ORLANDO, Fla., Feb. 11 /PRNewswire/ -- National Automobile Dealers Association Convention and Exposition, February 11, 2006 -- The Reynolds and Reynolds Company , 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.
