Robins & Day has reduced debtor days by 201% using Cooper Solutions’ FullForecast and FullFinancials.
The Peugeot and Citroen dealer group is celebrating a partnership of 10 years using FullForecast, a financial management system, and Full Financials, a cash management system, which it says has also increased staff efficiency, forecasting accuracy and the financial culture of the whole business.
Prior to FullForecast the business was using Excel spreadsheets which had to be manually filled in by managers.
"This was extremely time consuming for them and more crucially, less accurate," said Richard Garbutt, sales director at Robins & Day.
"It also meant our head office then had over 40 spreadsheets to collate and consolidate each week. With a web based system like FullForecast every level of report is produced automatically, by department, by dealer, by division and group. We now spend time acting on the data, rather than producing it.
“Our line managers also find that using FullForecast enhances their understanding of what’s happening in their departments as they can see exactly what’s happening in real-time, rather than having to extract it directly from the dealer management system.
"At a glance, they can see revenue, expenses and performance against budget, creating a faster and more streamlined process. The consolidation and transparency of the information it has given us means we’d struggle to operate without it today. It’s at the heart of our forecasting and has become an integral part of how we run our business," he added.