ALFA Systems for Vendor Finance
CHP Consulting's specialist industry knowledge means that ALFA has been developed to satisfy all the key vendor financing issues.
Managing Relationships
ALFA provides formal and finely detailed controls, and simple ways to record and manage the many forms that vendor relationships can take:
- Disclosed or undisclosed agencies
- Financier bills vendor, vendor bills customer
- Financier bills in the name of the vendor
- Joint venture companies with transparent sharing of risks and rewards
Maximising Profit
ALFA provides a flexible configurable framework to encapsulate vendor relationships. User maintained financial products can be tailored to individual vendor needs, allowing the lessor to encapsulate the changing needs of the vendor in real time. New financial products, or changes to existing financial products can be setup in ALFA very quickly to reflect any changes in terms and conditions. This allows a 'first to market' approach to be adopted, where the lessor's operations can be aligned to and support the sales strategy.
Managing Risks
ALFA records exposure to the vendor and underlying assets by:
- Regulating drawdown against programme limits
- Monitoring financial exposure where the vendor is taking recourse
- Ensuring no over-exposure to a particular asset class
- Examining end-of-term support via buybacks or guaranteed residual values
ALFA also supports a review process for vendors to help manage the lifecycle of the vendor relationship and minimise risks.
Flexibility Built-In
Changes in the financial market mean that ALFA is constantly evolving. CHP makes sure that ours remains the solution of choice for the vendor finance industry – a solution that supports all your business transactions and processes.
ALFA Features for Vendor Finance
Front Office
-
Sales Support
- Marketing/Prospecting
- Contact Management
- Document Production
- Salesperson Diary
-
Quotations
- Vehicle Data
- Dealer-Based POS
- Dealer T&C's
- Product Comparators
- Rules Based Products
- Commission Calculations
- Integration to Credit Decisions
- Communication Channels
- Cash-Flow Calculation
- Financial Modelling
- Quotation/Proposal Tracking
- Management Information
-
Credit/Risk Management
- Parameterised Score Cards
- Links to Bureau
- Credit History
Middle Office
-
Contract Acquisition
- Contract Validation
- Contract Activation
- Document Production
- Communication Channels
- Supplier Payouts
- Early Payout
- Self Billing Invoices
- HPI Registration
- Contra Settlements
- Quick Address
- Bank Wizard
- AUDDIS
-
Commissions and Subsidies
- Commission Schemes
- Volume-Related Bonus Schemes
- Dealer Group Calculations
- Multiple Calculation Methods
- Advance Commissions
- Manufacturer Subsidies
- Split secondary rentals, customer pays rental to lessor, lessor pays percentage to vendor
Back Office
-
Billing and Invoicing
- Individual or Consolidated
- Configurable Period/Date
- Multiple Payment Methods
- Ad-hoc Invoices
- Recharges
- Full BACS Integration
- Automated Unpaids
- Annual VAT Invoicing
- Maintenance
-
Early Settlements
- Multiple Calculation Methods
- CCA Terminations
- Contra Settlements
- Automated Settlements
- Commission Clawbacks
- Write Off/Refund Tolerances
- Over/Under Mileage
-
Collections/Litigation
- Configurable Workflow
- Payment Plans
- Automated Documents
- PDQ Payments
- Overdue Interest Calculations
- Fraud Validation
-
Financial Amendments
- Due Date Changes
- Contract Reschedules
- Refinance Options
- Add or Remove VAPs
-
End of Contract
- Configurable Workflow
- Document Production
- Vehicle Disposals
- Vehicle Valuations
- Re-solicitation
- HPI De-Registration
- Write-Off/Refund Tolerances
-
Administration
- Registration Plate Changes
- Third Party Administration
- Insurance Claims
- Insurance Renewals
- Admin and Reporting
- Contract Novations
- Collateral Substitution
- Quick Address
- Bank Wizard
- AUDDIS
- Dual Interest
-
Fee Income
- Scheduled or Ad-Hoc
- Integration to Document Production
- Flat or Calculated Amounts
- Different Due Date