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Automotive Loan

Client Profile
Sub-prime lender of automotive retail title loans

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

Conversion From
Complete change over from auto dealer specific software

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

Stated Business Needs

✓ Credit 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

Ryznware™ Implementation Results and Benefits
The change over process and entry of all historical loans provided customer with the opportunity to correct prior errors, reconcile each account and obtain a more detailed and accurate transaction basis for each contract. All stated business needs were addressed with program tailoring to suit client’s current procedures relating to their unique dealer agreements in place. In addition, vehicle movement, repossession and legal activities were modeled according to their current procedures and made compliant with governing state laws.


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This document may not be duplicated or distributed without the express written consent of Ryzn Enterprise Systems Inc.

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Whatever the scope of your unique asset finance activities, Ryznware™ software solutions
can provide your business with many tangible and real benefits with one all-inclusive and
affordable monthly payment.

“Our auto consumer loan portfolio required simple interest amortizations and payment applications that need to be accurate and with the amount of detail we wanted.  We also had many rules in place for keeping collections under control due to  to the sub-prime nature of our business. 

Ryznware™ software delivered on every item we asked for and replaced a competitor’s dealership software that just couldn’t satisfy our demands.” 

–  Private sub-prime auto lender in Phoenix, AZ.

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