Equipment Floor Plan processing, which uses manufacturers’ subsidy payments to support dealers’ inventory, builds on the Floor Plan module to help you serve the unique needs of equipment wholesale lending. You can bill the manufacturer for interest for an initial period while the unit is in the dealer’s inventory. The billing is directed to the manufacturer and does not appear on the dealer’s billing. The unit is automatically moved to the dealer’s billing when the manufacturer’s plan expires.

Equipment dealers share all the same facilities as conventional floor plan dealers. You can have multiple lines of credit, curtailment plans, and fee plans for the dealer. Dealers receive a detail billing statement for their units and can access their inventory, add new units, and pay off units using Dealer Workbench. Dealers can be associated with a mega-dealer to track multiple locations.

Equipment Floor Plan allows you to set up multiple subsidy plans that are unique to each manufacturer. The subsidy period is flexible, allowing you to set up as many subsidy plans as you need. As units are booked they will point to a subsidy plan. The manufacturer will be billed monthly for the interest by unit during the subsidy period.

Your dealer can have units from different manufacturers in their inventory. Each unit is identified by manufacturer, so each unit can have a different subsidy plan, or no subsidy at all. All the units are housed in a single dealer, eliminating the need for multiple dealers and allowing you to monitor the credit line in a single place. Manufacturers can have a parent company. This allows multiple manufacturers to roll up to the Parent Company.