Every manager needs to measure, control and improve their department’s Key Performance Indicators (KPIs) in order to reach the maximum potential for revenue and performance. Although this is essential for any business, there is another task just as important and that many dealers do not perform: detecting possible money leaks.
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How to Prevent Money Leaks and Fraud in the Dealership
When the dealership is doing well, controls and audits sometimes become lax. Sooner or later this brings about consequences. Undetected money leaks, fraud and theft, as well as missed opportunities are just some of the issues that can affect the daily operations of automobile, machinery, motorcycle, or truck dealerships.
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Stop the Most Common Fraud Situations and Money Leaks in Aftersales
This series of articles addresses common situations that can cause a dealership to lose money (money leaks, fraud situations, and untapped sales opportunities), and the strategies you can implement to address them.
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Stop the Most Common Fraud Situations and Money Leaks in Sales and Administration
Fraud situations and money leaks are becoming more common in dealerships around the world and dealers are, in many cases, unable to prevent them or are unsure how to act once they are detected.
