PM Automotive Group, a leading automotive retailer consisting of 12 franchises, has selected Real Asset Management’s (RAM) software to improve the fixed asset accounting processes across its numerous sites. It decided that due to the accelerated growth of the company, it would benefit from implementing a specialist solution to replace the spreadsheet system that it had in place previously.
The group was established in Melbourne, Australia in 1912 and has been operating in its local community for over 100 years. Established as one of the oldest and most highly respected motor vehicle retailers in the country, it offers its customers the opportunity to buy new or used vehicles across 8 brands. It now has 10 franchises in Victoria and two in the Australian Capital Territory, with further growth planned across the country.
Using spreadsheets had its limitations, the level of control that we required was not there and it was open to human error
PM Automotive Group moved from a spreadsheet-based process to RAM’s software to improve the accuracy of data and to ensure a detailed audit trail is kept. Shaun Palipane, Group Accountant at the company states, “We are growing quickly which is leading to an asset base that is more complex to manage. As such, implementing a specialist system was the right move. Using spreadsheets had its limitations, the level of control that we required was not there and it was open to human error.”
The group has assets across a number of locations which made establishing a clear understanding of depreciation costs by site a key objective. Moving over to RAM’s software has allowed the group to apply a consistent approach to asset management across all areas, which will make reporting simpler and ensure that information for each site is collated and accessible to authorised users.
“We have developed an excellent working relationship with RAM,” Palipane concludes. “Negotiations were smooth and professional and the implementation team has proved extremely helpful. Everybody at RAM is more than happy to help whenever we have queries.”
Real Asset Management is a leading provider of Fixed Asset Management and Maintenance software across Oceania. Some of its recent clients include the Unitec Institute of Technology, Cohen Group and Lowes Petroleum.