This next-generation finance application offers a common automotive receivables business platform for automotive captives and other financial services organizations with large portfolios of auto loans and leases. Competitive products supported include dealer loans, direct loans, lines of credit, finance leases, operating leases, securitized loan pools and private label lending.

Operating Yields Considerable Savings

• Data management
• System operations, maintenance and support
• Staff training
• Customer service handling
• Lease-to-loan conversions upon termination
• Communications with dealers, customers and staff via seamless interaction with core systems, intranet and Internet systems

Activating Yields Competitive Advantages

• Expanded lease product portfolios
• Accounting methods and fee assessments adaptive to differing regulations
• Customized service to customers and dealers (e.g. private label lending)
• Efficient end-of-term remarketing
• Automated reporting tools that deliver progress reports on key performance indicators (purchases, repossessions, terminations, delinquencies, late charges and bankruptcies)

Benefits

• Private Label Support – allows lenders to process and service loans under another organization's name.
• Search Capabilities – performs comprehensive vehicle and dealer searches to verify name, address, vehicle identification number (VIN), tax identification, payment amount, past-due amount, historical payment account, dealer history and dealer reserve.
• Automotive Collateral Tracking – finds vital information about a vehicle beyond make, model and year to include vehicle identification number, color, body style, original and wholesale values, mileage and title status.
• Subvention – supports dealer buydowns, rate concessions, promotional rate programs and other special financing offers.
• Delinquency Management – automates past-due payments, repossessions, bankruptcies and charge-offs - allowing data input and tracking.
• Terminations – supports end-of-term processing, including voluntary early termination, inspections, fee assessment and collection, and used vehicle accounting for terminated leases and repossessed vehicles.
• Dealer Accounting – tracks dealer reserve (with and without recourse), guarantees, service policies, history, branch and dealer splits, dealer adjustments, chargebacks and dealer electronic funds transfer.

Features

ALS Automotive Finance uses a highly configurable technology and distinctive, modular construction that supports a fully integrated accounting and service system. Features include vital revenue drivers -including support for insurance offerings and customized fee definitions - as well as automated backdating and other proactive customer relations tools.

ALS Automotive Finance's functions are tailored to the auto finance industry. Along with specialized consumer lending considerations, integrating leasing support is especially timely with the surging popularity of retail leasing as an auto finance product. The software incorporates important lease accounting elements and data fields related to tax administration, depreciation schedules and lease-specific fees.

A Presentation Layer for ALS Automotive Finance

Thanks to thin-client technology, users can now access the system in a user-friendly environment and eliminate the re-engineering of workstations and redeployment of software. The application also reduces training time and cost.

For more information view or download the “Automotive Finance Presentation Layer” brochure in the Quick Links above.