The Equipment Back Office solution offers comprehensive contract management and accounting functions for all business transactions that may occur over time in the context of sales financing. Depending on the customer constellation and form of financing, asset accounting (for leasing transactions) and financial accounting can also be realized within this framework - as an alternative to transfer to an existing general ledger.
Dedicated process for contract changes (financial, non-financial)
Changes during the contract term, such as extensions or reductions, removal or termination of services, deferral or transfer to another customer, can be easily initiated and checked. An abbreviated decision policy automatically checks whether the contract amendment can be approved.
Cancellation option for changes or business transactions already carried out
Every business transaction carried out in the system can be canceled or reversed. The system automatically decides how the initial situation can be restored, depending on any subsequent processing that has already been carried out.
Individual charts of accounts and automated posting
Individual charts of accounts and functionalities for the automated posting of all contract-related income and expenses, receipts and payments as well as deposits and disbursements ensure complete contract accounting.
Automation of payment transactions
The solution enables the automated processing of incoming and outgoing payment transactions and receivables management.
Standard integrations to general ledger or group accounting systems
All necessary contract accounting information is transferred to the financial accounting and cost accounting of the general ledger and, if desired, to group accounting. Interfaces to various existing systems on the market are available for this purpose.
Automated KYC monitoring of all business partners involved in the contract
The solution ensures that all partners involved in the transaction are also GWG-compliant during the term of the contract. To this end, subsequent notifications are processed regularly and the entire inventory is screened.
Interfaces for accounting, reporting and payment transactions
External systems for accounting, reporting and payment transactions are integrated via standardized interfaces. This enables fully automated payment transactions and, among other things, the transfer of contract accounting postings enriched with additional information (at least daily) to the general ledger or the provision of information for reporting and controlling.
Asset accounting for the leasing area
Asset accounting is provided or integrated for the leasing area.
The CMS covers the entire life cycle from the preparation of the offer to the termination of the contract in one integrated system.
The modular structure gives our customers the freedom to implement the complete solution or only selected modules.
The system unleashes the full potential of all sales channels: be it lending in the branch, in the call center, with the intermediary, in the sales force (B2B) or in direct lending to consumers (B2C) via the company's own website, financial portals or web stores.
The CMS enables private and commercial sales financing via all financing products (credit, leasing) for any object group (vehicle, small ticket, equipment, cash credit, etc.).
The CMS makes lending decisions according to the criteria and rules individually defined by the financial services provider. This ensures compliance with standardized and centralized lending guidelines and regulatory requirements at all times.
