NFS Ascent – Wholesale Finance Solution
The Ascent Wholesale Finance Solution (WFS) provides a powerful, seamless and efficient system for automating and managing the entire life cycle of wholesale finance. With floor planning, dealer and inventory financing, it is ideal for a culture of collaboration. Dealers, distributors, partners and anyone in the supply chain are empowered to realize the benefits of financing – and leverage the advantages of real-time business intelligence. The system also supports asset and non-asset-based financing.
FeaturesComplete contract lifecycle management
Powerful floor planning tools
Dealer & inventory financing
Support for asset & non-asset based
Real-time business intelligence
Unparalleled user experience
Improved customer service
With WFS, the user experience is unparalleled. Tax and accounting requirements of any jurisdiction are easily defined. Set-up can be for temporary situations, as well as current and future requirements. The solution’s extraordinary flexibility gives you the opportunity to offer more customer-centric and efficient service – an increasingly important competitive difference in any financing market worldwide.
Flexible & configurable operating models
Support for price variation, loan term changes, asset transfer
Manage the lifecycle of any transaction, from the capture of asset information, credit and contract booking details. Create operating models around your specific back-office requirements, for repayments, interest charging, asset tax and service charges – and apply them when a loan is approved. Manage loan, price variations, loan term changes, and asset transfer and re-categorization.
Credit limit monitoring & review
Support for temporary credit limit increase
Give dealers the flexibility to request a credit limit for different asset categories, as well as monitor variations and reviews of defined credit limits. Allow temporary increases in credit limits based on dealer-driven campaigns – with normal limits automatically resuming when temporary periods end.
Automatic receipt settlement
Easy to use interfaces for bank, credit, distributor etc.
Create flexible parameters for invoice grace periods, monthly billing days, billing schedules and invoice cancellation. Settle receipts selectively or automatically. Leverage the power of easy-to-use interfaces, such as bank, credit, distributor, general ledger and active directory.
Dealers can view floor plan, stock status, and financial conditions
Auditors can schedule visits, record audits and track assets
Unmatched operational transparency
Full support for cross-checking, editing and report generation
Empower your business partners with a web-enabled portal that delivers more visibility and control over their inventories – with minimal effort. Your dealers can view their use of floor plan facility, stock status and financial conditions, while entering settlement requests or relocating assets. Auditors can schedule visits, record audit exceptions and track assets for higher levels of transparency. The system also enables cross-checking, editing and report generation.
Key POS application components
Enhance customer engagement with a feature-rich loan calculator. Sales representatives can show customers comparisons of payment schedules based on different financial products. Robust functionality includes a user-friendly menu of selling options based on customer exposure, asset criteria and other data stored. It is also ideal for upselling and cross-selling strategies.
Quotation and proposal
Easily create multiple quotations for customers based pon various financing products being offered to show them options.. Seasonal or promotional finance programs are updated in real time and information can be made available to users based on the finance company’s parameters. Basic quote information is captured, converted to a complete application with detailed applicant information, and submitted electronically to the authorized department for approval. Full customer exposure – from financial information to credit agency status and blacklist alerts – can be a “one-click load,” saving data input time and expediting decision-making. Integration with third-party business partners and access to asset catalogues, provides further information to speed decisions and minimize risk.
Credit scoring, in-depth analysis and automated decision-making
Get a panoramic view of applicant credit through customer exposure and LOS score cards. Credit scoring is highly configurable through our Business Rules Engine, enabling unlimited user-defined scoring models. When a credit application is received, it is automatically run through a credit scoring engine that intelligently selects the appropriate scorecards based on defined parameters. The system can also interface with third-party credit scoring systems, credit rating agencies and other third-party data provider for further analysis of the applicant. The scoring engine can automatically approve or decline the application — or refer it to a credit manager for additional analysis.