The lifespan of a car is on average 15 years from production to discard. During this period, the car may be financed several times starting with the dealer’s showroom followed by new car leasing, fleet management or loans and finally used car financing. Banqsoft’s software suites of products support complete life-cycle financing of cars and commercial vehicles.

BASIC FEATURES

All products can be configured based on a wide range of parameters, such as:

• Interest methods
• Repayment methods – annuity, straight-line amortization or flexible
• Fee handling
• Handling of changes in the payment plan such as payment free periods or flexible payment plan
• Period length
• Invoicing, pre-collection and collection
• Invoicing methods –paper, e-mail and e-invoice
• Regular and penalty interest settings
  
  

Products

LEASING

The leasing module covers operational, financial and hybrid financing forms. Products and services as insurance, service, tyres and fuel cards can be added to the leasing contract. The pricing is dynamic and can be risk-based with support for cost/profit split and commission/subsidy handling. 

LOAN

A loan can be tailored to meet most car financing requirements, such as flexi loans with or without a balloon at the end of the term. The loan can be divided into multiple periods with individual terms and conditions.

FLEET MANAGEMENT

The fleet management module gives the finance company the possibility to offer its customers management of the car fleet. The services includes:

• Fleet framework agreements
• Efficient administration of all types of fleet costs 
• The option to offer one fleet invoice per month and customer
• Support for car benefit values
• Handling of fuel cards and fuel benefit values
• Monthly salary report
• Fleet reports online
• Vehicle ordering process
• Employee benefits
• Tax handling
• Service and repair management
• Short term car rental
• Management of non financed cars
• Cost and deviation reporting
• Statistics
• Drivers pages and more

DEALER SOLUTIONS

Banqsoft’s web-portals for dealers gives the partners a minimum effort way of submitting applications. Partners may get instant overview of the porfolio, such as financed volume per product, invoice status, 
payments, commissions due, loan and leasing calculators etc. 

FLOOR PLANNING

Banqsoft’s floorplanning module supports the car dealer’s need for financing of demo cars, new and used cars in stock. It increases business and contributes to dealer loyalty. The solution has the 
following main characteristics:

• Handling of high credit volumes with minimal staff. Dealers do the job through a user friendly self-service portal. 
• Electronic transaction flow
• Full individual asset control
• Full cash flow monitoring minimizing external bak transactions (netting)
• Pricing and price programs
• Subsidy handling
• Support different business models such as consignment and wholesale.