Travis Peterson
  • Indianapolis, IN
  • United States
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Travis Peterson posted a blog post

How to Close Your Month in 2 Business Days

In my former life as a Controller, I was always aiming for a fast and accurate month-end close. Our business office typically closed the books within five to seven days. Is that a realistic deadline? Not according to Christine LaFontaine, Owner & CFO of Matt LaFontaine Automotive, which owns three dealerships in Michigan. Christine, who is also a former Controller for…See More
Wednesday
Travis Peterson posted a blog post

3 Accounting Take-Aways from the A-Team

Growing up in the 80s, I loved the A-Team. I thought they were the coolest; even the van was awesome! Ultimately, what made them great as a team was that they worked better together. The "better together" philosophy can easily carry over to a different A-Team: the "Accounting Team.”  It simply makes fiscal and operation sense to round up your team and transition to…See More
Sep 1
Travis Peterson posted a blog post

Don't Be A Frog In Boiling Water

As the fable goes, a frog put in a cool pot of water that is slowly heated will happily hang out until its eventually cooked. The gradually changing temperature fools it into thinking conditions are not changing. When it comes to your DMS provider, you cannot be complacent like the frog. There are many great providers out there who deserve your loyalty, but the DMS space…See More
Aug 24
Travis Peterson posted a blog post

4 Steps to Get Your House in Order for Service Warranty Audits

Service warranty audits are back – some dealers say with a vengeance, according to a recent Auto News article.  Others consider the return of audits, now that the pandemic has eased, to be business as usual. Why do some dealers find it easy to stay on top of…See More
Jul 21
Travis Peterson's blog post was featured

6 Tasks to Re-Purpose Employee Time When Business is Slow

“Inspect what you expect” is a well-known business phrase that I think is particularly applicable to our industry today. That’s because many dealership employees have a LOT of time on their hands right now. Why not re-direct that time towards everyday tasks that you expect are getting done, but often don’t have the time to inspect?   Our unprecedented market, with…See More
Jul 14
Travis Peterson posted a blog post

6 Tasks to Re-Purpose Employee Time When Business is Slow

“Inspect what you expect” is a well-known business phrase that I think is particularly applicable to our industry today. That’s because many dealership employees have a LOT of time on their hands right now. Why not re-direct that time towards everyday tasks that you expect are getting done, but often don’t have the time to inspect?   Our unprecedented market, with…See More
Jul 14
Travis Peterson posted a blog post

How to retool your floorplan for today’s market

Floor planning is not a new topic; but it’s gotten a lot more interesting lately. As Auto News reported in a recent article, floorplan swung from a $96-per-vehicle-expense on average in 2019 to a $140-per-vehicle gain last year. The gains are attributed to slim vehicle inventories,…See More
Jun 23
Travis Peterson posted a blog post

Having Trouble Sourcing Used Vehicles? Get Creative!

A drive around town quickly identifies an odd reality: dealers’ lots are bare bones. It is honestly shocking how few new cars are on the ground. As new car inventory continues to fall, consumers are turning to used cars – putting a big strain on supply and driving up prices. As a result,…See More
Jun 15
Travis Peterson posted a blog post

What’s really in a Deal Jacket (and why does it make e-contracting so hard)?

I believe the paperless car deal is the holy grail of automotive retailing. In my last blog, I talked about how e-contracting is the sticking point in reaching this ideal. The reason is two-fold: First, car deals are complex and sometimes messy. There are a lot of vendors, systems, and…See More
Jun 3
Travis Peterson posted a blog post

What’s really in a Deal Jacket (and why does it make e-contracting so hard)?

I believe the paperless car deal is the holy grail of automotive retailing. In my last blog, I talked about how e-contracting is the sticking point in reaching this ideal. The reason is two-fold: First, car deals are complex and sometimes messy. There are a lot of vendors, systems, and…See More
May 26
Travis Peterson posted a blog post

e-Contracting: A Game Winning Strategy Without a Playbook?

I know from my time as a Controller that digital contracting sounds like a no brainer for the dealership. The benefits are there: less paperwork, less storage costs, faster funding, and delivering that “friction-less” experience we’re all hearing so much about. It’s no wonder e-contracting is the new popular kid on the block.    I believe e-contracting and the paperless…See More
May 17
Travis Peterson's blog post was featured

Where are the auto dealer compliance officers?

