JEDOX SUCCESS STORY · AUTOMOTIVE
Gee Automotive reduces monthly consolidation process by 50%
Gee Automotive, a dealership group in the US Pacific Northwest, was spending 12 days a month consolidating data from multiple dealership management systems in Excel. With Jedox it has halved month-end consolidation to six days and can produce investor and executive reporting in a few clicks.
50%
faster monthly consolidation
12 to 6 days
month-end consolidation
25
manufacturers across the dealership portfolio
About Gee Automotive
Gee Automotive is a dealership group in the Pacific Northwest of the United States. It has been in operation for more than 30 years and runs dealerships covering 25 manufacturers. The group continues to grow through expansion and acquisitions, and reports year-on-year growth to its investors.
Challenge
12 days to consolidate
Gee Automotive has operated for more than 30 years and runs dealerships covering 25 manufacturers. It relied heavily on Excel for month-end consolidation and forecasting.
Consolidating financial data from multiple dealership management systems took a full 12 days each month. Growth through expansion and acquisitions demanded a scalable, adaptable system, and reporting year-on-year growth to investors was difficult in Excel.
Solution
Excel benefits without spreadsheet risk
Rich Lodmell, Chief Accounting Officer, had experience with other EPM solutions and saw that Jedox could keep the benefits the team valued in Excel while reducing spreadsheet risk. Implementation was straightforward and the team was up and running quickly.
Jedox’s adaptable, modular approach let the team build its own models and remove manual entry from planning tools. Forecasting is especially important in this industry, where advertising and sales costs change frequently.
“It is easy enough when you can modularize each component and customize it to fit your business.”
Rich Lodmell
Chief Accounting Officer
Outcome
Consolidation halved to six days
Month-end full consolidation has fallen from 12 business days to six, a 50% reduction, giving management more time to run the business.
More business users now take part in planning, reviews happen at a more granular level, and financial reporting for executives and investors can be produced in a few clicks. The company can also more easily meet manufacturer, banking and GAAP reporting requirements.
Jedox in use at Gee Automotive
- Financial consolidation
- EPM
- Sales forecasting
- Planning
Read more Jedox success stories, or find out about Jedox implementation in the UK & Ireland.
More automotive success stories
- America’s Auto Auction: Adaptability fuels rapid growth and scalable M&A success
- D’Ieteren Automotive: Single source of truth drives integrated business planning forward at D’Ieteren Automotive
- Mercedes-Benz South Africa: Mercedes-Benz moves from 1,000+ spreadsheets to a unified platform
- National Tyre & Wheel: National Tyre & Wheel moves from weeks-long reporting to instant results
Want results like Gee Automotive?
Kybos is the UK & Ireland’s only dedicated Jedox partner. Our accountancy-qualified consultants will show you what Jedox could do for your finance team.