Transforming businesses for improved performance

Information Technology has re-engineered the business processes adding efficiency alongside contributing to the organizational competitiveness. It has made things swift and easier not only for the companies but the customers as well. All kinds of software are now available aiding in rapid decision making, and auto finance software is one of the kinds which have made life easier for all stakeholders.

In the case of vehicles, a buyer searches a lot of information regarding the vehicle, the options available, the technical details, warranty, safety features, etc.  And one thing that supersedes all is the finance option availability and the features of the same. On the other side, the automobile company or the organization offering funding needs to have the requirement of the quicker loan process, easy availability of information regarding the accounting receivables and a proper management of the collection process. The auto finance software supports the need of both the ends equally well.

The software empowers the companies with the technology, providing data on the click of the mouse and augmenting the customer service experience in a better way. The auto finance software makes the complex calculations easier and accurate while ensuring proper legal and regulatory compliance and maintaining a lower risk profile of the business as a whole. The entire manual process prone to human errors gets replaced by this perfect and flawless software.

Finance is integral in any business, has no scope for any error or omission regarding calculations. Human mistakes can have drastic and long-term consequence. Auto finance software processes all calculations, make information easily accessible and provides timely alerts. This software is designed and created by industry experts so each and every provision inbuilt in the software. Simplifying business operations, reducing cycle time, fastens new vehicle finance products launches and ultimately offering coherent integration of various systems in the organization.  It can be easily scaled up to support future business growth requirements.

Some of the features of such software are:

• Multiple loan products support
• Handling of proposal cancellations
• Prepayment or deferred payment of installations
• Agency commission payout calculations
• Taxation Management
• Managing leases
• Fleet financing
• Recovery status
• NPA Management
• Estimate focusing on Risk absorption and much more.

Further, this software is open for customization as per individual organization’s demands, and proper operational training of the software is given to each and every employee. The software developers also provide offline, online and on-site support to resolve queries or complaints regarding it.