CloudLink Ideas Portal

This idea would include both the Model Admin and iQuote Workspace. The Basic idea would be to add a "Finance Specifications" section in Model Admin to have Financing terms populate in iQuote.

This would function similarly to how the "warranty specifications" and "preventative maintenance" specifications and rates period are set up in Model Admin now, but be specific to Financing interest rates and terms. This would allow for CAT Finance National Merchandising Programs to be easily accessed for the specific machine families and models.

Example: A user is quoting a New 320 Excavator and using the current CAT Finance National Program. Assuming Diamond Rate on a 48 month term the machine would have an interest rate of 2.99%. The credit tier, term, and rate would be selectable under the Payment Terms tab in iQuote by selecting Payment Type "CSC" then choosing the applicable credit tier, term, and the rate/s would then populate and calculate accordingly.

*Why Useful: It would save time and the user wouldn't have to reference a "cheat sheet" as the correct financing tiers, terms, and rates for the machine being quoted as they'd be pre-populated in Model Admin and available to choose from in iQuote. All of the relevant info would be loaded in Model Admin and available to select from in iQuote, so there would be no need to reference another document or cheat sheet when quoting financing. CAT's standard terms and rates could also be made available when quoting financing terms on a used machine or a new machine with "cash sale" terms.

*Who'd benefit: Anyone quoting Financing terms in iQuote that would be proposing CAT Finance National Programs and standard terms.

*How should it work: See the supporting screenshot reference to illustrate. Credit Tiers (Diamond, Gold+, Gold, etc.), Terms (24, 36. 48, 60 mos.) and interest rates would be available to choose from. These specifications could be easily updated throughout the year as the programs change.

Your feedback is welcome. Thank you.