There are many components to consider when reviewing applications in purchase financing. The Wholesale middle office solution facilitates the decision-making process and the final approval of applications for capital goods or vehicles of all common variants.
Cockpit and dashboards for ideal control of all activities
Freely configurable dashboards ensure ideal distribution and control of tasks within the back office. Users are only shown the processes that are relevant to them based on certain criteria (e.g. skills) or have a high priority.
Automatic decision-making via stop and knock-out criteria
An automatic decision on an application is made on the basis of the available data and can be viewed online by the business partners involved. The criteria for the credit decision can be defined by the financial service provider. They can define stop and knock-out criteria, for example if the submitted financing amount deviates too much from the collateral valuation. The system checks all decision rules for the release of the property financing amount within the limits granted.
Limit check and nightly reprocessing
A key criterion for the decision on the financing request is the check of the applicant's limit. Here too, the system also checks overarching limits, such as for specific manufacturers or borrower units.
Document review
The document portal enables the review and, if necessary, correction and adjustment of submitted documents in digital form. Any subsequent claims can be automatically communicated directly to the customer in definable deadlines and handled via the system.
Invoice verification
By using the OCR service, uploaded property invoices can be automatically read and compared with the retailer's data.
Logging of decision history
The decision history is logged precisely and therefore meets the requirements for the traceability of credit decisions in accordance with regulatory requirements.
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.
