Lease and Credit Management Software

Company Overview:
  • Name: Rangs Motors Ltd.
  • Industry: Global automotive brands including Eicher and Mahindra & Mahindra.
  • Location: Dhaka, Bangladesh
Background:

Established in 1998, Rangs Motors has been an active player in the Bangladeshi vehicle market. They have introduced some of the top global automotive brands including Eicher, Mahindra, and Dongfeng..

Key Features of Lease and Credit Software :
  1. Vehicle Leasing Management:
    • Tracks the entire lifecycle of vehicle leases, including agreement creation, renewals, and terminations.
    • Automates monthly billing, payment collection, and late fee management..
    • Supports multiple lease structures (e.g., operational leases, financial leases).
  2. Credit and Loan Management:
    • Handles credit applications for vehicle purchases, from application to disbursement.
    • Automates interest calculation, EMI scheduling, and payment tracking.
    • Automates interest calculation, EMI scheduling, and payment tracking.
    • Provides tools for risk assessment and customer credit scoring.
  3. Fleet Management Integration:
    • Tracks leased vehicles, maintenance schedules, and insurance requirements.
    • Provides data on vehicle utilization and performance.
  4. Compliance and Reporting
    • Generates detailed financial and operational reports.
    • Maintains audit trails for regulatory compliance.

Technology Used