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Retailers, particularly car dealers, require substantial financing for their day-to-day business. afb Wholesale Financing gives banks a convenient tool and tailor-made financial products to meet dealers’ needs. Banks are also provided with an additional sales option as part of the integrated wholesale financing solution.
The afb Credit Management Solution maps all existing IT processes and data structures in one integrated system and so reduces the need for manual intervention to a minimum.
Dealers benefit from a convenient web-based application system. First, the wholesale financing partner is rated and the credit limit is set with the relevant financial plans. All of the processes involved in rating, evaluation, decision-making and limit setting are performed automatically by the afb system according to the bank’s specifications. The dealer can then select repayment plans for the resulting object-related wholesale financing applications and submit applications within the limits defined. Automated checking and decision-making processes mean that the application can be assessed in a matter of minutes.
The afb Credit Management Solution can also carry out contract management for the wholesale financing business if required.
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