This is the Contract Management module group of the afb Credit Management Solution
Even if all areas of afb-CMS offer added value for leasing companies, the module group Contract Management should be emphasized for the digitisation of the back office.
The multiple functions provided by this module group allow financial services providers to process contract management and bookkeeping for the available types of business, such as retail financing for credit and leasing, and wholesale financing. The fully automated processes ensure that all standardised, recurring operations relating to contract management and contract bookkeeping are carried out without manual intervention, thus enabling them to be completed considerably faster and without error.
This module group enables the execution of all business transactions required for opening, processing and terminating contracts. In the field of wholesale financing, a fully integrated dunning system complements the scope of functions.
Individual accounts and accounting functions for the automated recording of all contract-related income and expenses, revenues and expenditures as well as deposits and withdrawals ensure full contract bookkeeping. Functions for the automated processing of incoming and outgoing payment transactions and for receivables management complete the range of services.
External systems for accounting, reporting and payment transactions are integrated via standardised interfaces. All necessary information relating to contract bookkeeping is transferred to the financial and cost accounting sections of the central accounting department, and upon request to group accounting. An asset accounting function is provided or integrated for the leasing area.