Park Place Dealerships
Award-winning Park Place Dealerships was built upon its ceaseless commitment to client service excellence. For over 30 years, Park Place has been selling luxury automotive brands, including Lexus, Mercedes-Benz, Porsche, Volvo, Jaguar, Land Rover, Lotus, Rolls-Royce, Bentley, McLaren, and Maserati.
Industry: Automotive
DMS: CDK Drive
Employees: 2,300
Revenue: $2 billion
Website: https://www.parkplace.com
One of the biggest benefits is that it allows our executives to do what they do best: continue to grow our business.
Anna Smith, Corporate Assistant Controller
Challenges
- Tedious, manual reconciling process
- Hosted weekly "signing check parties" with GMs from all its dealerships to sign checks
- Spent 160+ hours printing, signing, folding, stuffing, and mailing 1,200+ checks every month
- Added more locations without the ability to scale manual AP processes
Results
Saving 1,000 hours annually that used to be spent on manual payments, allowing executives and AP staff to focus on more strategic tasks
Seeing $140,000 per year in benefits to offset operational costs
Detailed reporting for increased visibility and easy reconciliation
81% electronic payment acceptance despite 78% growth in the vendor list, due to ongoing vendor engagement from Nvoicepay
Download the Customer Success Story
Park Place Dealerships
Download the full case study with Anna Smith, Corporate Assistant Controller at Park Place Dealerships, to learn their:
- - Challenges in the payment process
- - Solution from Nvoicepay
- - Results with payment automation
Learn how Nvoicepay transforms payments for the enterprise
Nvoicepay transforms the way enterprises pay their domestic and international suppliers. We offer an intelligence-driven payment automation solution purpose-built for the most complex enterprises. Finance teams unlock value in their payments process and achieve remarkable results through dynamic payment data management, a superior supplier experience, and seamless integration with any ERP.