J.D. Byrider Systems, Inc. Offers Comprehensive Dealer Business Software System.Business Editors/Automotive Writers INDIANAPOLIS--(BUSINESS WIRE)--March 22, 2004 Carmel, Indiana-based J.D. Byrider Systems, Inc. today announced the launch of their Discover software system to qualified Buy-Here Pay-Here dealerships in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Independent dealers can now utilize the same software that helped build the nation's largest used car franchise system. J.D. Byrider Systems has developed software for the BHPH BHPH Buy Here, Pay Here (car dealerships offering in-house financing) dealer since 1989. The Discover system is the latest generation of software used by J.D. Byrider Systems and its franchisees nationwide since 2001. This comprehensive software package gives dealers the infrastructure to run their business more efficiently and effectively. Discover offers a completely integrated business software system that provides the inventory, sales, finance, collections, and accounting features necessary to succeed in the Buy-Here Pay-Here business. J.D. Byrider Sr. VP Mike Maenhout shares his enthusiasm for the release of the successful Discover software system, saying, "We are very pleased to offer this powerful business system to other BHPH dealers. It has a proven track record of improving business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and offers a fully-integrated solution to help dealers manage their business for maximum profitability." J.D. Byrider systems will offer "Discover Days" seminars to dealers beginning in April at their corporate headquarters. They plan to roll out a complete campaign for the Discover system at the NABD NABD National Association of Bikers with a Disability (Great Britain) NABD National Association of Buy, Here-Pay Here Dealers NABD Not A Big Deal NABD Naval Advance Base Depot NABD National Association of Builders and Developers Trade Show in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , NV on May 26-28 and the National Independent Automotive Dealer Association convention in Dallas, TX on June 10-12. For more information or to arrange your personal Discover Day, contact Greg Delks, VP Discover Software 1.866.966.1212 or gregd@discover-software.com Comprehensive features of the Discover software program may be found in the following attached fact sheet. Discover Software Fact Sheet Discover is a comprehensive business software system for Buy-Here Pay-Here sales, financing, and daily operating procedures. Discover provides the management controls and reports to oversee the quality and integrity of the business. Discover goes beyond the day-to-day decisions and provides dealers with the information to direct their business into the future. -- Used successfully by over 3500 users for the past 3 years. The Discover system supports the following: -- Nearly $700 million in receivables Receivables An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed -- Over 3 million customer contacts -- Over 75,000 yearly vehicle sales -- Over 2.7 million yearly payments -- Over 5 million yearly reports -- Over 4 million yearly accounting transactions -- Nearly 9 million yearly collection notes. -- Discover provides the following integrated functions: -- Comprehensive reporting and management for the daily user -- Fully integrated accounting system with GL/AP/AR -- Vehicle inventory and management system -- Vehicle service -- Sales control for customer follow up and tracking -- Loan writer for deal structure and delivery -- Credit bureau pulls and reporting -- Budget analysis -- Credit scoring Credit scoring A statistical technique that combines several financial characteristics to form a single score to represent a customer's creditworthiness. and underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. -- Loans receivable for payment processing and loan management -- Collections for delinquent delinquent 1) adj. not paid in full amount or on time. 2) n. short for an underage violator of the law as in juvenile delinquent. DELINQUENT, civil law. He who has been guilty of some crime, offence or failure of duty. accounts, refinancing Refinancing An extension and/or increase in amount of existing debt. , collateral subs, and repossessions -- Training -- On-site training for the Discover software package includes software, installation, operating support, and hardware support |
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