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At CoreCard we have a better way for Accounting and IT departments to partner with Sales and Marketing departments. CoreCard’s products are designed to allow for quickly start up and management of new finance programs
including
revolving
credit. Based on the robust functionality developed to manage consumer and commercial credit card programs, CoreCard’s products
are
perfect
for supporting financing of
complex accounts receivables.
Delayed payment plans, extended payment terms, loans of all types, and nominal option leases are all possible with CoreISSUE configured for Accounts Receivable Management. Additionally, adding private label or branded credit cards is an option readily available with CoreISSUE’s feature rich credit management features.
The possibilities are endless with the parameter-based functionality built into our products. Now when Marketing comes with a new program to offer, Account Managers will be able to create and implement those programs quickly instead of saying “No”.
CoreISSUE
FOR
ACCOUNTS
RECEIVABLE HANDLES ALL TYPES OF FINANCIAL PRODUCTS
CoreCard's CoreISSUE for Accounts Receivable Management provides companies that manage accounts receivables with the most advanced and feature rich solution for managing all types of receivables including:
- Revolving Credit Accounts
- “90” Days Same as Cash Programs
- Trade Receivables
- Discount Invoicing
- Extended Invoice Payment Terms
- Conditional Sales Contracts
- Nominal Option Leases ($1.00 or Fixed Option)
- Purchase Money Loans
- Line of Credit
- Inventory Financing
- Floor Plan Financing
- Rental Financing
- Fixed Asset Financing
- Real Estate Financing
- Working Capital Loans
MANAGE CUSTOMER REPAYMENT PLANS THE EASY WAY
Most enterprise systems come with a way to invoice customers for the product
shipped;
however,
many
lack
the
flexibility
to
establish
a
variety
of
flexible
repayment
programs.
Adding
CoreISSUE
as
a
subsystem
to
the
existing
accounting
system,
allows
companies
to
setup
and
manage
the
types
of
programs
their
customers
are
looking
for.
In CoreISSUE a customer’s account is controlled by a variety of parameters that are set within the system. These parameters control the many options that go into building and managing repayment plans, including:
- Interest Plans – Control fixed, variable, or tiered interest and other types of controls related to interest. Interest charges can be established for specific state requirements.
- Service Charge Plans – Control the various types of fees to be assessed such as late fees, insufficient funds fees, card fees, usage fees, and other transaction fees. Fees can be driven by specific state requirements.
- Account Control Tables – Set the basic rules for payments, interest, and credit limits.
- Insurance Plans - Control insurance parameters established to cover specific state regulations.
TRACK AND MANAGE RISK THROUGH ROBUST CUSTOMER HIERARCHY
Using
the
customer
hierarchy
scheme
available
in
CoreISSUE,
it
is
easy
to
track
overall
exposure
from
the
smallest
office
location
right
up
through
the
parent
company.
This
ability
makes
managing
multiple
and
distinct
credit
limits
across
customer
entities
easier.
It
also
simplifies
managing
overall
customer
exposure
and
risk
easier
for
the
credit
department.
CoreISSUE
can
be
used
as
the
“system
of
record”
for
all
of
a
company’s
accounts
receivables.
MANAGE DEALER OR DISTRIBUTOR RECEIVABLES FOR THEM
With
the
flexible
hierarchy
built
into
CoreISSUE,
it
is
easy
to
setup
programs
that
allow
companies
to
manage
and
bill
receivables
for
their
dealers
or
distributors.
This
value
added
service
has
benefits
for
both
the
company
and
their
customers,
taking
the
burden
off
of
them
while
providing
additional
control
of
those
receivables.
CoreENGINE PROVIDES THE POWER OF SHARED COMPONENTS
CoreCard’s products are built to sit on top of our CoreENGINE platform and the power of the shared components embedded in this platform is leveraged across all of our products. The CoreENGINE platform provides instant fault-tolerance, scalability, and ease of use.
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Establishing an accounts receivable management program only requires configuration of CoreENGINE, CoreISSUE and any other components that may be needed to meet the requirements of the programs and products being offered.
WEB
SERVICES SIMPLIFY CONNECTIONS WITH YOUR CURRENT SYSTEMS
CoreENGINE
leverages
a
variety
of
web
services
and comes with
a
set
of standard Application Programming Interfaces (APIs) that allow the sharing of data easily between CoreCard’s software and many off-the-shelf accounting software and ERP packages that companies may already be using to run their business. New APIs can easily be added at any time for other non-standard or new software packages as required.
ONLINE BILL PRESENTMENT AND PAYMENT
With CoreENGINE, it is possible to create or interface with an online web self-service portal making it easier for customers to review their outstanding obligations. In addition, a variety of other self-service features can be added including change of address, request for a credit increase, request to place an orders, etc., enabling a company to increase its operational efficiencies.
CORECARD’S PRODUCTS PROVIDE SUPPLEMENTAL FUNCTIONALITY
CoreCard can provide a complete Accounts Receivable Management solution by adding one or more of our other products that support collections and sales:
CoreDISPUTE
CoreCOLLECT
-
Champion/Challenger Recovery Strategies
-
Case Management (automatic case presentment and case search facility)
-
Collections Automation (letters, optional dialer interface, third party collectors)
CoreSALES
REDUCE COSTS AND INCREASE REVENUE
At CoreCard we have priced our solutions very competitively, allowing companies to realize significant ROI quicker. Implementing our products can be less costly than building or enhancing current products.
With the flexibility of being able to offer sales and marketing programs that they
big
ERP
solutions can’t, companies will significantly increase customer satisfaction. |
