How to manage the vehicles in the showroom using the dealership inventory management software?

dealership inventory management software

Car dealership involves the selling of used and new cars at a retail outlet to customers based on a contract between the buyer and the car dealer. It hires salespeople to sell the vehicles on their behalf for which they are paid a commission. A car dealership might also have a workshop associated with it to provide repairs and service to the vehicles. 

There are 5 things to be considered while opening a dealership business

  1. Location
  2. Type of dealership
  3. Business plan
  4. Licensing requirements
  5. Legal provisions

Need for Dealership Inventory management software

The dealer uses inventory management software to manage the vehicles which are in the showroom and keeps track of the vehicle information and manages effectively. The car dealer can keep a track of the vehicles that are in the showroom and those which have been sold.

How does the inventory management software help the dealers?

The inventory management software helps the dealer to make decisions regarding the ordering of new vehicles based on the market demand. The software is responsible for letting the dealer know which cars are sold, which ones are yet to be delivered, transferred to another car dealer, which stock is coming in, etc.

The Vehicle identification number helps the dealers to easily identify the vehicles. The software has all the information about the vehicles on its website, for instance, the vehicles that are in stock for a long time. The dealer can also identify the people who have tried to view the vehicles online and also obtain customer queries.

What are the features required in a dealership inventory management software?

1. Order management

This feature helps the dealer to maintain adequate inventory at all times. The system gives a warning when the stock drops down and helps in maintaining the stock efficiently.

2. Asset Tracking

This feature enables to know which vehicles are in the showroom, which is yet to be delivered and those which are sent to other car dealers.

3.Service Management

In the case of a workshop associated with the car dealers, It becomes necessary to identify the charges involved for the services which are added to the total cost of the vehicle.

Advantages of the inventory management software

  1. It helps in reducing the capital cost incurred in maintaining the stock in the showrooms.
  2. It ensures that stock is available every time there is a demand
  3. The inventory is well maintained
  4. Safety of the stock is ensured
  5. The loss due to obsolescence, deterioration is avoided
  6. The shipment of the stock is made easily
  7. Optimization of the inventory is achieved
  8. An automated system helps to save time as compared to the manual one
  9. Collection of data, maintaining documents, etc is done easily
  10. User rights are restricted only authorized users can assess the data.

Moiboo software

Moiboo software is a cloud-based software that has all the features of an inventory management software along with the accounting feature. So all the activities are integrated under one solution.

Features of Moiboo software

  • Digital agreements
  • Invoicing
  • Consignments
  • Profit per car
  • Multi-currency
  • Vehicle management
  • Purchases
  • Document management
  • Mobile App
  • Commission calculation
  • Accounting
  • Floor Credit management

Conclusion

An automated Inventory management software saves time and minimizes cost as compared to the manual system. 

for more details: Moiboo Software

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How to manage the rental business with car rental management software

car rental management software

Why do you need car rental management software?

Car rental management software helps in managing the car rental business in real-time. It helps both the operator and the customers who use the software to book their appointments and also manage their fleet.

Advantages of Car rental management software

Car rental management software not only helps in making online bookings but also gives information on the vehicles, service tracking, customer management, invoicing and integration with other interfaces, etc.

The admin staff needs to spend less time on daily activities and focus on activities that really matter.

The Fleet management feature helps the rental owner to keep a track of the service due dates, the arrival, and departure of vehicles. The fleet management feature helps the rental owner to know which vehicle has gone for rent and which is available for rent.

The software also helps to keep the vehicles well maintained. This ensures that there is no breakdown when the customer takes the car for rentals.  It reduces maintenance costs and also increases fleet utilization.

The staff are able to respond quickly to customer requests and since most of the activities are done online it makes the customer happy and he keeps coming to the same rental agency.

The software also helps in invoicing and billing, the invoices are created from the templates in the software to give a more professional look to the business.

The receipts and payments to the business are easily entered in the software and the reports generated show the true financial position of the business which helps the rental owner in making important investment decisions.

How to choose the software? 

A software that has all the features that are required to run the rental agency under one platform is required. Moiboo software is an online cloud-based car rental management software that helps the rental agency manage all its activities in one solution.

