What is a Dealer Management System (DMS)? The term DMS has several different acronyms in many industries, such as department of management services or a document management system. Even in the automotive industry, the term DMS can mean “dealership management system” or “dealer management software” or “dealer management solution.”....
Cash flow is the main artery of a Buy Here Pay Here dealer. Managing how cash is generated and how it's spent is critical to the success of your business. Although your dealership reflects a positive net profit on the financial statement, you may find yourself funding the business out....
It’s that time of month again; you’re getting those fancy fliers about 3 day conventions at the lovely Caesars Palace or the convention at the lovely Ritz Carlton in Orlando. Now you’re thinking should I attend this function? Should I take the family? Most people think of these conventions as....
More than likely your dealership or finance company relies on more than one computer to accomplish your daily tasks and get business done efficiently. Should you have all of your computers networked to a server? If you have a large staff, the answer should be yes. What is a server?....
We live an age where the mantra is "information at your fingertips". With the digital era influencing every aspect of our lives, it is important to leverage these efficiencies in every way possible with your business. One simple, yet effective way to do this is keeping an electronic record of....
There are many reasons for a Buy Here Pay Here operation to report credit to the bureaus each month but all too often these benefits are overlooked. It’s the key intangibles that will help keep your accounts in good standing and reward your business with repeat customers. If you run....
As the owner of a used car dealership, your primary goal is to sell cars, and chances are, that is the function holding your attention, day in and day out. Buy the cars at the auction for a good price, and turn around and get them off the lot. However,....
Interest is the price paid for the use of borrowed money – a fee paid to a lender by a borrower. The two most common types of interest calculation methods used in the Buy Here Pay Here industry today is Simple Interest and Add On Interest (Rule of 78's). ....
Annually, about 9 million Americans have their identity stolen. These victims are subject to bank accounts being drained, damaged credit, or potentially having an arrest warrant on them because someone robbed a store with their identity. As much damage as identity theft does to Americans every year, the same is....
Attention Buy Here Pay Here Dealers: The business model has changed! Yes, you can still extend financing to sub-prime borrowers, but the days of you waiting until Friday afternoon to cash their payroll check and deduct their payment is becoming more and more archaic. To stay current with your customer....
ABCoA is a Software-as-a-Service company dedicated to the subprime industry. Our cloud-native ecosystem handles every part of business operations - improving productivity, security and accuracy, while consolidating vendors and reducing costs.
Since 1983, ABCoA has helped buy here pay here used car dealerships and subprime finance companies eliminate duplication, remain compliant, and achieve success with complete, customer-driven software and dependable support. Customers properly using Deal Pack have never lost an IRS audit.
Recently awarded Top Online Accounting Software for Deal Pack, ABCoA continuously elevates the standard for software in the subprime industry and helps customers grow through our commitment to quality, innovation, and service. Headquartered in Jacksonville, Florida with employees across four states, we remain family-owned and operated.
To learn more about ABCoA, visit www.abcoa.com.
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