Dealer Floorplan Best Practices

Client Need: A $100+ billion automobile finance company sought to improve the return on its dealer floorplan business through identification of industry best practices that would be used in designing a custom floorplan module.

Solution: BenchMark Consulting documented the current operating environment including workflows, processes and procedures. The client’s current performance was compared to that of industry peers in the Benchmark database. From that analysis, specific enhancement opportunities were developed and cost savings were quantified.

Results: Annual potential savings of $3 million were identified from efficiencies and effectiveness gained from enhancement opportunities.