POWER LYNK

The Point Of Sale System

Introduction

• The POS is a decision support system. Decision-making is accelerated simply because of a streamlined data processing methodology.
• The basic objective of this system is to generate competitive quotations for clients and reduce the turn around time between proposal generation and the contract completion.
• Flexibility was one of the major considerations while framing the system, so that the integrated modules become highly adaptable empowering the business to reap-full potential.

Think Globally Act locally

• Here a picture a picture of the globe being looked at through the convex lens is given.
• We at Softpal stay current, through we are immersed in daily details of operational tasks. We constantly step back: then look ahead and plan. Often a look forward reveals a simple solution is a troubling problem.
• Though we plan for a meticulous system. It may have some user conflicts on application; these can be solved with an unprecedented case through the tools provided.
• Bubble and simultaneously running help-line support the system in order to identify any bottlenecks in the potential of performance. These come to your rescue at a simple click of the mouse or a press on the keyboard.
  

What is a POS?

POS is the information system capable of providing comprehensive and competitive financial and leasing proposal to the clients at the dealer's level. The flexibility of the system gives an allowance for changing parameters to arrive at competitive quotes. The system captures information about every client who comes forward to enter into a lease irrespective of whether the contract has materialized or not this data could be used at the HO to analyze the reasons for the lost business so that necessary corrective action can be initiated.

• The objective of the consultancy are few but we defined, mainly they are target oriented:
• To create a business driven application
• To reduce time and enhance performance
• To provide a foolproof, up to-date current system of working based on latest technology in order to install novelty in work-order of a company.
• POS has been developed using Visual Basic, and paradigm CASE TOOL. Complete design development and testing has been done with meticulous case.
• The company for which the system was basically developed is one of the preemies automobile leasing companies operating with innumerable dealers thrown far wide. The company is involved in leasing products like buses, commercial vehicles and passenger cars. The company computerized their dealers leasing system to enable their dealers provide butter credit service.

The success of the whole system rests on few diamond edged pivots like.

• POS is for dealers to be able to quote financial and leasing services directly to the company's client.
• All the information related to the leasing is provided to the client, precautions are taken to present accurate and timely information. This reduces the contract cycle time.
• Accuracy of the contract is enhanced. Service is improved as the time spent on routine procedures is reduced.
• Decision-making is done faster than in the regular method.
• Provides an easy to use interface to the dealers to be able to instantly offer various credit options to the clients in line with the profile of the company.
• Security provided in impenetrable and safe. It is provided up to three levels.

Database security is maintained.

• Application/user level security maintained by application
• Data recovery is provided in case of power failure.
• Data Export/ import facility from dealer's location to head office and vice versa, was provided using modem. This us for the purpose of taking approval and for consolidation of data.
• Multiple proposals with complete details can be viewed for comparison, simultaneously.
• Internal rate of returns is always maintained. The proposal is not generated without IRR. This is one of the unique features.
• An allowance is given to the head-office to change or correct the proposals generated by dealers.
• In internal mode maintaining IRR we can change all the parameters.
• One of the major highlights of the system is that it is bilingual, also on the basic of the login Id of the user. The system would bring up Spanish or English interface. Even on hot key (CTRL+L) press language can be switched between languages.

HOW DOES IT WORK

• The POS is a unique system, which caters to the leasing requirements of the company. The whole process is compressed to a small format, which provides the total information leading to a smooth flow of work to enhance business.
• Using the system the dealer can generate competitive proposals to pure leasing, financial leasing and direct credit.
• After generating the proposal the dealer prints. The proposal along with the payment table is given to the client.
• If the proposal is acceptable to the client a blank CRA is generated from the system.
• The client provides the necessary info and returns the CRA toe the dealer. When the dealer is satisfied with the CRA, he generated a CRA.
• Now, the CRA, proposal, payment table are sent to the head-office for an approval.
• The head office reviews the proposal and makes necessary corrections and uses the system to generate a report.
• The generated report consists of all the corrected variables and values with a check digit.
• This check digit is essential tool for the system. It ensures the data accuracy and avoids any proliferation or alteration by the dealer. The dealer updates the quote by entering the check digit values.
• Changes and alterations are not updated unless the check digit is entered correctly.
• The most concrete of the steps like the contract, promissory note, follows this. Auto debit authorization note and life insurance consents document etc.