AutoStar Fusion > Finance Company

The Finance Company module allows you to set up a separate company as a finance company. Under this module, companies have the ability to purchase loans from their own related entities electronically, thereby reducing manual data entry and possible errors. This module also allows you to purchase loans from third-party dealerships. It will enhance your operations by providing these capabilities:

Power:

• Automatically discounts notes by preset percentage.
• Creates discounted receivable and earned discount.
• Tracks principal, interest, and earned discount.
• Allows the set-up of a recovery company to track off-balance-sheet loans.

Convenience:

• Creates finance company receivable reports.

Efficiency:

• Seamlessly transfers notes generated in the sale company to the finance company.
• Allows the data imported into the finance company to be filtered by extensive criteria.

Accuracy:

• Correctly applies payments taken at any location.