CheckVentory

CheckVentory is a software as a service (SaaS) solution offered by CheckVentory Innovation Ltd. According to the vendor, it aims to provide stock management and inventory intelligence for national and international businesses. The product is designed to assist businesses of all sizes in efficiently managing their stock across dispersed networks, making informed decisions about inventory management, and improving efficiency and cash flow management. CheckVentory is commonly used by various industries, including automotive dealerships, automotive floorplan funders, importers, financial institutions, and wholesale lenders.

Key Features

CheckVentory Audit: According to the vendor, this feature is a comprehensive stock management and inventory intelligence tool that enables businesses to efficiently manage their stock across dispersed networks. It aims to provide better information for more efficient inventory management and to empower companies to make informed decisions about their inventory.

CheckBook: CheckBook is a software platform designed for dealerships to make more informed decisions about their used car inventory. The vendor claims it can help dealerships maximize profits by choosing the right stock at the right price. With real-time tracking and reporting capabilities, it aims to offer valuable insights for all stakeholders.

CheckVentory for Funders: This feature provides a software platform specifically tailored for funders to monitor dealer finance portfolios. According to the vendor, it ensures a continual overview of each dealer's portfolio and credit risk, enabling rapid notification of changes in dealers' risk profiles or financial well-being. The vendor suggests that this feature can foster greater trust and collaboration between funders and dealerships.

Data Analytics: The vendor claims that this feature leverages advanced data analytics to expose anomalies and discrepancies in dealer performance, profitability, and associated risks. It aims to provide a comprehensive evaluation of dealer performance and enables market segmentation to identify high-value customers. Additionally, the vendor states that it offers predictive modeling for future market demands and inventory strategies.

AI Technology: According to the vendor, CheckVentory utilizes AI technology to automate data collection, processing, and analysis. They claim that this eliminates human errors and improves data reliability. The vendor suggests that this feature streamlines inventory management, reducing the need for human intervention. By utilizing machine learning and deep learning, the vendor claims it can optimize inventory and mitigate risks.

Dealer Self-Auditing: This feature enables dealers to conduct their own audits using a mobile app, according to the vendor. They state that it streamlines the auditing process and reduces the need for external auditors. The vendor suggests that it improves the efficiency and accuracy of audits and provides real-time tracking and reporting for all stakeholders.

Digital Inventory Auditing: The vendor claims that this feature digitalizes the inventory auditing process, reducing reliance on manual audits and paper-based records. They state it improves the efficiency and accuracy of audits and provides real-time tracking and reporting for all stakeholders.

Mobile App: CheckVentory offers a mobile app for dealers to appraise vehicles and capture asset details. According to the vendor, this app provides a simple interface for easy use by dealership staff, enabling quick and efficient data collection and appraisal. They state that it is compatible with both iOS and Android devices.

Real-time Tracking and Reporting: According to the vendor, this feature provides real-time visibility of inventory across multiple locations. They claim it offers comprehensive reporting and analytics for better decision-making. The vendor suggests that it ensures stakeholders have up-to-date and accurate information on stock portfolios, facilitating effective communication and collaboration.

Integration with Existing Systems: CheckVentory seamlessly integrates with existing systems, according to the vendor. They claim that it allows for cross-checking and reconciliation, consolidating data feeds from multiple sources. The vendor suggests that it ensures compatibility with existing inventory management processes, providing a smooth transition to CheckVentory while maintaining operational continuity.