For credit managers, risk teams and wholesale finance leads at banks and captive finance companies. PreCheck applies your eligibility rules to every request, so the only assets on your book are the ones you’d sign off yourself.
The problems we hear from funders
- Proof after funding. The vehicle goes on loan today and the logbook turns up in three weeks, if it turns up. Your team spends its time chasing.
- Rules that live in people’s heads. Your credit policy says one thing. What actually gets funded on a busy Friday says another.
- A back-end system that can’t say no. Your floorplan platform books what it’s given. It doesn’t know a 2012 car breaks your age limit for that dealer.
- An audit trail spread across email. When a loss lands, piecing together who approved what, and on what evidence, takes days.
How PreCheck answers each one
Documents before money
You set which documents each asset needs, and by when. Anything that’s due before funding has to be in, read and matched before the request reaches you. Where you allow a short grace period, PreCheck tracks the deadline and reverses the funding automatically if the document never arrives. The clock does the chasing.
Your credit policy, written as rules
Set limits at four levels: organisation-wide, by product, by dealer and by asset type. Age, value, mileage, loan-to-value, asset type and condition. An asset has to pass every level, so a lower limit for a higher-risk dealer is applied automatically.
Three lanes, not one queue
Every request lands in one of three lanes. Auto-approve, for requests that pass every rule. Review, for ones that need a credit decision. Escalate, for anything your risk or compliance team needs to see. Your people spend their time on the exceptions.
Checks your team would otherwise do by hand
Registration and VIN lookups, a clear-title check for outstanding finance, and a market valuation run on every request. Your reviewer sees the result next to the dealer’s figures.
One record for every decision
Who submitted it, which rules it passed, which documents were read and with what confidence, who approved it and when. It’s kept, searchable and ready for credit committee, internal audit or a regulator. Audit trail and security
What your team sees
The funder control panel shows your whole portfolio: exposure by dealer, requests waiting by lane, documents overdue and funding falling due this week. Filter to one dealer or look across all of them.
Your brand, not ours
The dealer portal carries your name and colours. Your dealers deal with you. CheckVentory stays in the background.
Pricing
An annual licence sized to your network: dealerships, funder users, dealer users and asset checks per year. Hosting, support and upgrades are included. Third-party checks such as credit bureau or external valuation are billed by the provider, at their price. Your dealers don’t pay for PreCheck.
We turn your credit policy into rules in PreCheck
Every funding request is checked against your policy before it goes on funding. You can also add the rules your wholesale floorplan system (WFS) couldn’t handle, such as different limits or document requirements for different dealers.
In 30 minutes we’ll show you how your own policy would run.