RFC

Purchase and Transfer Notes
Setting up a related finance company for your dealership doesn’t have to be complicated. Our comprehensive RFC module gives you all the technology tools you need to run and manage  your finance company including the ability to purchase loans from third-party dealerships and/or transfer them from your related dealership.

Power and Flexibility
Automatically discount notes by preset percentage, create discounted receivable and earned discount, track principal, interest, and earned discount, setup a recovery company to track off-balance-sheet loans, view receivable reports, and more with the RFC module.

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Product Description

The RFC module makes it possible to seamlessly transfer notes to your finance company and/or purchase loans from third party dealerships. Notes are automatically discounted by percentage, which helps you save time, eliminate redundancy, and reduce data entry errors.  You can also apply payments taken from any location, track delinquent accounts, apply corresponding late fees, and more.

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