Yooz attends NADA 2024 tradeshow, taking away key insights for the automotive industry.
Reflecting on our experience at NADA 2024, the Yooz team emerges with a renewed perspective on the automotive industry and a clear vision for the future. We extend our gratitude to the insightful speakers, innovative exhibitors, and engaging conversations that enriched our time at the conference.
Upon reviewing the event, several prominent themes emerged, all centered around adapting to evolving regulations and products, harnessing the power of data, embracing new technologies, and strengthening both internal and external relationships.
The automotive industry finds itself at the forefront of a rapidly changing landscape, where traditional methods intertwine with emerging technologies. Discussions revolved around electric vehicles, charging infrastructure, and regulatory shifts. It's evident that electric vehicles are not merely a new addition to dealerships' offerings but represent a fundamental shift requiring adaptation in regulations and relationships. Successful change management becomes paramount to ensure smooth transitions, alongside readiness for global interactions, particularly with China's prominent role in electric vehicle manufacturing.
Artificial Intelligence (AI) also took center stage, promising to revolutionize various aspects of the industry, from streamlining back-office operations to enhancing vehicle inspection processes. AI-driven solutions such as chatbots and Accounts Payable (AP) automation are driving efficiency and cost savings. By automating tedious tasks like data entry, AI empowers staff to focus on strategic initiatives, fostering innovation and growth.
Visibility within organizations emerged as another critical theme, emphasizing the importance of data accessibility for informed decision-making and seamless communication both internally and externally. The disjointed communication between dealers and Original Equipment Manufacturers (OEMs) underscores the need for technological solutions facilitating collaboration and simplifying processes.
End-to-end experiences were highlighted as essential, not only for establishing a unified source of truth internally but also for optimizing processes across locations, enhancing customer and employee satisfaction while reducing costs.
Yooz is proud to address many of these key challenges faced by dealerships. Our discussions with clients and DMS providers reaffirmed the significance of AP automation in streamlining processes, reducing errors, and improving visibility. Whether domestically or globally, Yooz stands ready to support your dealership's AP department, alleviating burdens and driving organizational efficiency. If you missed us at the conference, we welcome the opportunity to discuss how our AI-powered AP automation solution can benefit your dealership. Let's connect and explore opportunities for growth and optimization together.
Yooz provides the smartest, most powerful, and easiest-to-use cloud-based E-invoicing and Purchase-to-Pay (P2P) automation solution. It delivers unmatched savings, speed, and security with affordable zero-risk subscriptions to more than 5,000 customers and 300,000 users worldwide. Yooz’s unique solution leverages Artificial Intelligence and RPA technologies to deliver an amazing level of automation with extreme simplicity, traceability, and end-to-end customizable features.
Yooz North America is headquartered in the Dallas, Texas, metropolitan area with global offices in Europe.
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Haley Kirk
Haley.Kirk@getyooz.com
+1 469 459 3489