RecWorx

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Power Sports Financing

RecWorx™ is the complete point-of-sale (POS) financing solution used by many of the top manufacturers and distributors in the Power Sports marketplace, allowing them to control the financing experience of their entire dealer network.

Metavante’s best-in-class, private-labeled consumer finance solutions provide end-to-end, seamless technology integration for POS loan origination and encompass all services required to successfully implement and manage national consumer 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.

RecWorx Benefits:

Manufacturers are better able to:

• Increase sales and extend their brand name
• Acquire new customers by offering attractive payment options vs. a cash purchase, while 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

Platform Features

• 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

Available Finance Program Services

Program launch coordination – Dealer sign-up and program rollout managed by Metavante

Comprehensive training – Initial and ongoing Web-based and contact center support

Call center support – Telephone support for dealer network (program inquiries and technical support)

Lender services – Application and audit services, direct funding of dealers or head office via EFT in 24-48 hours

Overall account management – Metavante program managers, in conjunction with manufacturers, dealers, and lenders – create best-in-class vendor finance programs

Marketing coordination – Private-label branding is available to your specifications