Features that benefit the rental agency

Rentals can be long term or short term. Long term rentals are usually opted by Corporates. These involve agreements that can be prepared digitally and also recurring invoices can be raised with reminders to remind on the due dates.

Fleet management can be easily done using the fleet feature, the in and out details of the fleet are recorded which helps the rental owner to easily plan.

The bookings for the rentals can be made online from the list available on the website with prices.

All the documents related to the vehicle and the rental can be maintained at the same place and data can be retrieved anytime required.

The receipts and payments to the rental agency are recorded using the accounting feature in the software.

Features in a Nutshell

  • Recurring invoices
  • Invoicing
  • Document management
  • Mobile App
  • Accounting
  • Fleet management
  • Vehicle management
  • Vendor management

Conclusion

Moiboo software is a cloud-based software so the cost of expensive hardware is avoided. The Mobile App feature in the software helps the rental owner to manage the business from anywhere.

For more details: Moiboo Software

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Auto Dealer Software Market

Auto Dealer Software market

The auto dealership is a business that sells new or used vehicles at a retail level based on a contractual agreement with the auto dealer and the buyer. Technological developments in the areas of sales tracking, inventory management, customer database management, commission calculations, etc. have led to the growth of the auto dealer software market. The auto dealers have adopted the auto dealer software to adapt itself to the technological advancements and stay ahead in competition with other auto dealers.

Division of the Auto dealer software market

The market is classified based on the type of software or region wise.

Based on the software type it is

  1. DSM Software
  2. CRM Software
  3. Marketing Software
  4. Other software

Region-wise the Auto dealer market is classified into

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle east
  6. Africa

The auto dealer software market is a huge market as the dealers look for an easy and efficient way to manage their business. They need software that can handle the day to day activities of the auto dealership.

Though there are many software solutions in the market you need a solution that gives all the features integrated into one platform. Moiboo auto dealer software is a cloud-based software customized for the auto dealer business. 

Features of Moiboo software

  1. Digital agreements
  2. Invoicing
  3. Consignments
  4. Profit per car
  5. Multi-currency
  6. Vehicle management
  7. Purchases
  8. Document management
  9. Mobile App
  10. Commission calculation
  11. Accounting
  12. Floor credit management

Advantages of Auto dealer software

  1. The software helps in managing the appointments and increases the sales through better management of the business
  2. It helps in easy management of the customer data. The service dates for the maintenance or the insurance due dates can be easily reminded to the customer.
  3. The software helps to build a good rapport with the customers.
  4. There is the transparency of reports in the software which helps in making important decisions
  5. The cloud-based feature and the mobile App feature helps the auto dealer to manage the business from anywhere.

Conclusion

The auto dealer software should carry all the aspects of the customer database. A complete backup of the previous transactions, the applicable due dates be it service due dates or insurance premium reminders the data should be available. The main advantage of the software is that it reduces manual labor and time taken for admin related activities. It is a boon to the dealership business.

for more details: Moiboo Software


How to optimize the dealership business using the Car dealer software?

Car dealer software is a dealership management system that has features that help in the operation of the dealership business. 

Benefits of car dealer software

The CRM feature in the software helps to assign leads to the salesman. This ensures that there is an equal and fair distribution of leads to the salesmen.

Having a CRM feature ensures that no leads are missed. Automatic updates can be received and the salesman can also closely follow up on the leads.

The car dealer software helps to maintain customer data and all the relevant documents pertaining to the vehicles and customers. Any information can be retrieved as and when required.

The agreements that need to be prepared between the buyer and the seller are done digitally without the use of paper. These documents can be saved on the cloud which reduced manual labor involved in maintaining the paperwork and also the space for storing this data.

The invoicing feature is also provided in the software which helps in preparing the invoices from the templates in the software to give a more professional look to the invoices.

The main challenge of a car dealership business is managing the inventory. The dealer has to maintain the vehicles that are in his showroom. He needs to keep a track of the vehicles which have been sold out and those which are there in the showroom.

The profit per car calculations can be easily carried out. Also, the expenses and payments are easily recorded to give the true financial position of the dealership business.

The car dealership business involves salesmen who help in selling cars to the customers. These salesmen work for commission. These calculations can be easily done using the software which otherwise is a cumbersome task every month.

