AUTO CONSUMER LOAN CASE STUDY

Numerous shortcomings from an existing auto dealer software

Client Profile
Sub-prime lender of automotive retail title loans

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Client Location, Areas Served
South West United States serving selected U.S. states

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Conversion From
Complete change over from auto dealer specific software.

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Problems to Resolve
The previous auto loan software was designed for dealer sales and inventory management and was not specific to vehicle finance. As a result, there were numerous shortcomings:

✓ Posting calculation errors
✓ No live amortization schedule
✓ No residual interest or short payment tracking
✓ No interest income accrual
✓ Minimal loan and vehicle asset detail
✓ No ability to post principal only payments
✓ No ability to report to credit bureau
✓ Hold back to future growth potential

Ryznware™ Results and Benefits

✓ Credit Bureau reporting
✓ Late fee, NSF and Repossession rules by state jurisdiction
✓ Vehicle Title, Insurance and Valuation tracking
✓ Repossession and Auction activity tracking
✓ Collection and Legal/In Court tracking
✓ Delinquency tracking
✓ Ability to take on more loan contracts and expand the portfolio