NCM Associates has announced its plans to reveal its data management tool, LiveAudit, at the upcoming NADA Convention & Expo in San Francisco.

The cloud-based application, which NCM claims is the “first-and-only-of-its-kind data management tool,” works with dealership accounting systems to “ensure accuracy and lessen the chance of fraud and financial mismanagement in every department.”

Paul Faletti Jr., the president and chief executive officer of NCM Associates, believes his company’s newest product will help relieve some of the burden that is shouldered by today’s dealers.

“One of the biggest frustrations any dealership has is the ability to quickly and efficiently get their hands on the data they want, when they want it or make informed decisions and avoid the risks of inaccurate or incomplete data,” Faletti said. “We, in partnership with Intelligent Dealer, are proud to once again lead the data management charge and bring LiveAudit to meet our clients’ needs and alleviate those frustrations.

“With LiveAudit, we’re giving our clients some peace of mind knowing exactly where their hard-earned dollars are going.”

According to the company, the tool will alert dealers of anomalies, collect historical data and provide ways to analyze expenses, including the ability to compare the performance of other dealers of the same brand via the NCM Benchmark database. The tool will also remind dealers of upcoming contract renewals to avoid unintentional extensions of agreements.

To find out more about LiveAudit, visit the company’s website.