When reviewing software solutions most everyone will make various claims as to ease of use and features. In SkyLight case there are features that are unique to SkyLight that provide the user much greater visibility and control of the business process. A few are listed below which distinguish us from other products.
SkyLight was designed from the ground up specifically to do just one thing – manage your portfolio, unlike other systems which were built to manage sales and weremodified to take payments. We focused on what the experts where saying - "Profitability is attained through the collection process and not the sales process."
SkyLight was developed by a Microsoft Solutions Partner on the latest Web Based technologies application standards for ease of use utilizing industry standard software tools interfacing with industry standard desktop productivity applications resulting in a solid foundation and a platform designed for flexibility, longevity and growth.
Designed to meet the mission of most auto finance companies, Buy Here Pay Here, Related Finance and Special Finance focused on purchase and sell of loans
Ability to manage multiple portfolios/companies with ease of use single click to change between portfolios with multi-portfolio reporting for a total view of company status.
Validates state legal requirements for APR disclosure, Finance Disclosure, Usurious and Non Public Information Disclosure with associated automated customer notifications.
Provides a workflow process following organizational structure for the input, review, approval and audit processes
Provides single and multiple (Package) analysis and recommendations for loan loan purchases based on asset value, initial rate of return or applied percentage
Capability to manage single and bulk loan purchases for either originated, funded, and most importantly seasoned, aged or midterm loans.
Provides capabilities for discounting and recourse or holdback
Manages earned and unearned discount over the life of the loan
Has the capability to manage multiple sources of loans with source performance analysis capabilities to help you better manage your sources.
Pools established to sub divide portfolio into sub level categories for investors or loan type analysis and controls
Provides capability for managing payment sharing at portfolio, source or loan level or payment streaming
Built around job function so system user defines who can go where, what to see and what to do.
Total transaction accountability
Every transaction is User ID, date and time stamped so you know exactly who has done what.
Unlimited Information Gathering
Never delete data, SkyLight allows you to turn inactive and add information and reverse errors, but history is saved.
Hundreds of Reports
The most extensive reporting capability of any solution on the market with enormous portfolio of text and graphical data reports with export capability for forwarding or further manipulation.
Interface to many third party expert systems to help you manage more than your portfolio, but also your business