Finance Companies and Instalment Programmes
Required licence
srvcenter-insurance-and-installments. The cars menu root that contains this folder is itself gated on srvcenter-subitems, so in practice both codes are needed before the Car Installment menu appears at all.
Most of Al-Sahra's customers do not pay 87,000 in cash. They walk in asking what a Rimal 2.4 costs a month, and the salesperson needs an answer before the conversation goes any further. cars → Car Installment exists to support that conversation.
Two master files and one document live here:
| Record | Arabic | What it is |
|---|---|---|
| Finance Company | شركة تقسيط | The lender's master file |
| Car Installment Program | برنامج تقسيط سيارة | The financing product: rate and fees |
| Car Installment Quotation | عرض سعر تقسيط سيارة | The offer sheet given to the customer — see its own page |
The finance company file
The Finance Company record is the same screen and the same field list as the Insurance Company and the External Agency — a Main page with the code, names, subsidiary accounts and dimensions, and a Contact Info page with contact details, tax data and a bank block.
The subsidiary account (الذمة) makes the lender addressable in accounting.
Al-Sahra creates FIN-03 Bayan Finance / بيان للتمويل.
You pick a finance company on an instalment quotation line and in the financing block of a car sales order, so that the paperwork names the right lender.
The instalment programme
An instalment programme is a lender's product: Bayan Finance will finance cars for employed customers over one to five years at 6 % flat, with a 2 % administration fee and a minimum 20 % down payment. You create one record per lender per product.
The fields a quotation reads
Two fields on the programme drive the quotation:
- Financing Percent (نسبه التمويل — the label is spelled this way on screen) — the annual flat rate, used to work out the monthly instalment on a quotation.
- Admin Fees (مصاريف إدارية) — the fixed amount the quotation charges as its administrative fee.
The two long-text blocks, Customer Acceptance Conditions (شروط قبول العميل) and General Conditions (شروط عامة), hold the lender's wording for the offer.
The financing block on the car sales order
When the sale is actually agreed, the financing details are re-entered on the car sales order, in a block that records the instalment programme, the finance company, the financing bank, the insurance company and the insured name.
The Reservation Value (قيمة الحجز) in that block drives the sales order's booking-deposit entry against the reservation-value accounts on its document term.
If you need to hold a car until the bank replies, model it with the vehicle's own status configuration or an approval cycle on the sales order.
The insurance side of the block saves typing: when you create an insurance policy and point it at this sales order, the policy takes its financing bank, insurance company and insured name from here. That is described on the policy record page.