CoreCard Software (www.CoreCard.com), a leading provider of card management and boutique processing solutions, today announced its latest release of CoreISSUE that includes functionality to support companies including manufacturers and distributors that want to offer revolving credit repayment terms to their customers. The software module works with current systems and provides more innovative financing options.
“Many companies who want to offer revolving credit repayment terms to their customer can’t because their current accounting systems have no way to accurately account for revolving credit products,” said J. Leland Strange, CoreCard Software CEO. “In these tough economic times, many companies are looking for ways to offer their customers extended repayment terms and CoreISSUE allows them to do just that.”
CoreISSUE is designed to handle the complex needs of modern credit card issuers and handles all types of finance programs from simple “net 10” terms, conditional sales contracts, nominal option leases and all revolving credit programs. “With all of this functionality CoreISSUE makes an ideal system of record when installed as a subsystem as it can handle the billing for all of a company’s receivables,” added Strange.
New Accounts Receivable White Paper Available
CoreCard also released today, the next white paper in its ongoing series entitled “Accounts Receivable Management for Manufacturers and Suppliers – Going Beyond the Basic Receivable Programs Found in Accounting Systems”. This latest paper looks at how many companies find themselves unable to establish innovative revolving credit repayment terms due to the limitations of their existing accounting and “order to cash” systems.
This paper examines how companies can offer repayment programs that satisfy the needs of the market from extended term payments including revolving credit to being able to offer conditional sales contracts and nominal option leases. “By looking beyond the ordinary and leveraging tools developed for financial organizations, manufacturers can regain market share,” added Strange.
For more information on how CoreISSUE can be used in any organization read the latest white paper “Accounts Receivable Management for Manufacturers and Suppliers – Going Beyond the Basic Receivable Programs Found in Accounting Systems” online at http://www.corecard.com or call 1-770-564-8000.
About CoreCard Software, Inc.
CoreCard Software, a leading provider of card management systems and processing services, offers an array of account management solutions to support the complex requirements of the evolving global financial services industry. The CoreCard® software solutions provide the market’s most feature-rich platform for processing and managing a full range of card products including prepaid/stored-value, fleet, credit, debit, commercial, government, healthcare and private-label cards as well as accounts receivable and loans. Headquartered in Gwinnett Innovation Park in Norcross, GA with additional offices in India and Romania, CoreCard is a subsidiary of Intelligent Systems Corporation [NYSE Amex: INS]. For more information, call 770-564-8000 or visit www.corecard.com.
Media Contact: Sharon Cuppett