FIS' ALS Automotive Finance is the servicing manager for automotive credit with the flexibility, features and functions to meet the high-volume, low-cost needs of a specialized and rapidly growing market. This next-generation finance application offers a common automotive receivables business platform for automotive captives and other financial services organizations with large portfolios of auto loans and leases. Competitive products supported include dealer loans, direct loans, lines of credit, finance leases, operating leases, securitized loan pools and private label lending.
Benefits
- Private Label Support
- Search Capabilities
- Automotive Collateral Tracking – finds vital information about a vehicle beyond make, model and year to include vehicle identification number, color, body style, original and wholesale values, mileage and title status.
- Subvention – supports dealer buydowns, rate concessions, promotional rate programs and other special financing offers.
- Delinquency Management
- Terminations
- Dealer Accounting – tracks dealer reserve (with and without recourse), guarantees, service policies, history, branch and dealer splits, dealer adjustments, chargebacks and dealer electronic funds transfer.
A Presentation Layer for ALS Automotive Finance
FIS now offers a thin-client, Web-based presentation layer for the ALS Automotive Finance engine. Automotive Finance Presentation Layer accesses the Automotive Finance system using a proprietary Host Side Adapter technology, which allows real-time execution of ALS Automotive Finance transactions.
Thanks to thin-client technology, users can now access the system in a user-friendly environment and eliminate the re-engineering of workstations and redeployment of software. The application also reduces training time and cost.
For more information view or download the “Automotive Finance Presentation Layer” brochure in the Quick Links above.