Free Access Articles, Technology , , ,

MULTI-FRANCHISE dealership PM Automotive Group has upgraded its accounting program from a spreadsheet system to one from the Australian-based Real Asset Management (RAM).

The RAM system manages all the fixed-asset accounting needs of a business and incorporates depreciation and Australian Taxation Office requirements to support month-end reporting and annual audits.

It will allow PM Automotive Group – previously known as Preston Motors – to use a single accounting register across its 12 franchises.

PM group accountant Shaun Palipane said the rapid growth of the dealer group meant the asset base had become more complex, requiring a specialist solution.

“Using spreadsheets had its limitations and was open to human error,” he said.
Mr Palipane said the company has franchises in different locations which made calculating depreciation a key issue.

“RAM’s software has allowed us to have a consistent approach to asset management which will make reporting simpler,” he said.

RAM sales manager Richard Exley said his company had been in operation for 36 years and had supplied systems to similar organisations, including those in the automotive industry, around the world.

“It suits a diverse range of business and, as an example, one of the more recent clients is involved in the haulage and logistics industry in New Zealand.

“The advantage is that it can use different depreciation methods at different sites and apply a consistent approach to the accounting needs.”

By Neil Dowling

Manheim
Gumtree
Manheim
Manheim
MotorOne
PitcherPartners
AdTorque Edge
DealerCell
Gumtree
Schmick