January 23, 2015 — Hoffman Estates, Ill. — CDK Global, Inc. ("CDK Global" or "CDK") announced today that it is launching Cash Management, a completely paperless Payables and Receivables workflow, at the National Automobile Dealers Association (NADA) Expo in San Francisco.
The Receivables portion of CDK's Cash Management Solution is ePayments. Building on CDK's strategic relationship with CenPOS and its cloud-based payment engine, CDK's ePayments workflow allows dealerships using the CDK Drive DMS to have an integrated solution to accept online, mobile and alternative payment options such as Apple Pay, Google Wallet, and PayPal™.
Integrated with CDK's Service Edge™ mobile application, CDK ePayments gives a dealership customer the choice on how they want to pay. They can receive a text/email invoice notification, pay the service balance online via their secure digital wallet, and arrange their vehicle pickup time -- all within one application.
Through CDK's strategic relationship with Yooz AP Automation and Nvoicepay, ePayments is coupled with account payables applications that provide end-to-end, "no touch" invoice processing—automating tedious and error-prone tasks like general ledger coding, approval of invoices, and payment to vendors. A single dealership may need to process thousands of invoices per month, so the time savings can be significant. With CDK's integrated solution, dealerships can process payments faster and more accurately.
"With the increasing prevalence of mobile payment transactions, consumers are expecting a similar experience in all retailers, including dealerships," said Justin Sprague, Vice President of Product Marketing for CDK Global. "By transforming the traditional Receivables and Payables process, we can help dealerships increase revenue, reduce expenses, control risk and improve cash flow."
CDK's Cash Management is part of the 140 meaningful innovations the company is showing at the January 2015 NADA Expo.
About CDK Global
With nearly $2 billion in revenues, CDK Global™ is the largest global provider of integrated information technology and digital marketing solutions to the automotive retail industry and adjacencies. CDK Global provides solutions in more than 100 countries around the world, serving more than 26,000 retail locations and most automotive manufacturers. CDK Global's solutions automate and integrate critical workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, repair and maintenance of vehicles, with an increasing focus on utilizing data analytics and predictive intelligence. Visit cdkglobal.com.
Read the original press release on Marketwired.