System and method for developing finance rate information
First Claim
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1. A method for developing finance rate information for a product beingsold, the method comprising:
- acquiring rate request information, the rate request information comprising information used to generate finance rates, the information comprising the type of rate program requested, and a predicted change in volume of the product being sold within at least one geographic entity during a rate program period;
storing the rate request information in a computer-readable memory;
generating finance rates based upon the rate request information, the finance rates being generated based on a proposed set of rates and the predicted change in volume of the product being sold within the at least one geographic entity during the rate program period, the generated finance rates and total predicted volume change corresponding to a profitability level, the generated finance rates and total predicted volume change being recalculated with a different proposed set of rates until the profitability level is above a predetermined threshold;
generating, with a computer, a rate sheet by importing information including the generated finance rates and the rate request information; and
transmitting the rate sheet.
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Abstract
A system and method for providing finance rates are provided. According to the system and method, rate request information is acquired. Once the rate request information is acquired, it may be stored in a tracking database for statistical purposes. The acquired request information is submitted to a rate generation system that generates rates based at least upon the acquired request information. The generated rates are used to populate a template rate sheet that is then output in response to a rate request.
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Citations
40 Claims
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1. A method for developing finance rate information for a product being
sold, the method comprising: -
acquiring rate request information, the rate request information comprising information used to generate finance rates, the information comprising the type of rate program requested, and a predicted change in volume of the product being sold within at least one geographic entity during a rate program period; storing the rate request information in a computer-readable memory; generating finance rates based upon the rate request information, the finance rates being generated based on a proposed set of rates and the predicted change in volume of the product being sold within the at least one geographic entity during the rate program period, the generated finance rates and total predicted volume change corresponding to a profitability level, the generated finance rates and total predicted volume change being recalculated with a different proposed set of rates until the profitability level is above a predetermined threshold; generating, with a computer, a rate sheet by importing information including the generated finance rates and the rate request information; and transmitting the rate sheet. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 33, 37)
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17. A system for developing finance rate information for a product being sold, the system comprising:
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a data acquisition system for acquiring rate request information, the rate request information comprising information used to generate finance rates, the information comprising the type of rate program requested, and a predicted change in volume of the product being sold within at least one geographic entity during the rate program period; a rate generation system communicatively connected to at least the data acquisition system for generating finance rates based upon the rate request information, the finance rates being generated based on a proposed set of rates and the predicted change in volume of the product being sold within the at least one geographic entity during the rate program period, the generated finance rates and total predicted volume change corresponding to a profitability level, the generated finance rates and total predicted volume change being recalculated with a different proposed set of rates until the profitability level is above a predetermined threshold; and a rate sheet generation system communicatively connected to at least the rate generation system for generating a rate sheet by importing information including the generated finance rates and the rate request information. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 35, 38)
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31. A method for developing finance rate information for a product being sold, the method comprising:
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acquiring rate request information, the rate request information comprising information used to generate finance rates including information comprising the type of rate program requested, and a predicted change in volume of the product being sold within at least one geographic entity during a rate program period; storing the rate request information in a computer-readable memory to facilitate generating reports regarding financing applications associated with the acquired rate request information; generating finance rates based upon the rate request information; storing the generated finance rates in a computer-readable memory for providing the generated finance rates to an application processing system; generating a rate sheet by importing information including the generated finance rates and the rate request information; storing the rate sheet in a computer-readable memory; and transmitting the rate sheet. - View Dependent Claims (34, 39)
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32. A system for developing finance rate information for a product being sold, the system comprising:
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a data acquisition system for acquiring rate request information, the rate request information comprising information used to generate finance rates including information comprising the type of rate program requested, and a predicted change in volume of the product being sold within at least one geographic entity during a rate program period; a tracking database communicatively connected to at least the data acquisition system for storing the rate request information to facilitate generating reports regarding financing applications associated with the acquired rate request information; a reporting system communicatively connected to at least the tracking database for generating reports based upon data in the tracking database; a rate generation system communicatively connected to at least the data acquisition system for generating finance rates based at lest upon the rate request information; a rate database communicatively connected to at least the rate generation system and an application processing system for storing the generated finance rates and facilitating processing of financing applications by the application processing system; a rate sheet generation system communicatively connected to at least the rate generation system for generating a rate sheet by importing information including the generated finance rates and the rate request information; and a rate sheet database communicatively connected to at least the rate sheet generation system for storing the generated rate sheet. - View Dependent Claims (36, 40)
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Specification