How to choose the right software?

A car dealer opting for a car dealer software should have in mind the features that he requires to help in the functioning of the dealership business. The software should also be easy to use and the cost of the software should fit into the budget of the business.

Why choose Moiboo software?

Moiboo software is an ideal car dealer software as it has all the features that are required in the day to day activities of the business. It streamlines and automates all the functions of the car dealer business. 

The software has the following features

  1. Digital agreements
  2. Invoicing
  3. Consignments
  4. Profit per car
  5. Multi-currency
  6. Vehicle management
  7. Purchases
  8. Document management
  9. Mobile App
  10. Commission calculation
  11. Accounting
  12. Floor credit management

PRICING

The Moiboo software comes with three pricing plans

  • PLAN A – $2700 (Basic Plan)
  • PLAN B – $3600 (with inventory)
  • PLAN C – $ 5400(with inventory, consignment on sales, digital agreements, etc.)

Conclusion

The main task of the car dealer software is that it should eliminate all the manual tasks and automate the activities which generally consume a lot of time and labor. Moiboo software is the best solution for car dealers as it is easy to understand and has all the features that are required to run the car dealership business smoothly. The support and training facility for the Moiboo software is done at your doorstep. Using the right Car dealer software can help the dealer to stay at par with his competitors and also increase the customers to his business.

for more details, please visit our website: Moiboo Software

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How to manage and control mechanics using the Workshop Scheduling software

Workshop scheduling software helps with job management, scheduling of appointments, mechanics and inventory management.

How the workshop scheduling software help Workshops?

A workshop is a place where vehicles are repaired or maintained. Unless the workshop provides good service to its customers, they cannot be retained and also they will not refer new customers to the workshop.

The main task in a workshop is to take bookings for the repairs and maintenance. The mechanics need to be assigned vehicles. 

The workflow of a Workshop

As soon as the vehicle enters the workshop the owner prepares a job card with the list of activities to be done on the vehicle. The mechanics are then assigned the vehicles. The mechanics take charge and perform the activities mentioned in the job card and update once they finish.

There are some repair works which might be a huge replacement of a part. In such cases, the owner of the vehicle needs to be consulted and he needs to approve If the replacement needs to be done. The customer can approve over an SMS or email.

All the mechanics are assigned tasks without being overloaded. There might be cases where there might be a need for more than one mechanic for a particular job. The owner will be in a position to identify the mechanics who can be assigned a vehicle based on their job status and their specifications.

Most of the workshops have spare part stores along with the workshops. This helps the mechanics to get the parts for replacement in the workshops itself. They don’t have to go in search of the spare parts.

The documents relating to the vehicle and the customer can be stored in one place. The past history on the vehicle repairs or customer can be retrieved at any time desired.

Once the customer makes payment invoices need to be prepared for the payments as proof of the transaction. These are prepared digitally using the templates in the software to give a professional look to the invoices.

Once the vehicle is repaired, an automatic status update can be sent to the customer on the status of the vehicle and that it is ready to be picked up.

The spare parts are tracked and monitored and the stock is maintained properly so that there is no overbuying and spare parts are available when required.

The receipts and expenses need to be recorded to give a true financial position of the business to the owner.

Moiboo workshop scheduling software

Moiboo is an ideal workshop software that has all the features required for managing and controlling the functions of a workshop. The software helps the customers in booking their appointments from the website without having the need to physically go to the workshop to fix one. The mechanics can be easily assigned their tasks using the job card which also adds as a check to know that the jobs assigned to the mechanics are completed.

Features of the Moiboo software

  1. Job cards
  2. Invoicing
  3. Customer approval
  4. Mechanic Management
  5. Vehicle status alert
  6. Consumable management
  7. Purchase management
  8. Document management
  9. Mobile App
  10. Accounting

Pricing

Moiboo software comes with three plans

  • Plan A – 1800 (Basic plan)
  • Plan B – 3600(with inventory)
  • Plan C – 5400(with Job cards, commission calculation)

Conclusion

Workshop scheduling software automates the booking process and helps to maintain the mechanics effectively. The software serves as a profit engine for the business.

for more details, please visit our website: Moiboo Software

Get free demo: Click here

How a car rental system benefits the business of a car rental agency

Car rentals in Singapore

People in Singapore prefer to opt for car rentals than owning their own vehicles due to the cost perspective. Car rentals are usually taken by people on a daily basis by tourists or who have come for an official onsite project and long term rentals usually for weeks or months are opted by corporate companies. The payment to the car rental agencies is also based on the terms of the rental period. They can receive daily payments or payments on the completion of the rental period.

