Autostar’s Notes Receivable module provides a seamless way to manage your
receivables. This is where you electronically track account activity on regular and
irregular loans, view payment history, manage your cash, and monitor and track
delinquency.
Powerful and easy-to-use, the Notes Receivable module will help your business
improve collections.
This module enhances your operations by providing these capabilities:

Flexibility:
• Supports BHPH by company and lot.

Power:
• Offers powerful payment processing ability, which alerts you to payment due dates, adds late
fees, prints payment receipts, and allows you to make contract changes such as posting bad checks, adjusting balances, and exempting late fees.
• Processes miscellaneous receipts and disbursements.
• Provides for reconciling your cash drawer correctly and efficiently and creates a helpful Reconciliation Report. Allows daily cash reconciliation to be performed by company, lot, or user.
• Provides full processing of all your repossession information. Allows you to flag a car for repossession, assign a repo agent, block payments for repossessed vehicles, put the vehicle into bad debt status, write off the vehicle, and dispose of the collateral in your accounting records. Also allows you to accelerate the balance and apply the repo proceeds.
• Helps you analyze customer accounts by showing the customer’s high credit, date sold, interest paid, due payments, and remaining payments on one screen.
• Provides static pool reporting. Allows you to measure and predict the effect of vehicle loan performance on a loan portfolio. Can be used to evaluate just about any type of loan pool performance, regardless of the underlying characteristics of the loans in the pool. This analysis can help you detect underlying trends on loan performance.

Security:
• Allows account locking.
• Automatically logs user activity.
• Displays account tags that alert cashiers to important information about a customer’s account.

Efficiency:
• Streamlines payment-taking process by maintaining your notes receivable in one place. Allows you to create and buy notes as well as track notes, repossessions, and adjustments. In addition, helps you maintain accurate accounting by performing daily and monthly updates of notes receivable. Tracks payments to wholesale, cash, and outside finance deals as well as pickup payments.
• Helps you keep your customer collections on track and profitable with collection management features that allow you to record customer contact information and collection call results.
• Prints payment receipts.

Accuracy:
• Calculates payoffs.
• Traces interest and principal on payments.
• Calculates late fees.
• Provides real-time delinquency, recency and aging data on all active receivables.
• Allows you to add and track promise to pay dates and amounts as well as track a customers’ PTP history.
• Tracks cash in deal.
• Tracks bad debts.

Convenience:
• Allows you to easily generate payment books, payment notices, and late notices according to a pre-defined schedule.
• Allows you to make contract adjustments, such as NSFs and payment reversals. You can also change payment due dates and defer delinquent dollars to the end of a note.
• Creates and prints receivable reports.
• Assigns user-defined account tags.
• Provides loan discount reports.
• Prints collection letters with mail merge, allowing you to easily import letters from your word processor and merge with Autostar customer addresses.