Wholesale Finance

Tailored processes for asset and product selection, application, approval and management of wholesale financing (including inventory financing / factoring) are provided via the module group Wholesale Finance, enabling automated mapping of the entire process chain of the wholesale financing asset contract, from creation to completion. The services portfolio ranges from selection of the asset to be financed, flexible selection of individually tailored repayment schedules (interest rate premiums, subject to interest), capturing of the required data budget with appropriate validation checks, automated search for information, scoring, generation of automatic or manual credit decisions via workflow-supported credit processing and disbursement, through to contract administration and accounting. The framework contracts of the business partners involved include all settings, such as limits granted and their response rates, base interest rates, ratings based on quantitative and qualitative criteria and much more.

Services Wholesale Finance

  • Application for wholesale finance stating the asset (possibly with the help of the catalogue function) as well as selection of the financial product (repayment schedule) either via the web-based application component or as a serial application via the standard interface
  • Automatic assessment of the application within seconds with regard to double financing and asset or collateral evaluation, determining the financing amount, taking into account discount factors, collateral value and the specific credit limit
  • Automatic and if necessary manual decision taking into account customer-specific stop and knock-out criteria with exact logging of the decision history
  • Workflow-based credit processing with defined test steps up to activation of the contract and execution of payments
  • Partner management: capturing of partners, awarding of the credit limit and the individual conditions depending on the rating, maintenance of payment accounts and method of payment, determining the authorised depositories of collaterals etc.
  • Condition maintenance: the afb Credit Management Solution (afb-CMS) supports any customisable repayment plans with determination of intervals and timing of repayments, the amount of the repayments as a percentage or amount, specifying the subject to interest and the type and amount of the interest rate premium, discount factors for type and age of asset etc.

 

Advantages at a glance

  • Integrated system: afb-CMS covers the entire life cycle of the contract in an integrated system – from proposal to termination of contract.
  • Free choice of distribution channels: with the solution, financial services providers are present in all B2B sales channels. Manufacturers/importers, cooperation and trading partners can be addressed as borrowers with tailored conditions.
  • Increasing competitiveness: in addition to the immediate financing transaction, wholesale finance also has a sales function for financial services providers. That is because whosoever finances the stock is generally also the preferred business partner in arranging retail financing.
  • Settlement of payment transactions: automatic settlement of payment transactions (netting) between retail and wholesale financing is possible.
  • High degree of automation: with afb-CMS, our customers operate their wholesale financing business at the highest level of automation. It is designed for high-volume, standardised processes, quick decisions and automated handling of contractual management.

 

  • Integration with manufacturers: the module group integrates the systems of business partners and automates wholesale financing and factoring processes to a large extent in the interaction between manufacturers, retailers and financial services providers.
  • Flexible financial products for different types of business: the solution provides the opportunity for wholesale finance to offer flexible financial products for specific business areas.
  • For different asset groups: afb-CMS offers the possibility of financing transactions for any asset groups (e.g. vehicle, equipment).
  • Close interaction with Collateral Management: afb-CMS verifies in line with activation and contract period, whether according to the rules set necessary collaterals, such as registration documents, mortgage entries, mortgages, cessions of life insurance policies, etc. are created and linked to general and object contracts.

 

For more information, please contact us

'Entering vehicle wholesale and retail finance is an important element of our growth strategy. For this we need a powerful, reliable system that can reflect the complexity of our market entry. With afb as a competent partner on our side, we feel well prepared for the future'.

'After a decade of experience, we have established sustainability for our IT landscape through the extension of afb-CMS'.

'The afb consulting teams were very professional, both in terms of business, i.e. processes and organisation, as well as in terms of IT. We were very pleased with the training videos specially created for our users. With afb-CMS we have found the ideal solution, which afb has adapted perfectly to our specific needs as part of the project'.
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