A contracts-in-transit log that fills itself in.
The funding schedule is where a dealership's receivables sit between delivery and the bank's payment. DealerCockpit creates the record when a deal delivers and follows it until the money lands.
How it runs on a spreadsheet
The schedule is typed from the deal log.
Someone copies each delivered, financed deal onto a funding sheet, so a delivered deal can be missing from it and nobody notices.
Nobody agrees who called it funded.
Finance believes a contract funded. Accounting is still waiting on the bank. Both are looking at different sheets.
Age counts from the wrong day.
Aging that runs from write-up instead of delivery makes a contract look older or younger than the receivable really is.
The outstanding total looks worse than it is.
Contracts finance has already marked funded are counted in the same number as ones nobody has touched.
What it becomes
A record when the deal delivers
Financed deals get a record automatically, so a delivered deal cannot be missing from the schedule. The bank can be filled in on the row.
Each person records their own step
The person who believes a contract funded and the person who sees the money land each record their own part, so the log shows where every contract really stands.
Aging you can chase
Every contract shows how long it has been out, counted from delivery and oldest first, so the list works as a chase list.
Totals that mean something
What nobody has touched is kept apart from what has already been claimed, so the number that needs attention is the one you see.
The posted amount, where a DMS is connected
Where a DMS connection is in place, the posted amount is read for you. Without one, it is typed once and the typed figure stands.
Keep reading
Try it in the beta.
DealerCockpit is in beta and we are looking for dealerships to try it as new features arrive. Not everything works as well as we plan yet.