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Consumer Finance System (CFS) |
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Introduction: |
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CFS is ideal for vehicle financing; wherein the customer repays the due amount in installments. The system keeps track of all installments (principal amount & interest amount), payments made, balance amount etc. CFS Supports early settlement of loans, rescheduling, automatic generation of warning letters etc |
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Benefits : |
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CFS provides connection and data export from Credit Institutions. Combine this with CFS's centralized and integrated database, to give you most accurate and up-to-date credit rating and status of your credit and loan applicants.
Being built specifically for automotive sales financing, CFS has incorporate years of business know-how in this area to arrive at most optimized workflow and automation of the consumer finance process. This is such as built-in integration with all other modules of the system.
CFS has a lot of electronic tools to make your very easy and efficient. In CFS, you scan all customer documents and store them in the system. You have online credit approval functionality, intelligent bill collector module that identifies targets & commissions for collectors, and a nice tool to convert payments into PDC (post dated checks) |
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Key Features : |
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- Supports Vehicles as well as other type of financing activities. |
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- Central Consumer database. |
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- Importing external credit data. |
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- Bill collector module. |
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- Credit Approval Workflow. |
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- Role 78 been incorporated |
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- Automatic Early settlement …etc. |
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