To maintain an "audit-proof" operation, your payment center should generate these five reports monthly. Purpose: Tracks how long payments are overdue.
1–10 days, 11–30 days, 31–60 days, and 61+ days. buy here pay here payment center
Identifies customers who are delinquent but have paid something recently. To maintain an "audit-proof" operation, your payment center
Summarizes cash, credit, ACH, and checks while highlighting NSFs (Non-Sufficient Funds) and chargebacks. 5. Promise-to-Pay (PTP) Kept Rate Purpose: Measures collector effectiveness. To maintain an "audit-proof" operation
Determines if underwriting standards for that specific period were successful or led to higher-than-average defaults. 4. Cash Drawer & Reversal Report Purpose: Balances physical and digital payments daily.
The percentage of customers who made a "Promise to Pay" and actually followed through.
Tracks a specific group of loans (e.g., all loans made in March 2024) over their lifetime.