Tirekicker&trade Software Summary

Tirekicker&trade is a software program that has been developed by Dealers First based in Asheville, NC. This program is designed for inventory financing operations with the specific objective of maximizing income and lending via comprehensive risk management. In addition, the efficient dissemination of information to and from dealers by the program allows lenders to manage their floor plan operation with minimum personnel. Potential users of this program include community lenders and private finance companies. Major aspects of the Tirekicker&trade program are promoting maximum income, managing business risk and facilitating better dealer inventory management. Tirekicker&trade Software enables the following to implement your operations:

• Billing cycles – customizable per your requirements
• Fee and interest management – configurable by default rates or custom to the dealer client
• Employee access restrictions and tracking activity
• Dealer information tracking
• Manage different investor's interests – the program allows tracking of separate ownership if different fund sources are employed
• Transaction and information management with reconciliation features
• Inventory audit management – cycle counts with exception notation and variance analysis
• Inventory aging management – highly configurable reporting and e-mail deployment of reports to dealers
• Online access for dealers to the client-side version of the program when more than email deployment is required

Web-based Software

Tirekicker is a web-based system that allows the floor planner and the dealer/client to have access to the program anywhere anytime. All program updates are completed seamlessly on the web, and all data is continually backed up securely off-site. The dealer has a separate access program with limited access to the data, but can retrieve reports, payoffs, inventory audit reports, and on-line communications from the floor planner. The dealer is also able to receive information through automatic sending (via email) of reports in PDF and Excel formats.

Transaction management

Each transaction is assigned an “Advance number”, which is a sequential tracking number or loan number. This tracking number, along with any number of digits of the VIN, is the primary control numbers by which the floor planner and the dealership reference a particular vehicle or advance. Tirekicker™ provides an alert if the same VIN derivation is used multiple times. Also, this advance number is used to reconcile account activity with an accounting software system.

Manage Billing cycles

Tirekicker&trade provides for the floor planner to implement custom billing at specified time intervals for a partial repayment of principal (“curtailments”), final billing and collection of fees. Because there can be curtailment billing and a final billing, there can be several paid or unpaid invoices pertaining to an “Advance Number” or loan number. To manage the potential for confusion, the final bill includes a section called “Title Recovery” which is a summary of all billing and payment activity.