Business Continuity for Inventory Auditing

Posted on the 19th March 2020

In these extraordinary times new risks emerge around stocking finance, for example where a physical stock auditor travelling between multiple dealer sites may not be considered appropriate.

Suspending your audit process creates commercial risks that may be equally unacceptable, while any alternative to the traditional approach will need to be robust, proven, quick to implement and economical.

For that reason, we have developed a new standby stock auditing service for finance providers, using our cloud-based dealer self-auditing platform. Key features are:-

  • Based on our existing integrations, remotely automate data feeds from your wholesale lending platform (APAK, White Clarke, NetSol, etc.).
  • One-time set-up of your users and dealership locations. These can be created very quickly via Excel uploads which trigger user onboarding automation related to new user notifications, password creations, etc.
  • Onboard new users entirely remotely, via setup wizards, documentation, in-app support and live video tutorials.
  • Initiate a full audit service and have dealers conducting audits within an hour of user set-up.

This enables funders to validate all of their funded inventory in any given location without the need for any staff or suppliers to physically visit the site.

In any circumstances, it provides a viable alternative to existing auditing practices or as a business continuity standby solution.

Given current circumstances, one option we are making available is an initial, low cost three-month licence period.

To discuss suitability for your business, please contact Peter Cottle on peter.cottle@growcap.co.uk, +44 (0)7970 516305