Whether you are a financial services provider or a manufacturer/importer looking to simplify the application process for purchase financing, the Wholesale Front Office solution covers all relevant aspects of the application process for all types of capital goods and all common vehicle variants.
Selection of suitable repayment plans
The purchase financing is repaid via so-called repayment plans, which can be parameterized completely flexibly by the financial service provider. The interest can be freely allocated to different parties involved. For example, it is possible for the manufacturer to pay the interest for the first 90 days of the purchase financing. Interest-free periods in the form of seasonal models are also possible, as is common in some industries, as well as any discount factors.
Consideration of specific retail structures
The solution allows the formation of branch networks in which the company controls the purchase financing of all associated branches. Top retailers can also be granted special conditions across the board.
Implementation of serial application procedures
A standard interface in XML format is available for applying for multiple, often identical properties, for example from a dealer management system. This describes the required data for the object, product and applicant. For manufacturers/importers, individual interfaces can also be provided for serial applications.
Insight into limits
The retailer making the application is shown transparently how much of their approved credit line has been used. In this way, he knows immediately whether he can provide further purchase financing or whether he must first redeem existing financing.
Integration of partners
All business partners involved in the process are created and managed in the partner management area. These are submitters and their employees, borrowers and depositories for any collateral.
Rating process
Before a borrower submits property-related applications, they are subjected to a rating process and assessed on the basis of their company key figures. On the basis of qualitative and quantitative characteristics, such as balance sheet ratios, the partner company can be granted a credit limit with corresponding conditions.
The entire life cycle of purchase financing, from quotation preparation to contract termination, is mapped in an end-to-end digital system.
Financial service providers are present in all B2B sales channels with a digital solution. Manufacturers/importers, cooperation and trading partners can be addressed as borrowers with customized conditions.
In conjunction with sales financing, automatic netting of payment transactions between sales and purchase financing is possible.
Modern procurement financing is possible at the highest level of automation with high volumes, standardized processes, quick decisions and automated processing of contract management.
In the interaction between manufacturers, retailers and financial service providers, the module group integrates the systems of all business partners and thus automates the purchase financing and factoring processes to a particularly high degree.
Purchase financing with flexible financial products for specific business types and all common object groups (e.g. vehicle, equipment) are mapped consistently.
Upon activation and during the term of the contract, a check is carried out to ensure that all collateral required in accordance with the established rules, such as vehicle titles, land charge entries, mortgages, life insurance assignments, etc., has been created and linked to the framework and property contracts.
