From participation to late fees, finance plans can be complicated. Thankfully, adding a finance plan to DeskManager Online is easy.
And once you’ve added the initial finance plan, you can pull the details of that plan into a deal with one click.
How to Add Finance Plans
First, click the Settings cogwheel located at the bottom of the leftmost sidebar. Under the Deal category, select Finance Plans.
To add a finance plan, click Add New.
Select the plan’s finance provider from the finance company dropdown menu.
If your finance plan provider is not in this list, click Add New Finance Provider and add them now. Once added, they will be selectable from the Finance Company dropdown.
To help you distinguish this plan from other plans with the same provider, assign a plan code.
Now add the rates and fees associated with this new finance plan.
If this finance plan includes late charges, you can include disclosures detailing these charges.
If a customer has to pay a minimum finance charge, check the box and include the minimum finance charge.
Once complete, click Save.
You can temporarily disable an existing finance plan by clicking on the plan and checking the Inactive box. A finance plan will not appear as an option when adding a finance plan to a deal.
You can also delete a finance plan by scrolling over the plan and clicking the trash can icon. Deleting a plan will not remove it from old or current deals, but it will no longer be a selectable option for new deals.
Once you’re done configuring your finance plans, click the back arrow.