Delivers simplified transaction processing and robust new data analysis
MISSISSAUGA, ON, June 14, 2012 /CNW Telbec/ - GE Capital, Commercial
Distribution Finance (CDF) today announced significant upgrades to its
online inventory finance management tool used by dealers across a wide
range of durable consumer products industries including recreational
vehicles, marine, motorsports, technology, and lawn and garden. In
addition, in most of these industries, dealers will now have access to
CDF's industry-leading data analysis, Analytics Online.
Known as COMS (Customer Online Management System), CDF's upgraded online
tool is being rolled out to more than 45,000 users at dealers across
the U.S., Canada and Asia. Users will process transactions more simply
and access detailed metrics and real-time reports to make more informed
decisions. Visit CDF's Facebook page (http://www.facebook.com/GECDF) to watch a video about COMS.
"Our dealer community will benefit from these upgrades by getting
information they need to run their businesses more quickly and easily,"
said Anuj Gaur, CDF's Chief Information Officer. "We've provided a
robust tool that's simple to use, allowing them to spend less time on
administrative tasks and more time with their customers."
With Analytics Online, a user can view outstandings and wholesale
finance volume over a rolling 12-month period, across multiple
manufacturers and distributors, and across selling seasons. With these
insights, the user can gain a better understanding of product demand
based on previous seasons and order their optimal level of inventory.
Other COMS features include:
Streamlined payments capabilities: The centralized payment work center
on each user's homepage makes it possible to pay all open invoices with
Alerts: Dealers can set alerts to stay on top of key account
developments, such as funding approvals and new billing statements.
Site personalization: COMS can be personalized according to each user's
needs by choosing the most important information to display and where
to display it.
Enhanced search: Dealers can find exactly what they need across all
accounts with intuitive and powerful search functionality.
Easy-to-navigate user interface: The site offers simplified navigation
with multiple customization features.
"COMS is a breakthrough system that's both transactional and
analytical," said Judith Toland, director of business intelligence for
CDF. "The current version of the tool will enable smart decision
making. By using COMS, we're equipping dealers with the information
they need to run their businesses more efficiently."
CDF premiered its robust online analytical tools in late 2010; the first
iteration allowed manufacturers and distributors to monitor the sales,
inventory, credit use and other important performance drivers of each
dealer. A significant upgrade to COMS for manufacturers and
distributors was released in late 2011. Work has already begun on a
mobile version of COMS for manufacturers, distributors and dealers.
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance provided nearly $32 billion
in financing for more than 30,000 manufacturers, dealers and
distributors across North America in 2011. Programs include inventory
and accounts receivable financing, asset-based lending, private label
financing, collateral management and related financial products.
Customers have access to exclusive online tools and analytics to manage
their accounts and inventory. For more information, visit www.gecdf.com or follow company news via Twitter (@GEInventoryFin).
GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital).
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building,
powering, moving and curing the world. Not just imagining. Doing. GE
works. For more information, visit the company's website at www.ge.com.
SOURCE GE CAPITAL CANADA
For further information:
GE Capital, Americas