RecWorx Power Sports Financing

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Web-based, point-of-sale financing solution

RecWorx Benefits:

Manufacturers are better able to:

• Increase sales and extend their brand name;
• Acquire new customers by offering attractive payment options vs. a lump sum purchase and meeting customer needs through targeted lenders;
• Streamline the entire sales process (product, warranty and insurance) via Metavante's leading edge POS platform.

Dealers are able to:

• Increase sales by offering their customers attractive payment options for Power Sports product purchases;
• Provide customers efficient personalized service through a quick, easy-to-use and flexible financing platform;
• Manage the entire sales financing process at the point-of-sale.

Lender Partners are able to:

• Acquire new customers that reflect their targeted market segment and credit profile;
• Reduce origination costs by significantly reducing manual interaction;
• Meet aggressive time to market milestones, since technology and implementation investments are minimal.

Metavante's best in class, private-labeled retail finance solutions provide end-to-end seamless technology integration for point-of-sale loan origination and encompass all services required to successfully implement and manage national retail vendor finance programs. This innovative combination has resulted in enabling our vendor and lending partners to quickly increase sales, acquire new customers, compete more effectively and increase profits.

Finance Program Services:

RecWorx Platform Features and Benefits:

• Browser-based
• Open standards
• Import data from Dealer Management System
• Online "Intelligent" application process
• One platform- term, revolving or credit card products
• Real-time automated credit decisioning
• Complementary and cascading lending models
• Dynamic risk-based pricing
• Integrated extended warranties, insurance and reward programs
• Private label branding
• Lien registration
• Integrated documentary delivery
• Comprehensive and flexible reporting
• Real-time transaction processing & status notification
• 24/7 application service provider (ASP) model