How should the Car rental system be?

The car rental system should be a combination of the reservation and information system. The rental system should be able to allow the customers to make their bookings online for the desired vehicle at the desired time. The information system should give in the information on the vehicles that are available for rent with the pricing. The arrival time and departure time of the vehicles should be displayed for tracking.

How does the car rental agency work?

Customers select the vehicle they require from the list of vehicles on the website along with the pricing. The customers can do their bookings online without visiting the rental agency or waiting in long queues. The rental agency gets a track of the vehicles it has for further rentals. This assures that there is no black day due to overbookings. 

Agreements need to be prepared for corporate companies between the rental owner and the corporate companies. These agreements can be prepared digitally without the use of paper. This saves time and the space of saving these documents manually.

Once the rental is done an invoice needs to be raised for the payment done by the customer. The invoice can be prepared from the templates which are already available in the software or create a new template based on the requirement of the business. Few fields can be auto-filled like the address, data, company logo, etc which add a more professional look to the invoices.

In the case of rentals, the vehicles need to be properly maintained so that the customer does not have any problem when he takes the vehicles for rentals. The customer should not face any downtown or breakdown of vehicles when he takes them on rent. The maintenance is carried out regularly for this cause.

All the documents and details pertaining to the vehicle or the customer are maintained efficiently. This helps in retrieving the data whenever required.

The payments to the drivers are easily ascertained as the log sheet for the travels is maintained in the software. The receipts and payments of the rental business are easily recorded in the software. The exact financial status of the business is known to the owner.

If the car rental system has a Mobile app it helps the rental owner to manage his business from anywhere without being restricted to one place.

Which car rental system to choose?

There are many car rental systems like fleetness, Rent pro, etc which have the features needed by a rental company. Moiboo is a software that has all the features related to the rental business along with accounting, fleet management all in one solution.

Features of Moiboo software

  •  Recurring invoices
  • Invoices
  • Fleet management
  • Document management
  • Vehicle management
  • Accounting
  • Mobile app.
  • Digital agreement

Conclusion

The car rental system proves a boon to the rental business as it provides a comprehensive system that automates and streamlines the activities of the business and helps the business grow.

For more details, please visit Our website: Moiboo Software

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Car Rental Reservation Software

The car rental business has been picking up from 2017 in Singapore. Car rentals are usually opted by people who are traveling or by those whose vehicles have been given on repair or those vehicles which are pending for insurance claims. 

What are the services offered by a rental company?

  1. Daily rentals usually opted by people who are traveling that is individuals
  2. Long term rentals which are opted by corporate companies
  3. Insurance of various types
  4. Towing services in case of accidents or any other events.

Advantages of using car rental reservation software?

The car rental reservation software provides the business with the following advantages;

The software helps a lot in managing the daily activities of the rental business. It provides an easy access to the online reservations and bookings of vehicles according to the requirement of the customer. The customers can get the information of the vehicles that are available for rent along with the prices which helps them make their choice conveniently. 

The car rental reservation software has its integration with payment gateways which allows the customers to easily make payments online.

The car rental reservation helps to manage the vehicles and keep track of the vehicles that have gone on rent and those which are available for further rentals.

All the customer data and documents can be stored in one place in the software. Any data of the customer can be retrieved at any point of time.

The billing and invoicing of the business can be recorded. The receipts and payments can be recorded and this helps in finding the true cash position of the business. This helps the rental owner to make decisions on future investments.

The software helps to manage sales. The customers can easily make their bookings instead of manually visiting the rental agency and book the vehicles of their choice. The software shows all the vehicles that are rented and in the park at the agency in a single dashboard. It is easy to manage sales and grow the business.

The car rental reservation software helps to let the owner know if the vehicles are completely booked if there are any days when the vehicles are overbooked and it also helps to track the drivers required for the travel. 