It has been about 5 years since I worked as a controller in a dealership, and many things have changed in the auto industry since then. One thing I am surprised to see has not changed is the lack of designated compliance officers. We didn’t have one then, and most dealerships still don’t have one today. Compliance officers can protect dealerships from liabilities and…See More
Apr 29
Travis Peterson posted a blog post

Where are the auto dealer compliance officers?

It has been about 5 years since I worked as a controller in a dealership, and many things have changed in the auto industry since then. One thing I am surprised to see has not changed is the lack of designated compliance officers. We didn’t have one then, and most dealerships still don’t have one today. Compliance officers can protect dealerships from liabilities and…See More
Apr 28
Travis Peterson posted a blog post

DMS Negotiations Tips & Tricks

You just paid another huge DMS bill, or you heard about a great new system from your 20 Group, or you want better support. There are a myriad of reasons dealers decide to switch DMS providers. Whatever the reason, it’s a major decision because your DMS touches every aspect of your business. I get it. I’ve been a Controller during a DMS switch and it’s a decision no one should hurry or take lightly. No matter what, it will disrupt your business and challenge your team. Yet, if you put in the…See More
Apr 14
Travis Peterson posted a blog post

How to Prepare for a DMS Switch

A recent article in Automotive News showcased how the overall market for DMS software is in flux with disrupters cracking the decades-old duopoly of CDK and Reynolds and Reynolds. NADA 2021 proved the point with as many as 20 companies exhibiting DMS software. If you’re one of the many dealerships who recently signed with a new provider, you’re going to need to buckle up. …See More
Mar 30
Travis Peterson posted a blog post

4 Tips for (Actually) Closing Your Month On-Time

The phones are ringing off the hook. Your door is closed yet people keep pouring in. You have sales managers asking for their commissions, management wanting the final numbers for the month, a floorplan needing reconciled, and the statement still hasn’t been uploaded to the manufacturer. I get it – I’ve been there. The dealership month-end close process is complex;…See More
Mar 23

Profile Information

Which best describes you?
Vendor Partner
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One View
What is your current position within your organization?
Head of Product & Services
What is your company website?
http://one-view.com
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Carter West PR
Not everyone gets approved for DealerELITE. To maintain the integrity of DealerELITE, tell us what you will have to offer once a dealerELITE member?
I have over 13 years of experience in the industry, including as a DMS sales rep and comptroller for a dealer group, I have a passion for helping dealers streamline workflows, refine the user experience, and identify unique solutions to dealer problems. I look forward to sharing my insights and experience through blog postings.

Travis Peterson's Blog

How to Close Your Month in 2 Business Days

Posted on September 22, 2021 at 9:03am 0 Comments

In my former life as a Controller, I was always aiming for a fast and accurate month-end close. Our business office typically closed the books within five to seven days. Is that a realistic deadline? Not according to Christine LaFontaine, Owner & CFO of Matt LaFontaine Automotive, which owns three dealerships in Michigan. Christine, who is also a former…

Continue

3 Accounting Take-Aways from the A-Team

Posted on September 1, 2021 at 11:05am 0 Comments

Growing up in the 80s, I loved the A-Team. I thought they were the coolest; even the van was awesome! Ultimately, what made them great as a team was that they worked better together. The "better together" philosophy can easily carry over to a different A-Team: the "Accounting Team.”  It simply makes fiscal and operation sense to round up your team and…

Continue

Don't Be A Frog In Boiling Water

Posted on August 24, 2021 at 10:23am 0 Comments

As the fable goes, a frog put in a cool pot of water that is slowly heated will happily hang out until its eventually cooked. The gradually changing temperature fools it into thinking conditions are not changing. When it comes to your DMS provider, you cannot be complacent like the frog.

 

There are many great providers out there who deserve…

Continue

4 Steps to Get Your House in Order for Service Warranty Audits

Posted on July 21, 2021 at 5:25pm 0 Comments

Service warranty audits are back – some dealers say with a vengeance, according to a recent Auto News article.  Others consider the return of audits, now that the pandemic has eased, to be business as usual. Why do some dealers find it easy to stay…

Continue

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At 2:23pm on January 16, 2021, Maris A said…

Good Day,
How is everything with you, I picked interest on you after going through your short profile and deemed it necessary to write you immediately. I have something very vital to disclose to you, but I found it difficult to express myself here, since it's a public site.Could you please get back to me on:( officialaishacbdd@gmail.com ) for the full details.
Have a nice day
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