GE Capital, Commercial Distribution Finance (CDF) today announced upgrades to the Customer Online Management System (COMS), its proprietary inventory management tool. In response to user feedback, the newest version provides manufacturers with their most-requested enhancements. These new capabilities make it easier and faster for them to manage the inventory financing programs with their dealer networks.
“We know that our customers see COMS as the centerpiece of their inventory management systems,” said Jeff Malehorn, president and CEO of CDF and GE company officer. “That’s why we took their input to heart. The result is a significantly upgraded version of COMS with nearly 60% more features.”
A business of GE Capital, Americas, CDF provides financing that allows dealers in the U.S. and Canada to stock inventory from a wide variety of manufacturers and distributors of consumer durables such as technology and outdoor power products, electronics and appliances, recreational vehicles, boats and motorsports.
Manufacturers can now choose to receive alerts via COMS about key account developments. For example, they can be notified when their dealers are approved for funding, which helps keep the supply chain moving. They can also personalize COMS according to their own needs by choosing the most important information for display.
In addition to this kind of transactional information, COMS offers analytical insights by making CDF’s business intelligence tools available in one place. Manufacturers can target sales opportunities and assess risk in their dealer networks using these tools. By analyzing real-time information, manufacturers can examine trends related to dealer performance, including receivable outstandings, credit line utilization and repayments. In addition to assessing the financial health of dealers, manufacturers can gauge the popularity and turn-over rates of various models.
“CDF has created a new standard for managing inventory finance online,” said Judith Statum Toland, director of business intelligence for CDF. “COMS adds value by giving our customers a multitude of tools for managing their dealer networks beyond billing.”
Other new features include:
• Expanded billing capabilities, including online one-click payments and electronic billing statements that can be downloaded;
• Enhanced search capabilities;
• Modern design that enables easier and faster navigation; and
• Self-service administration that allows customers to update access locally.
About GE Capital, Commercial Distribution Finance
GE Capital, Commercial Distribution Finance (americas.gecapital.com) provided more than $30 billion in financing to 30,000 manufacturers and their distributors across the Americas in 2010. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management, e-commerce services and related financial products. Follow company news via Twitter (@GEInventoryFin).
GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services. Follow company news via Twitter (@GECapital).
GE (ge.com) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide.
Lisa Tibbitts - GE Capital, Americas
P: +1.203.956.4582 / M: +1.203.803.6142 / E: lisa.tibbitts[.]ge.com.