Key to any business’s success is strong cash flow as it allows our dealer clients to operate smoothly, efficiently and take advantage of opportunities when they arise. In this edition, we discuss how to improve cash flow.
The Motor Industry Services team help dealer principals and general managers to uncover opportunities to achieve best practice in their dealerships. Our monthly alerts share knowledge and discuss current issues and changes within the motor services sector.
Over the past few months we have been hearing the same comments from dealers and the industry… times are tough! This July 2018 edition of our Motor Industry Services Alert (PDF 459.9KB) outlines the basic cash flow principles and habits that every dealership can follow whether times are good or bad and it is a great time of the year to go back and check if your dealerships are following them.
With end of financial year wrapping up, auditors and accountants are leaving the dealerships with their rubber stamp in hand, now is a good time to reflect on the position of the dealership, not just the results for the last 12 months.