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GlobalWise Releases Case Study on Ricart Automotive GroupClient Implementation of Intellivue(TM) Nearly Doubles Efficiency (March 13, 2012)
COLUMBUS, OH -- (Marketwire) -- 03/13/12 -- GlobalWise Investments, Inc. (OTCBB: GWIV) (OTCQB: GWIV) (www.GlobalWiseInvestments.com) and its wholly owned subsidiary Intellinetics, Inc., a leading-edge technology company focused on the design, implementation and management of public/private cloud-based Enterprise Content Management ("ECM") systems for public and private sectors, today provide a case study for one of their clients, Ricart Automotive Group (www.Ricart.com).
Ricart Automotive Group is one of the world's largest retail auto dealer enterprises. Founded in 1953 in Columbus, Ohio, Ricart has grown from a small car lot into one of the nation's largest single-site dealer complexes comprised of 66 acres plus a separate financing company (www.coccfinancial.com) with locations in Ohio and Mississippi. Ricart Automotive sells and/or finances a combined 16,000 vehicles annually, which creates an immense amount of paperwork. Ricart realized the traditional paper storage filing cabinet system for managing their many customers was dated, inefficient and in some cases resulted in missing documents.
"We already had a significant amount of space dedicated to the storage of paper files and we needed more. In addition to the physical storage problem, we were also having an issue with the excessive amount of time required to locate files when we needed them. It was obvious that we needed a more efficient solution," said Rob Caruthers, CFO, Ricart Automotive. "It was essential to our business that the information be logically indexed and quickly accessible."
Ricart also required that the ECM solution chosen was compatible with its existing business applications and database. One of the key attributes of the Intellinetics software is its ability to easily and seamlessly integrate with existing software packages that companies rely on to manage their business. Many other ECM solutions do not have the ability to integrate with these dealer management systems, which gives Intellinetics a competitive advantage. The Intellivue software package delivered to Ricart was the perfect solution to increase productivity.
"Thanks to the open, flexible nature of the Intellivue platform, all of our needs were met and implementation was seamless," added Mr. Caruthers.
Ricart maximized their return on investment by integrating Intellivue into its dealer management platform. The flexibility of the Intellivue system allows the Ricart team to function more efficiently, while reducing wait times and increasing customer satisfaction. Across sales, finance, service, human resources and accounting the system saves hours of processing time for the over 75,000 pages of new documents managed per month. Ricart currently has the equivalent of approximately 1,000 four-drawer filing cabinets processed by Intellivue. In the past, simple vehicle inventory logging would take up to one and a half weeks, but with the Intellivue system, it can now be processed in one and a half days -- an 80% increase in efficiency.
Ricart and Intellinetics continuously collaborate on planned upgrades and expanding Intellivue to capture more document types throughout Ricart's enterprise. "Employing Intellivue has been an excellent experience. The impact it has had on our operations is tremendous. We look forward to continuing our relationship with Intellinetics," concluded Mr. Caruthers.
Click the following link to see Mr. Caruthers share additional insight on the economic and operational impact Intellivue has brought to Ricart Automotive: http://youtu.be/gF9hIbEv4Og
About GlobalWise Investments, Inc.
GlobalWise Investments, Inc., via its wholly owned subsidiary Intellinetics, Inc., is a Columbus, Ohio based Enterprise Content Management (ECM) pioneer with industry-leading software that delivers cloud ECM based solutions on-demand. The Company's flagship platform, Intellivue, represents a new industry benchmark and game-changing solution by enabling clients to access and manage the content of every scanned document, file, spreadsheet, email, photo, audio file or video tape -- virtually anything that can be digitized -- in their enterprise from any PC, laptop, tablet or smartphone from anywhere in the world.
For additional information, please visit the Company's corporate website: www.GlobalWiseInvestments.com
This press release may contain "forward-looking statements." Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements may include, without limitation, statements about our market opportunity, strategies, competition, expected activities and expenditures as we pursue our business plan. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot predict the effect that market conditions, customer acceptance of products, regulatory issues, competitive factors, or other business circumstances and factors described in our filings with the Securities and Exchange Commission may have on our results. The company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.
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