The product provides automation, monitoring, and optimizing of Auto Finance Process actions and integration with bank systems and third parties to avoid manual work. Banks provide Auto finance to customers to acquire a car with any arrangement other than a single lump payment. The provision of car finance by a third party supplier allows the acquirer to provide and raise the funds to compensate the initial owner, either a dealer or manufacturer.
The product enables the bank to have end to end process visibility to have workflow capabilities which will include the following functionalities: