Finally, a complete computer system with integrated software applications for your in-house installment loans. Instantly the information you enter for an installment loan is posted, calculated and put to work in a variety of ways including general account information, contract calculations, reports and summaries, marketing applications, accounts receivable analysis and account maintenance. Some key features of RFS® include:

Account Information

• name/address
• employer
• date of birth
• days late
• credit limit
• security/co-borrower information
• telephone numbers (home and work)
• payment distribution
• multiple loan access
• spouse information

Contract Calculations

• renewals, multiple loan consolidation
• payoffs
• printing of contracts/insurance forms
• coupon book printing
• fees
• insurance
• entering existing contracts

Management Reports & Summaries

• daily, monthly and yearly summaries
• year-end F/C statements
• loan register reports
• aging reports
• insurance reports
• ledger cards
• uncollectible/court

Multiple Office Support

• daily, monthly and yearly summaries
• grand totals for all offices

Marketing

• mailing labels
• credit availability notice
• birthday updates

Accounts Receivable Analysis

• current
• aged with statements
• payment amortization distribution
• days late report
• late notices
• finance charge accrual
• A/R balance
• promise date tracking

Account Maintenance

• post payments by loan
• adjust customer records
• transaction history
• transaction audit trail by employees
• payments receipt printing

Flexible Support Database (Dynamic modification of:)

• interest rates
• insurance rates
• tax rates
• late charges
• interest after maturity

Interface Capabilities

• revolving charge/open accounts
• general ledger
• inventory
• payroll
• cash sales
• layaways
• credit balances

Optional modules available with the Retail Finance System are the Revolving Charge System and Inventory System. These modules are fully interfaced to RFS®, and draw from the common customer information database.

The Revolving Charge System handles revolving charge sales, layaway transactions and cash sales. The Inventory System module tracks full inventory information and provides item descriptions, prices and cost information to the other modules when available. Some highlights of each of the modules are:

Revolving Charge System Highlights

• manages 30-day or revolving charges accounts
• ability to print invoices at time of sale
• multiple state rates for finance charges
• automatic assessments of finance charges
• ability to assess insurance premium on outstanding balances
• printing of monthly statements
• late notices
• solicitation notices
• integration into Inventory and Installment Loan system
• tracking of cash sales
• daily, monthly and yearly sales totals

Layaway System Highlights

• multiple layaways per account
• apply payments to specific items
• marked as "paid in full", but not delivered or picked up
• full payment and purchase transaction history
• detailed report generation

Inventory System Highlights

• full integration into Retail Finance System and Revolving Charge System
• allows tracking of serialized, non-serialized and "lump sum" items
• generates labels and tags for merchandise
• generates and uses cost coding for labels and reports
• fully tracks sales vs. cost by item, vendor and department
• tracks individual items by location in multiple warehouses
• tracks last and average costs and freight by item
• reorder reports available
• sales reports by item, vendor or department
• easy entry of incoming merchandise by invoice
• items can be identified by and in-house number, vendor's identification number and manufacturer's model numbers
• bar-code printing and scanning available
• full integration of sales screens insures automatic updating of inventory
• sales screens allow full on-line browsing of inventory available in one or all warehouse
• browsing can optionally hide all zero quantity (sold out) items
• manages transfer of all items from one warehouse to another

The Retail Finance System, and each of these optional modules, reduces the time required for personnel to do a specific job. You can cut overtime and avoid hiring additional staff for increasing paperwork. And you'll enjoy better control of your receivables.

RFS® gives you quick access to vital information, freeing yourself and others on your team for more productive work. In short, RFS® will allow you to provide better customer service. Email us today for more information or to arrange a personal demonstration.