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Company Overview
This family-owned collection of high-volume, award-winning automotive franchises operates primarily in Southern California, Texas, and Florida. The group includes one of the world’s top Honda dealership by new vehicle volume, along with dealerships for brands like Acura, Ford, and Toyota.
The group is known for its exceptional customer service and commitment to core values, which has earned it numerous awards and high customer satisfaction ratings1. It offers a wide range of new and used vehicles, as well as comprehensive parts and service departments.
In addition to retail operations, the group provides exceptional HR and business management services to its dealerships, ensuring smooth and efficient operations. Their strategic approach and focus on high performance have made them strong competitors in their respective markets.
Challenge
This family-owned car dealership group, comprising over 15 dealerships across the United States, faced significant challenges with its entirely manual financial reporting process. Each month, trial balances were manually extracted from operational systems, manipulated, and consolidated using complex spreadsheet formulas, leading to frequent issues and inefficiencies.
Solution
To address these challenges, Oracle Cloud EPM Planning was implemented to provide consolidated financial and operational reporting. A comprehensive three-statement model, including the Income Statement, Balance Sheet, and automated Cash Flow, was established, along with additional statistical metrics.
Result
Upon completion of the implementation, the three financial statements were automatically generated with full integration from the source ledgers of all dealerships. This solution provided comprehensive reporting for all operating units and real estate entities, enabling frequent data updates and full ad hoc reporting capabilities across the entire enterprise.
