5 improvements for your floorplan lending operations

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Take your lending operations to new heights by pinpointing the 5 areas you can streamline most easily.

  1. Customer service – deliver the right level of customer self-service balanced with optimizing your operational efficiency. You can reduce your administrative burden by allowing dealers and suppliers to initiate funding, make payments, manage their accounts, and access key data from one dashboard. An easy way to empower them to do this independently is by providing a dealer and supplier self-service portal.
  1. Operational efficiency – provide a holistic view of dealer performance and focus on what’s important by making use of tools to manage, oversee, and modify workflows.
  1. Reporting – data is critical to all kinds of reporting efforts. Data, including all historical data, should be available to each system user through a variety of means, including standard and customizable reports. Access to deep, meaningful access to all operational data is where all the big changes and improvements to your more complex processes start!
  1. Credit underwriting – whether you’re spreading and analyzing dealer business and personal financial statements or tracking and managing loan conditions/the expiration of collateral and insurance, your business can make use of cutting-edge automated tools to automate your underwriting, drastically speeding up approvals process.
  1. Comprehensive risk management – prioritize key risk items whilst being mindful of additional risk factors, such as supplier repurchase, product type, and inventory condition. While this can be one of the most labor-intensive processes done manually, an automated, rules-based collection workflow and user-driven watch list make handling risk far more efficient.

Gain a 360o view of your business from the portfolio level to the individual dealer with Solifi Wholesale Finance software. Enjoy powerful risk management automation, full credit line flexibility, trend analyses and forecasting data tools, and intuitive processes – and support your business with a powerful, integrated 24/7 solution that’ll also be the easiest system implementation you’ll ever experience.

Go from decision to go-live in less than 90 days with minimal IT resource involvement. Get in touch to find out more.

Next-Generation Wholesale Finance Software

If you’re looking for ways to enhance your existing floorplan finance offering, Solifi Wholesale Finance software can take your floorplan lending operation to new heights.

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