The Distributor module is a speciality payable account used to record interest amounts due to be paid to the financier on assets still with the Free Floor Plan period. Early Settlement Rebates are also recorded.
A separate web login is available for Distributors that helps their understanding of how their Dealers are performing. This login also provides access to Floorplan Interest Invoices.
Daily, new assets are being financed. A quick and efficient process has been developed that will create a remittance advice telling the Distributor the assets that are being paid out. This advice can then be used by the Distributor to reconcile to the amount automatically direct credited to their bank account and their internal list of assets sent for financing.