If you’re looking for ways to enhance your existing floorplan finance offering, IDS floorplan finance-specific software can take your lending operation to new heights.
Here are 5 benefits and improvements a floorplan finance platform can bring:
- Customer service – providing a dealer and supplier self-service portal can deliver the right level of customer self-service balanced with optimizing your operational efficiency. You can reduce your administrative burden by allowing dealers and suppliers to initiate funding, make payments, manage their account, and access key data from one dashboard.
- Operational efficiency – customizable workflows should allow you to focus on what’s important while providing a holistic view of dealer performance.
- Reporting – deep, meaningful access to all operational data is a key benefit of using a focused software solution. Data, including all historical data, should be available to each user through a variety of means, including standard and customizable reports.
- Comprehensive risk management – key risk items should be prioritized with an automated, rules-based collection workflow and user-driven watch list, whilst also watching for additional risk factors such as supplier repurchase, product type, and inventory condition.
- Credit underwriting – Whether you are spreading and analyzing dealer business and personal financial statements or tracking and managing loan conditions, or the expiration of collateral and insurance, your floorplan finance software should provide the underwriting tools you need to run your business.
Based on White Clarke Group’s CALMS Compass technology, IDS Floorplan is highly configurable for maximum automation, with a 360o view of your business from the portfolio level to the individual dealer. It features strong risk management, full credit line flexibility, trend analyses and forecasting data, intuitive processes, and ease of implementation.
Enjoy feature-rich, highly efficient “out-of-the-box,” regulatory-compliant functionality with all the power of an integrated 24/7 solution to support a successful floorplan finance line of business.
In addition to all the benefits IDS Floorplan provides, it is the easiest system implementation the bank will ever experience: go from decision to live in less than 90 days with minimal bank IT resource involvement.
Read more and find out how we can help you take your floorplan lending to the next level.