The Hire Purchase Business Management Software

HYPUR" - The latest software created by our professional and experienced software team, helps you manage your Hire Purchase Business more Effectively and Profitably. This software provides for better monitoring and control of such critical aspects of Hire Purchase Business like IRR etc.

SOME OF THE FEATURES ARE:

• Maintenance and quick retrieval of customer details Store and retrieve the names of your clients and guarantors, individually or company wise by just clicking on a button. The system maintains and gives you access easily to critical information of your client like Bank Account number, RFC Number, Commercial Information, Loan Information, Financial Information, Assets Details, Expenditure Details etc.
• Facility to maintain Units Details: This feature provides a method of maintaining complete classification of units as series, Class and Models, a special facility provides for details like Class Number, Registration Number, Registration Date - which is very important for companies in Auto Finance
• Dynamic creation of the Hire Purchase Agreements This dynamic software provides for generation of Hire Purchase agreements which take care of Expiry Date, Number of Installments Pending, Insurance details, Customization of installments, Automatic rescheduling of Payments etc.
• Provides instant reports and answers to queries This software gives you instant reports on aspects like - Credit Report, Contract Details, Residual Value, Tax, Accuracy List, List of Company/Clients, Calculation Factors, Guarantor Information, Insurance, Class Product, Vehicle Details like R.C. Number and many more....
  Dynamic Maintenance of Repayment Schedules and Reports This software is an effective management tool for your Hire Purchase Business as it provides for dynamic maintenance of the most critical part of your business repayment schedules, some of the features are:
• Transactions for any agreement can be scheduled or memorized, based on Amortization Table.
• Interest calculation at any defined interest rate.
• Schedule information like next payment date of interest calculated depending on the current payment date, frequency of payment, and number of payments.
• Maintenance of repayments regarding principal and interests independently.
• Closing of Agreements at any moment.
• Rebates in case of advance repayments
• Penalties for late payments
• Due payments explicitly maintained and dues for over certain period transferred to non- performing assets.
• Calculation of IRR using cash inflow, cash outflow and rate of interest
• Maintenance of Post dated Cheque and
• Maintenance of Bounced Cheque
• Provides simplified Financial Accounting and Reports Hypur saves your money as it maintains your accounts in a simple and easy to use manner, the financial accounting takes care of the following
• Simplified account ledger information
• Automatic ledger updating using vouchers
• Cash/bank - receipts/payment
• Maintenance of journal entries
• Cash flow statement
• To maintain complete information on financial transactions
• Opening new bank/cash accounts
• Maintaining interest earned on bank accounts
• Extensive year end process
• Budget generation and maintenance over scheduled period.
• Dynamic Reminder function Hypur generates reminder letters to clients or RTA at the time of seizure/release of vehicles

Why Use Hypur?

Some of the "quantitative" and "qualitative" benefits of Hypur are

• Get instant information on IRR (Internal Rate of Return) the critical information of Hire Purchase business and avoid loss making decisions.
• Hypur provides for pro-active and Dynamic System to minimize delayed payments.
• Hypur eliminates Interest calculation mistakes
• Hypur can generate reports on area wise and industry wise distribution of funds for better management of the business.