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The financial year that has just ended for most of us in this country has not been without its challenges but Australia has fared remarkably well compared with much of the Western world. Pleasingly Vehicle sales in June were at near record levels and the outlook for the new financial year is much brighter than we could have reasonably predicted six months ago.
Auto-IT’s welfare depends heavily on the fortunes of our customers in the retail dealership marketplace and when profitability falls in this sector the effects flow on to us as well. It is evident though that the regional Agricultural, Trucking, and Automotive dealership industries remain in relatively good shape compared to the rest of the world.
Whilst talking about the rest of the world, the following statistics released in July by the China Association of Automobile Manufacturers provides food for contemplation. China is now the world's largest car market - or at least it was for the first half of 2009. June car sales were up 36.5% from the same time last year as car sales hit 1.14 million for the month. This announcement comes at about the same time as GM emerges from bankruptcy on the other side of the world. Only time will tell what impact these statistics will have on our industry in the years ahead.
Auto-IT Financial
As a supplier to many customers in the dealership industries, it is gratifying to report that throughout the financial year Auto-IT’s revenues have held up well and although profitability is lower than we would have preferred, we ended the 2009 financial year with a respectable bottom line and we remain debt free. Looking ahead, we are making plans for controlled company growth as the economy picks up in the new financial year.
Expansion
Despite the global downturn Auto-IT’s Dealer Management products continue to grow in influence. Auto-IT dealer software is now responsible for running the business of dealerships in nine countries and in an estimated 942 dealer locations. This is an increase of 90 locations since the same time last year and over the same twelve month period our licensed user numbers have increased by an impressive 3,752 to a total of 14,825.
These statistics should demonstrate to customers and partners that Auto-IT is a company that can be relied upon to keep abreast of industry trends, and produce software products able to hold their own in large businesses on the world stage. Some recent notable sales have included AFGRI, a Nationwide John Deere equipment retailer in South Africa, DMM. Malaysia, the national distributor and retailer of Daihatsu cars, and following our recent endorsement by BMW Australia as an approved Dealer Management System Supplier, North Shore BMW, one of their premier dealerships in New South Wales.
Looking ahead
We develop and support three major retail dealer systems, UNITS™, EQUIP™, and PMDS™. Each one of these products holds an important place in our strategic direction and users of each can expect to see the release of major enhancements over the next 12 months.
Auto-IT will shortly be hosting two important events in Australia. We will have a stand at the Australian Automotive Dealer Association in Melbourne in August and if you are planning to attend please make yourself known to us. We will also be hosting an EQUIP™ user group event in Melbourne later that month for our Agricultural and Trucking customers. If you are in this market segment I urge you to attend as you can be assured of an informative and beneficial experience by doing so.
As always, if you are a customer, a partner, or a friend of Auto-IT, I welcome your comments or feedback on my personal phone, +61 432 689 688.
Ken W Fife | Chief Executive Officer | Auto-IT Pty Ltd Australia
It was also a great opportunity for Dealers and Auto-IT staff to discuss, in an informal environment, ideas on enhancing the software and how some of the new features can be used practically, within the dealership. This was enhanced by the fact there were demo versions setup at the Roadshow.
We are already looking forward
to next year’s Roadshow and showcasing our latest software
offerings. Be sure not to miss out!
Coming to AADA? Tell us & receive a great gift from us!
Auto-IT has and will continue to write all available Factory
Interfaces. Many of these interfaces can assist in making
your business more efficient and effective. Don't miss out
on giving your business a competitive edge! To find out more
about how these interfaces can benefit your business and how
to set these interfaces up please speak to your Account
Manager or Aaran Newman on
anewman@auto-it.com.au
or 0418 253 368.
*For more information and pricing please contact your regional Account Manager.
Tech Tips
With literally thousands of Internet threats discovered every day, of which the majority pose a real risk to the integrity of your business systems, are you adequately protected?
When we talk about internet security, most will think of common, every day viruses; however these days, internet threats extend far beyond to a whole myriad of cyber attacks including Worms, Trojans, Spyware, theft and costly hoaxes. The minute you turn on your PC, you are at risk. Viruses and other attacks are generally designed to give hackers access to your business data and steal valuable information such as bank account and credit card numbers, contact details and addresses.
It’s no surprise then that network security is high on the agenda for most organisations throughout the world. The mere fact that cyber attacks can be very costly for some organisations, and very profitable for cyber criminals, means internet security should be the highest priority of your IT strategy. Hackers will continue to find new ways to circumvent IT security and therefore organisations need to be continually vigilant.
There are many simple ways that help a business improve network and internet security including the following suggestions:
It is important that users can have confidence in their business’s IT systems. Auto-I.T.’s Technical Consultants can assist with ensuring that your network is adequately protected and help improve your network and internet security and minimise cyber threats and attacks.
Running End of Period Close/Update
Enter the required company number and the account period you
wish to close. Please note that multiple account periods can
be closed at the same time. For example, if you were closing
operational year 9 from July to June, you could simply enter
0912 and the system will automatically close all prior
accounting periods for year 9.
Once
again, please note that accounting period 13 MUST be run
separately and AFTER all other account periods for the year
in question have been closed. In the example above, if you
wished to update operating year 08, you could enter 0812 in
the ACPRD field. If they haven’t been done previously,
accounting periods 0801 through to 0812 would be updated.
Please Note: Nobody should be using the system whilst this update is in progress, as it will lock the General Ledger to prevent postings, so it should be run outside of normal business hours, taking into account the time at which your end of day is set to run. WE ALSO STRONGLY SUGGEST THAT THE PROCESS IS RUN FROM YOUR SYSTEM CONSOLE TO ENSURE THERE ARE NO PROBLEMS CAUSED BY TELNET DROPOUTS OR PC’S LOSING POWER.
Auto-IT Australia Pty Ltd
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Auto-IT ran its fourth annual
PMDS™ Roadshow in April in Queensland, New South Wales and Victoria
to showcase its latest release R5.7, its Dashboard product Vantage
Point™ and gain an insight from one of Australia’s leading
Dealership consulting firms “Sewells” on strategies for coping in
tough times. The Roadshow was very well received and many attendees
were excited and appreciated the presentation of recently released
new features, upcoming software projects and learning simple methods
to save costs and increase revenues in this market.
