Gee Automotive reduces monthly consolidation process by 50%

Prior to Jedox, Gee Automotive was using Excel heavily for its consolidation processes and forecasts. The month-end consolidation of financial data from multiple dealership management systems was becoming a burden and took a full 12 days a month to tackle. Besides the cumbersome and time-consuming system, Gee Automotive was growing through the expansion and acquisition of new dealerships. It needed a system that was adaptable and scalable to meet its rapidly changing business growth. And the team needed to report year-over-year growth to its investors, which was not easily accomplished in Excel.

With some familiarity with other Enterprise Performance Management (EPM) solutions in the market, Rich Lodmell, Chief Accounting Officer, was introduced to Jedox’s powerful platform. He immediately recognized that Jedox could help his team retain all the benefits they loved about Excel while mitigating many of the spreadsheet risks. Implementation with Jedox was extremely easy, and Rich was up and running in a short time. “This speaks to the credit of Jedox,” says Rich. “It is easy enough when you can modularize each component and customize it to fit your business.”

Gee Automotive found that their Jedox solution was highly adaptable and easily customizable, which enabled them to create their own models and eliminated the need for manual entry on planning tools. Forecasting in the automotive industry is an important factor due to the ever-changing nature of advertising and sales costs.

By utilizing Jedox, Gee Automotive has more business users involved in the planning process, and the team can review data at a more granular level. To the relief of everyone on the team, planners now have more time in their day. “Our month-end full consolidation close process has gone from 12 business days to six. This allows management more time to run the business than worry about how last month looked,” said Rich.

With Jedox, reporting crucial financial information to executives and investors is easily accomplished in a few clicks. So Gee Automotive can more easily meet manufacturer, banking, and generally accepted accounting principles (GAAP) reporting requirements. The executive team is thrilled about the change.