Dealer software is reaching both sides of the ledger, connecting customer collections as well as vendor invoices and payments.

The operating account is the newest piece to move into dealer software, extending integrations beyond payment processing and AP.

Banks can supply the account and rails without owning the dealer-facing interface, as embedded banking puts more financial activity inside the dealer management system.

Dealer management systems house the information tied to the operation’s financial activity. Customer balances, repair orders, vendor invoices and accounting records can originate there even when the payment itself moves through a bank or another provider. More of the payment process is now being connected to those systems.

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Tekion, Increase and Core Bank said they were partnering to put an operating bank account inside Tekion’s Automotive Retail Cloud. As announced late last month, Tekion is used by more than 2,000 dealerships.

The need for connectivity is visible in automotive retail. In an April PYMNTS interview with Amberly Allen, managing director of Priority Commerce Automotive, Allen described an industry in which money moves among dealerships, OEMs, lenders and service providers while fragmented infrastructure can limit transaction visibility. She said payment costs rank among dealers’ top expenses and pointed to funding speed and cash-flow predictability as other concerns for dealers.

Tekion Spend extends the connection into the bank account. Dealerships can open an FDIC-insured account in their name, hold funds and initiate payments from within Tekion’s platform.

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