Integrations

The Zombie Skip-Tracer

by Alex Price

Zombie: A person whose behavior or responses are wooden, automated, lacking will or creativity…

The definition of a Zombie Skip-Tracer is the person in your office who logs on to their favorite data source and clicks just to click, robotically starting with the Holy Grail search of the SSN. It seems logical: start with the magical piece of information—a Social Security Number. So that should unlock all of the information needed, right? Wrong: This practice is draining your bank account and causing you to waste valuable time and resources in the office and out in the field.

Collections Made Easier Through GPS Technology

It is one of the toughest truths of the buy here pay here and auto financing industries: Delinquency rates are often quite high, and, for many dealers, the collections process is more than a little laborious. Far too many auto financers and BHPH dealers have watched as their assets are driven off the lot, never to be seen from again—and never to be fully paid for!

Buy Here Pay Anywhere: AutoStar and PayNearMe Partner to Simplify BHPH Cash Collections

The foundation of any successful Buy Here Pay Here operation is its ability to consistently collect payments. Perhaps no other activity or dealership operation has more of an impact on your financials and cash flow. Fortunately, one of the most effective ways to improve the collections process is also one of the easiest: simply provide your customers with the most convenient payment options available. For customers paying via ACH or credit card, existing options are straight forward, but what about customers that either do not have a bank account or simply prefer to pay with cash? Unfortunately, traditional methods are not only expensive and inconvenient, but they also present numerous operational headaches for you.

The Gift that Keeps Giving

Keep Tax Season Profit Alive Year-Round

Kelvin Tse | PayNearMe

With each new year comes another tax season full of potential new business and profits. This is the only time of the year that you can count on customers to walk onto your lot with money in their pockets and the means to finally get that vehicle that they’ve been eying. It’s also your best chance to capture a decent down payment and move a significant amount of inventory. While all of this makes it very easy to get excited about this busy season, you can’t afford to let the short term gains of large down payments distract you from the bigger picture. Attracting new business and capturing that large down payment is only the beginning. The true key to getting the most from the tax season is to implement a plan that enables you to continue collecting payments throughout the year.

Tax Season is Here Already?

David Keller | CliftonLarsonAllen

There are a few things you need to have completed before tax season starts. First of all, you should have the prior year-end accounting closed out. You should have printed all of your required AutoStar reports to PDF and/or Excel and archived them to use for reconciliation of your general ledger accounts. You also should make sure you have reconciled your general ledger accounts at year-end to your AutoStar reports and other documentation so you have correct balances going into the new year. You won’t have as much time to do this once you start tax season and you also will want to see how you are doing financially as soon as possible after each month ends.