Autologica Sky DMS lets dealers manage finance plans for vehicle sales. It offers different interest methods (direct, French, etc.), automatically reallocates financed amounts and calculates interest on defaults, among other features.
In the latest update, the search feature for settlements has been improved, and the visualization of interest on defaults in each pre-settlement has been facilitated.
Finance plans can originate from different sources:
Autologica Sky DMS supports two ways to calculate interest:
When the dealership agrees to a financing contract, the customer does not always pay on time, and the terms are not always the same. Therefore, it is necessary to calculate, on one hand, the standard financing, but also, for each installment payment, determine whether it was paid on time or if late fees or penalty interest need to be charged.
Autologica Sky DMS takes all of this into account to determine the new installment amount, cancel the principal, and carry over any outstanding balances to the following installments.
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