Nvoicepay: Customer | Park Place Dealerships
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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 Global

Employees: 2,300

Revenue: $2B

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

time savings

Saving 1,000 hours annually that used to be spent on manual payments, allowing executives and AP staff to focus on more strategic tasks

cost savings

Seeing $140,000 per year in benefits to offset operational costs

increased visability

Detailed reporting for increased visibility and easy reconciliation

electronic process

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 customer success story PDF

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
Download

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