GERS Retail Systems' New Private Label Credit Processing Application Receives ``Two Thumbs Up'' From Customers.SAN DIEGO--(BUSINESS WIRE)--April 2, 1999-- CreditConnect Eliminates Hours of Hand-Written Credit Processing GERS Retail Systems is receiving rave reviews about its newly implemented CreditConnect module for electronic private label credit processing. By introducing this new addition to the GERS Retail Suite of products, GERS is one of the finest retail management software companies to offer its clients on-line private label credit transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , including electronic credit application, add-on authorization, and settlement within its application. "Our retailers will be able to dramatically decrease the wait time their customers experience in the third party finance approval process, so improved customer service is just one of many benefits," said Jim Henderson
Industry leaders, including southern Florida-based El Dorado El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. Furniture; Slumberland, of Little Canada, Minnesota Little Canada is a city in Ramsey County, Minnesota, United States. The population was 9,771 at the 2000 census. History In 1844, French-Canadian settler Benjamin Gervais moved north from St. ; Marlo's Furniture; Brueners Home Furnishings Corp; and Duke Power are currently using the new software. CreditConnect automates a retailer's interface with credit providers such as GECC GECC General Education Core Curriculum GECC General Electric Credit Corporation GECC Group Enabled Cluster Compiler GECC Geelong Ethnic Communities Council GECC Glen Ellyn Children's Chorus (Glen Ellyn, Illinois) , Norwest, and HRSI HRSI High-temperature Reusable Surface Insulation HRSI Human Rights Students Initiative (Central European University) HRSI High-Resolution Satellite Imagery HRSI Hard Red Spring Wheat Index . In business for over 30 years, family-owned El Dorado Furniture is an eight-store mid-priced to high-end retailer. El Dorado, which served as the beta site An organization or group that is beta testing hardware and/or software. See beta test. for the private label electronic credit application, add-on authorization and settlement process, says the results so far are exciting. "CreditConnect by GERS has improved our office and sales personnel's efficiency tremendously, and has helped us keep better control of our accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying ," said Jesus Rene Capo, VP MIS for El Dorado Furniture Corp. "We started seeing benefits immediately after converting. Our customers seem to appreciate the increase in speed also." During the settlement process, El Dorado works quicker and through a more paperless environment than on their old system. Previously they used to take out reports of finalized orders, have a credit person verify which ones were to be funded by GECC, and submit each contract, one-by-one, through a small Verifone terminal -- a process that sometimes took up to an hour a day, per store. Slumberland, a 20-store company-owned and 35-store franchised retail operation, is pleased with its results as well. "The most significant benefit we've seen so far is the less than five second response time," said Slumberland IT Manager, Chris Reff. "We've also freed more than 10 full-time equivalent Full-time equivalent (FTE) is a way to measure a worker's involvement in a project, or a student's enrollment at an educational institution. An FTE of 1.0 means that the person is equivalent to a full-time worker, while an FTE of 0.5 signals that the worker is only half-time. hours a day in our back office. And by distributing the financing process to every workstation, we have eliminated time-consuming waiting for use of the financing terminal." The GERS CreditConnect application allows retailers to send credit applications electronically to the finance company, which will then process the application and send back an electronic response. If the application is approved, an account number will be provided. The retailer has the option to "Hot Key" into either the Sales Order The sales order, sometimes abbreviated as SO, is an order received by a business from a customer. A sales order may be for products and/or services. Given the wide variety of businesses, this means that the orders can be fulfilled in several ways. Entry or Point-of-Sale Sales Order Entry name screens and process the sales order with all customer and account information being defaulted in from the credit application. The retailer can then electronically submit for an authorization from the finance company. After the sale is finalized, settlement of all the finalized transactions is completed electronically. Built within an Oracle relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. to facilitate optimal growth, the products within the GERS Retail Suite alleviate retailers of many manual duties by providing real-time automation of integral daily tasks such as sales, inventory, merchandising, and accounting, with the flexibility to shape the system to their individual needs. The GERS System features clear menus with friendly pop-up windows to guide users through each procedure to save time and increase employee productivity. San Diego-based GERS Retail Systems provides fully-integrated, Open Systems computer solutions software, hardware, and comprehensive training for retailers of softlines, hardlines, department stores, home furnishings retailers, and consumer electronics/wireless retail operations. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion