“It has completely changed the way we do audits of our dealer network. Management and staff are all very pleased” Andrew Beer, Wholesale Service Manager Transforming operations and positioning for growth. Toyota Financial Services is a division of Toyota Finance Australia Limited which commenced operations in 1982. Today, the company is recognised as one of Australia’s leading financiers with net receivables exceeding $5.4 billion and over 300 highly trained employees. In addition to providing financial services for both new and late model used vehicles, Toyota Finance also provides a range of personal and business insurance solutions, extended vehicle warranties, roadside assistance and fleet management and finance solutions. Toyota Financial Services is an Australia-wide business with an extensive network of regional offices and a partnership with the Toyota Dealership network. Situation Key Benefits: Average audit time reduced from 4 to 2 days Removed all paperwork from audit process Management clearance of the audit and closure within hours now instead of days Administration staff reduced from 2 to 0.5 FTEU Toyota Financial Services had 15 auditors across Australia performing 160 audits per month. These ‘floor plan’ financing solutions included a mix of bailment and flexible chargeplan / overdraft arrangements. The Wholesale stock and financial master database was a Lotus Notes based solution. Audits were a manual process involving printing the stock manifest from the wholesale system, recording the sightings on paper, manual reconciliation of the stock exceptions, manually valuing stock using Glass’s manuals and manual payment calculation and processing. Finally the results were keyed into the Wholesale system for final approvals and reviews. This manual process resulted in: Excessive time delays from extracting the vehicle manifest to receiving the audit results Dissatisfied dealers from the lengthy, intrusive audits and error prone payment calculations Inefficient audits and post audit processing Errors transposing vehicle details and audit results Time consuming and error prone vehicle valuations using the valuation manuals Solution In 2005 Toyota Financial Services implemented the Mobile Auditor solution nationwide in Australia. This involved: Rollout to 15 auditors using wireless enabled PDAs equipped with mobile printers Real-time integration with the Lotus Notes based Wholesale system: o Vehicle manifests were retrieved on-demand in real-time by the auditors from the PDA o Audit results were sent to Wholesale immediately an audit was completed on the PDA Integration with the Glass’s vehicle database enabling stock valuation and scaling Onsite printing of stock and payment reports using the mobile printers Mobile Auditor Specifically designed to assist wholesale finance companies carrying out 'floor plan' audits of motor vehicle dealers, Mobile Auditor caters for both bailed stock and flexible chargeplan / overdraft arrangements. Mobile Auditor can greatly increase the efficiency of the end to end audit process from scheduling to payment collection and help manage the associated credit risks. Seamless integration with the existing Wholesale Stock Management system ensures accurate up to date information. The implementation of a complete end-to-end solution enabled Toyota Finance to remove their manual processes, illegible hand-writing and lost paper from their operations. These improvements translated directly into significant efficiency and effectiveness improvements, higher dealer satisfaction and better control of risk whilst removing unnecessary costs through: Faster, more efficient audits More timely results – vehicle manifests and audit results are sent / received wirelessly in ’real time’ More accurate information – manual processes / illegible hand writing are removed from the audit process More accurate vehicle valuations in chargeplan / overdraft audits More collections and better management of risks Powerful management information – easy analysis of trends, exceptions and performance measures About Us Netresult Mobility is a Microsoft Gold Certified Partner which provides mobile computing solutions to help all parts of the vehicle supply chain, from wholesale financers right through to consumers, improve the speed and quality of their decisions about vehicles. We pride ourselves on providing innovative and efficient solutions to the automotive industry. Whether it’s a turnkey or bespoke solution, our development is carried out in consultation with our customers. We understand your business and develop solutions to meet your needs. Our mobile solutions are aimed at addressing inefficiencies and providing you with competitive advantage. We adopt a low risk approach to developing and providing solutions by only using proven technology and ‘best practice’ project management methodologies. Contact us today for a demonstration New Zealand / Australia & General Enquires Jonathan Wells, Commercial Director Info@netresultmobility.com +643 341 3711 U.K. / European Sales Office Julie Haywood, Commercial Director, Keyworth Automotive julie@keyworthbusinesssolutions.co.uk +44 8445 499 224