Autosoft announced Wednesday that it has introduced Inventory Management, a second DMS module that provides dealerships with vehicle appraisal, inventory pricing, and merchandising functionality with mobile capabilities.

This follows Autosoft’s launch of its next-generation DMS earlier this year, the company said.

The new cloud-based platform lets dealerships utilize all key solutions from one database that can be accessed by a single sign-on.

“A single platform has proven to enhance the customer experience as well as improve speed, productivity, and scalability for every department. It enables stronger decision-making since all staff have real-time access to the same data,” Autosoft president and chief executive officer Bryce Veon said in a news release.

Additionally, Autosoft said that it is in the process of developing the accounting, service, parts, and CRM aspects of the platform.

With the new Inventory Management solution dealers can access auction data from Manheim Market Reports and book values from Black Book, NADA and Kelley Blue Book.

Via the solution’s inventory bookout functionality dealers can get instant access to data from the desking screen in Autosoft sales and F&I.

Along with the release of Inventory Management, Autosoft said that it is preparing to introduce an embedded software applications marketplace where dealerships can easily customize their solution to their specific needs.