What are the features required in a car rental reservation software?

  • Bookings can be done at a single click
  • The sold-out day’s management to be done
  • The software should print reports and vouchers
  • There should a login separately for the agents and the customers
  • The software should hold discounts for recurring customers
  • Quotes preparation to be done easily
  • Multi-user access to be provided
  • Website holds all the data of the vehicles with pricing
  • Rental options ie, rental daily or weekly or monthly
  • Integration with payment gateways.
  • Mobile App to help the rental owner access the business from anywhere.

Which software to choose?

Moiboo software is a car rental reservation software that has all the features in one platform. It has all the features needed by a rental company to make the business easy.

Features of Moiboo software

  • Recurring invoices
  • Invoicing
  • Vehicle Management
  • Vendor management
  • Document management
  • Mobile App
  • Accounting
  • Digital agreements
  • Fleet management

Conclusion

The car rental reservation software helps in handling the bookings, managing the customers and sends the confirmation to the customers on the bookings through SMS.

for more details, please visit our website: Moiboo Software

Get Free Demo: Click here

How does inventory management software help the automobile industry?

Inventory Management Software

Inventory management software helps to manage the flow of materials. It optimizes the use of people and equipment. It helps to coordinate between departments and activities. This software is used to reduce the cost of stocking data unnecessarily. 

What features should an inventory management software have?

The software should tell the owner when he needs to purchase fresh stock. This helps the companies from going out of products when the demand arises.

The barcoding feature in the software helps to track the products with a serial number that helps the owner to track the items in the warehouse and keep a record.

A barcode reader looks upon the information on the products. This method helps to track the items using a barcode scanner rather than using expensive scanning hardware.

The inventory software helps in the optimization of inventory.

How does the Inventory management software help the automobile industry?

Workshop software

Most of the automobile workshops have spare part shops associated with them. With inventory management software, the workshop owner can keep a track of the spare parts left with him. The owner can make a choice of the spare parts to be purchased. This helps the workshop owner from overstocking or overbuying and this helps in reducing the costs.

Car dealer

In the case of a car dealer the inventory management system helps to keep a track of the vehicles that are in the showroom and those which have been gone on sale. This helps in reducing maintenance costs.

Car rentals

Car rentals are businesses who let their vehicles on hire. The inventory management software helps the rental agency to know which vehicles have been given on rent and those which are still available for rent. With the help of this software, the details of the fleet are shown in the dashboard which helps the customers to make the choice of their vehicle at the desired time.

Spare part dealer

 A spare part dealer uses the barcoding feature to initiate a serial number billing on the spare parts. The dealer can identify the spare parts stock easily and also decide on what parts to be purchased.

Advantages of Inventory Management software

  • The inventory management software helps to reduce the cost of maintaining the warehouses and also the manual labor involved in tracking the same.
  • The automation of the inventory tracking process makes it efficient in automatically collect data, make the calculation and record data.
  • The use of the warehouses can be optimized with the inventory software. The products can be arranged based on their demand for easy delivery.
  • The owners can have updated data of the inventory which helps them to plan for future investments.
  • Tracking which products come in, from which supplier and the length of the time they are in stock can all be easily found out with this software.
  • The owners can integrate their software with other software like the accounting software. So the management can easily track the flow of supplies and products and also generate necessary reports.

Conclusion

Tracking inventory is an important task in any business. With the help of the inventory management software, the business owners can track and collect data and also generate reports. 

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for more details, please visit our website: Moiboo Software

How car rental software helps in vehicle management and bookings?

car rental software

What should a car rental software do?

Accept online reservations and payments which in turn increases your customers. The customers have a hassle-free experience by automating the bookings process and since the software has integrations with payment gateways, the payments can be made online without making the customers wait for long hours. car rental software helps to increase the profit and work productivity.

It improves your fleet management wherein all the data is maintained in the software. The rental agency does not require administrative staff or messy sheets for recording the data. The rental agency can easily manage the repairs and finances of the fleet.

The invoicing, document management, agreements can all be done digitally without the use of paper. This saves both time and paper and also the need for hiring staff for maintaining the documents manually.

