SALES define profitability, but COLLECTIONS determine profitability
SeaTip was incorporated in 1989 with the mission of developing professional technical environments and applications for primarily Fortune 1000 companies. After 10 years of building successful strategic applications, one of SeaTips' customers introduced SeaTip to the auto finance business and noticed that there where many Dealer Management Systems (DMS), Finance and Inventory front ends or BHPH tools which spent their time focusing on the sales aspect of the business, with limited or no focus on the collections process, maybe a mere payments module. Although sales are required, effective collections is a MUST, which is also echoed by top industry experts.
Mr. Chris Leedom President of Leedom and Associates,
Chairman/Founder: National Special Finance and BHPH Conference,Leading industry trainer and consultant
"buy here, pay here is NOT about selling cars......but instead about collecting and managing subprime installment contract portfolios"
Kenneth B. Shilson, CPA Managing Director, Shilson & Associates, P.C.,
Founder of the National Alliance of BHPH Dealers (NABD)
Mr. Chuck Bonanno, Partner, Leedom and Associates, LLC.
Executive Conference Moderator of BHPH/ Automotive Finance Twenty Groups.Nationally
recognized speaker, author, Industry trainer and consultant.
With experience and history of having built hundreds of successful and strategic applications for Fortune 1000 which all focused on profitability, SeaTips direction was clear, the industry needed a REAL loan management solution. Over time the SeaTip customer, with improved profitability due to LIMS, requested a similar solution for the sales function, of which SeaTip responded.
NOW,
SeaTip Software Systems. Inc. (SeaTip or SSSI) offers a variety of solutions based on our extremely popular flagship productLoan Information Management System (LIMS),
for managing your loan servicing, collections and portfolio management function (LIMS is the number 1 product for portfolio management),
with
SoftWheels,
LIMS companion Finance and Inventory Dealer Management System for managing your sales function (SoftWheels is the number 1 product in the power sports industry)
To better understand the various business models supported by these products, select the Business Models Button or simplistically speaking, if you
only buy loans (Finance Company), you only need our flagship product LIMS Professional,
only sell cars (Sales Lot), you only need our companion product SoftWheels,
sell cars and manage those originated loans (Buy Here Pay Here), you need SoftWheels and LIMS Standard, and
sell cars (Buy Here) and then sell those loans to your RFC (Pay There), you need SoftWheels and LIMS Professional
Both LIMS and SoftWheels are available in various versions to further support unique needs such as
whether you have internal/external funding,
operate multiple sites or companies
your relationship with an external dealer
etc.
To fully define the best solution for your particular needs, review the overviews above and then call SeaTip for your perfect solution.
SeaTip, a professional development company providing superior tools for the success of your business.
