The automotive market has been deeply transforming over the recent decades, in the light of digitalization, the need for continuous development in the automated intelligence area and the element of surprise related to financial operation connections.
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➡️ Reduced cash flow: Every business needs to rely on cash flow. Despite being a company with a tremendous number of assets, you can find yourself in a situation in which you cannot cover the requests. Therefore, a procurement process becomes practical, if not mandatory. ➡️ Lack of income transparency: Coordination between the accounting and billing processes is vital for the business to survive in the rental market. Compliance with specific regulations needs to be adapted to the business criteria and asset types. ➡️ Limited invoice options: Short-term and long-term rentals require specific invoice options to accommodate the business needs. If digitization is not able to fit those options in, the business might encounter consequences on their invoice issuing and collection, causing delays or even a lack of signatures for contracts. ➡️ Accounting rules compliance: Your accounting system should be able to establish compliance with the standard rules, therefore a system to provide readiness for these rules and a good bond between accounting and other processes seems like a great solution. |
Increase your cash flow by being able to create a temporary resource to fulfil the asset demand in addition to the procurement function.
Use your accounting system efficiently by integrating it into BearingPoint Lease&Rent and maximize the utilization of all features while maintaining your income transparency.
Ready to streamline your automotive business operations and boost profitability? Take the first step towards greater efficiency and financial stability. Contact us now to learn more!