The software should also be capable of recording all the receipts and payments which will in turn help in finding out the true cash position of the business.

Advantages of using car rental software

The car rental software has features that can make the day to day operations of the rental agency easy.

The software can immediately tell the vehicles that are available and which are not.

It saves time and helps the rental agency stay organized.

The software can send customers receipts and invoices automatically and also automates the booking process.

It keeps a track of the dates of the bookings which avoids confusion and automates the sales process.

The cloud-based feature helps to be installed anywhere without huge investment on hardware.

The mobile App feature of the software helps the rental agency to manage its business from anywhere.

Which software to choose?

Car rental business is a fast-developing business. Rental business can be a short term that is a daily rental or a long term rental which is mainly opted by corporate companies. The payment also will be long or short term based on the rental opted. The rentals are usually opted by people who have given their vehicles for repair or awaiting for insurance claims or by those who are travelling. Moiboo software is a car rental software that has all the features that are required to run the car rental business successfully. Moiboo software helps to make the rental business a profitable business.

Features of Moiboo software

  • Recurring Invoices
  • Invoices
  • Vehicle management
  • Vendor management
  • Document management
  • Mobile App
  • Accounting
  • Digital agreements
  • Fleet management

Conclusion

Moiboo software will help to train and support your team at the doorstep. It handles the bookings, sending alerts, managing customers, vehicle management etc.

for more details, please visit our website: Moiboo Software

Get Free Demo: Chat with our consultant

How the Government Grants help the business in Singapore?

How the Government Grants help the business in Singapore

Singapore is a business-friendly system due to the grants and incentives are available for the companies to grow their business.

There are six major grants and incentives that the companies can opt for;

1. Productivity Solutions Grant

Productivity Solutions Grant came into effect in April 2018. The PSG grant funds up to 70% of the cost for qualifying activities under the retail, food, logistics, Engineering, wholesale, Construction, Landscaping etc.

It is used by businesses to support the use of solutions in financial management, inventory tracking, customer management, data analytics etc.

The PSG grant supports small businesses by making funds available to them for upgrading their business. 

2. Enterprise Development Grant

  • This grant supports the Singapore business in the areas of
  • Market and business development
  • Innovation and productivity
  • Core functions and capability

To qualify the business must be a local company registered in Singapore having at least 30% of the local shareholding and having an annual turnover of $100 Million or having at least 200 employees.

The Grant offers up to 70% of funding support. This grant helps new business explore innovative production. It helps in making the business a profitable venture, it helps the business enjoy higher savings during the first few years of its establishment.

3. PACT

This Grant aims at enhancing collaboration between large multinationals and local companies. This grant encourages small and medium-sized businesses to partner with each other to facilitate business innovation and growth. The grant funds 70% for SME and 50% for non-SME.

The companies need not restrict themselves. The small businesses can benefit from the networking and experience of the larger companies. 

The larger companies that act as the lead companies need to be registered in Singapore and the smaller companies can be either local or foreign companies. 

4. Double tax deduction for Internationalization

It encourages businesses to move towards international expansion and internationalization. The businesses are entitled to a 200% tax deduction up to $150,000 on expenses for these activities.

The activities are limited to the following;

  1. Overseas business trips
  2. Overseas trade fairs
  3. Market surveys
  4. Investment feasibility
  5. Expenses of Singaporean staff.

This grant helps to reduce the tax burden of the companies and make the businesses have more money in their hands.

5. Market Readiness Assistance Grant

This Grant was established to access overseas opportunities. The Grant provides 70% support.

It helps in the following areas;

  • Market set up overseas.
  • Identifying partners, licenses, agents etc.
  • Market promotion

The headquarters of the company should be in Singapore with an annual turnover of 100 million or 200 employees.

IT helps the business to expand internationally. 

6. Venture Debt Programme

 This government grants help the companies to access loans up to $5million for project financing, asset financing and acquisition purposes. This grant helps the business to set up and expand their business. This grant was initiated for small Singaporean businesses to be eligible for a loan. The requirement is 30% local ownership and less than 200 employees.

Conclusion

The grants and incentives provided by the Government make Singapore a business-friendly regime. The new grants are targeted towards specific needs of Singapore business.

For more details, please visit our website: Moiboo Software

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