Accumatic

The accumatic.com address forwards to Veramatic, which describes itself as an accuracy layer for dealership accounting. Its homepage says it ingests, transforms and validates reports from any manufacturer for any DMS, so clean data is ready before it reaches the general ledger.

Accumatic: Accounting control software

Its features page groups the work into factory reporting, third-party and F&I reporting and other reporting, covering areas such as rebates and incentives, holdback credits and floorplan items, and says documents are prepared for direct posting.

Accumatic functions
Product or serviceFunction
Accounting control softwareAutomated ingestion, transformation and validation of back-office financial data.
Factory reportingManufacturer payables and direct postings from factory reports.
Third-party and F&I reportingCoding of third-party F&I product reports.
Post-ready journal entriesOutput prepared for the DMS.
Insights HubArticles on dealership accounting accuracy.

Accumatic: product details

The accounting control product at this address is now sold as Veramatic, whose home page claims more than 600 rooftops run on it, hours cut to minutes on key accounting workflows according to customers, and that it works with any DMS and any manufacturer with no integration required. Its about page says dealership accounting teams still bridge source information and the DMS with spreadsheets, PowerPosts, printed reports and manual checks, and describes the product as a reconciliation layer for posting, reconciliation and validation.

These are vendor statements, so ask how each report type is mapped and who maintains the rules.

One testimonial on the home page, from the chief financial officer of I-5 Auto Group, says accounting went from 17 people to 10 over a few years and credits process improvement with Veramatic playing a major role, and another says automating parts invoices into payables had the biggest impact. A controller should ask for a reference of similar size and for the audit trail kept when an entry is posted to the DMS.