In the automotive sector, following a positive credit decision for sales financing, trading partners require additional liquidity to order the vehicle or replace it from existing wholesale or retail financing. In special cases, the trading partner would still leave the vehicle in wholesale financing, but requires the motor vehicle registration certificate for pre-sale processing of this vehicle.
The module group Preliminary Payment provides submitters (trading partners) with customised processes for application, approval and settlement of preliminary payments for a financing object based on a positive credit decision for retail financing of this asset. The services portfolio ranges from complete data transfer of the authorised retail financing request, flexible selection of individually tailored repayment schedules, capturing of the required data management with appropriate plausibility checks, automated inquiry of information, generating automatic or manual credit decisions via workflow-supported credit processing and payment, to contract administration and accounting. The basic agreement of the business partner involved includes all settings, such as limits granted and their response rates, base interest rates, ratings based on quantitative and qualitative criteria and much more.