KANSAS CITY, Mo. -

On Monday, NCM Associates launched the latest software solution to be added the organization’s business intelligence division; a tool dubbed NCM LiveAudit.

The company said the NCM LiveAudit payables monitoring solution, developed by Intelligent Dealer, is a cloud‐based application that can work seamlessly with dealership management systems to provide a whole new way to control a dealership’s cash flow.

Using a complex algorithm to analyze current monthly spending against dealership averages based on NCM Benchmark data — or against self-defined goals — the LiveAudit system can track and monitor spending to ensure transparency, accuracy and a reduced risk of fraud and financial mismanagement.

“As we all know, profit margins in retail automotive are notoriously slim,” lntelligent Dealer chief executive officer Frank Sheets said. “Monitoring outgoing payments always has been important, but too difficult to do efficiently. We’re pleased to address that limitation with NCM LiveAudit.”

NCM Associates went on to mention the LiveAudit platform can collect historical data and learn more about operator’s business while improving how it analyzes dealership spending.

More than just a spreadsheet, the company insisted LiveAudit is a “robust” tool that also can notify dealers of upcoming contract renewals so they don’t unknowingly auto-renew for another year — or longer — with an unwanted vendor.

Additionally, LiveAudit can store associate pay plans to ensure compensation is aligned with dealership objectives.

“NCM is proud to partner with Intelligent Dealer to introduce another auto-industry game changer,” NCM Associates president and chief executive officer Paul Faletti Jr. said. “Between NCM axcessa, and now with LiveAudit, the quality of information available to dealers is unprecedented.

Faletti added that, “axcessa offers dealers an unbelievable level of visibility to critical dealership operational performance. And there’s never been an easier way to monitor dealership spending than NCM LiveAudit.

Through solutions like these, we’re happy to help our clients gain some peace of mind knowing exactly where their hard‐earned dollars are going,” he went on to say.

NCM will demonstrate the LiveAudit system and offer presale discounts at during the upcoming National Autombile Dealers Association Convention & Expo at booth No. 3013C.

To reserve a spot, register online at www.ncmassociates.com/signup.