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Cox Automotive

Cox Automotive

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NextGear Capital’s Self Reconciliation Auditing Tool Passes 60 Percent Adoption

Dealers taking advantage of NextGear Capital’s Self Reconciliation tool are clearing their audits faster than ever while benefitting from a better client experience. This new method significantly shortened the auditing process for dealers from three to five hours, to less than 10 minutes. After only six months, more than 60 percent of clients have utilized Self Reconciliation to manage their floor planned inventory’s auditing. 

Prior to Self Reconciliation, the auditing process was one of the biggest points of frustration for NextGear Capital’s dealer clients, said Angie Provo, Senior Director of Marketing at NextGear Capital. “The quick adoption rate of this tool demonstrates NextGear Capital’s commitment to delivering new technology and services that ultimately facilitate a better client experience.”

Available inside of NextGear Capital’s Account Portal, Self Reconciliation clears units in real time, provides access to a historical database of previously reconciled units and allows dealers to pay off inventory, all through their mobile device. Additionally, dealership principal owners can now delegate the auditing process without having to share their Account Portal login credentials.

“The frustrating process of clearing audits using a Word of the Day method is now a thing of the past,” said Monique Belgrave, owner, Consumer First Auto Group. “Self Reconciliation means no guess work for my business. Audits are now instantly cleared and managed at a time convenient for me.”

NextGear Capital was determined to create a solution that empowered dealers to save time on their audits while allowing them to focus more on the tasks that drive profitability for their business. Self Reconciliation is that tool.

For more information about Self Reconciliation, visit www.nextgearcapital.com/Self Reconciliation/.

About NextGear Capital
NextGear Capital is the largest independent inventory finance company in North America, providing flexible lines of credit for auto dealers to buy used vehicles from over 1,000 auto and other vehicle sources throughout North America. With a client base of more than 20,000 dealers, NextGear Capital provides comprehensive services and support enabling dealers to buy and sell more inventory through self-service management tools, title services, records management and collateral protection. Headquartered in Carmel, Indiana, NextGear Capital is a Cox Automotive brand. For more information, visit nextgearcapital.com.

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