CALMS - Configured for Floorplan Finance
CALMS Compass is designed exclusively for floorplan finance lending of any asset type, whether it’s Pay-As-Sold (PAS) or Scheduled Payment Program (SPP). CALMS Compass manages the full lifecycle of floorplan finance from credit decisioning onwards. CALMS Compass is flexible, scalable and delivers a highly efficient floorplan finance solution.
Suitable for large enterprise organizations as well as fast growing businesses requiring speed to market with an out-of-the-box solution.
It is the solution of choice for banks, captives and independent finance companies, trusted by more than 100 customers in 30 countries around the globe.
Credit underwriting - financial statements, floorplan specific underwriting metrics, tailored credit proposal, securitization, temportary overline management, condition management, UCC compliance
Risk management - dynamically identify and adjust aggregate customer risk, flexible credit lines, credit conditions management, custom order request rules, standardized credit proposal, integrated with multiple inventory audit providers
Accounting controls - system of record, general ledger feed, dual shadow accounting, accounts payable management, encapsulated dual sided accounting, multiple custom chart of accounts, cash basis and non-earning accounts, system balance reports
Business process automation - rule-based electronic onboarding, rule based workflows, auto debit and payment application, retail net funding
Dealer and supplier access - online payments, order requests, billing statements, reporting, customer managed security, dealer to dealer inventory transfers, custom alerts, statement of financial transaction, transactional history