the tool to increase
efficiencies throughout his organization. "The statement is easy to
read and in a uniform format," Crawford said. "It contains all the
essential information to manage a car business. Our dealers are
able to produce this report and e-mail to our central office in an
Excel file, or they can allow us to extract the report for them.
This is a big time savings feature." About Reynolds Reynolds and
Reynolds (http://www.reyrey.com/) helps automobile dealers sell
cars and take care of customers. Serving dealers since 1927, it is
the leading provider of dealer management systems in the U.S. and
Canada. The company's award-winning product, service and training
solutions include a full range of retail Web and Customer
Relationship Management solutions, e-learning and consulting
services, documents, data management and integration, networking
and support and leasing services. Reynolds serves automotive
retailers and OEMs globally through its incadea solution and a
worldwide partner network, as well as through its consulting
practice. DATASOURCE: The Reynolds and Reynolds Company CONTACT:
Michelle Zendah of The Reynolds and Reynolds Company,
+1-937-485-8499, Web site: http://www.reyrey.com/
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