SuperSolutions, an Oracle Certified Solution Provider offering what it calls "the only comprehensive lending system that automates all aspects of product financing," announced Jan. 20 that Preferred Credit, Inc. is implementing the Daybreak Lending Suite.

According to SuperSolutions President and CEO Darshan Karki, "The direct-sales finance company selected our comprehensive solution for servicing and collection because of its incomparable flexibility."

In the early stages of implementation for its Special Handling Division, Preferred Credit said it anticipates that it will ultimately make Daybreak its primary servicing/collection system for the entire company, replacing California Software Applications.

Greg Windfeldt, vice president, explained that Daybreak’s newer technology offers a more robust, more flexible solution. "Our search for consumer finance software lead us to Daybreak, which we found to be the most comprehensive offering for direct as well as indirect financing. Other packages offered add-on modules that Daybreak included in its extensive base."

He praised Daybreak for its unique ability, unlike the majority of other systems, to perform calculations using multiple methods, an important feature for a company focused on serving the direct-sales industry. "Its easy-to-use graphical user interface is shortening the learning curve, which is a tremendous asset. Plus, it runs on the open Oracle database and uses browser-independent Oracle Internet Application Server software."

About SuperSolutions Corporation

Based in Minneapolis, Minn., SuperSolutions Corp., an Oracle Certified Solutions Provider, offers what it calls "the only comprehensive lending system that automates all aspects of product financing."

The Daybreak Lending Suite is a package of loan processing software that automates lending from origination to servicing and collections. SuperSolutions says the fully Web-enabled client/server application is scalable, user-configurable and user-friendly.

"With Daybreak, finance companies and banks across the U.S. more efficiently and cost effectively manage consumer loans, including those for automobiles, recreational vehicles, boats, motorcycles, home improvement, home equity lines of credit and other specialty finance requests," SuperSolutions said in a prepared statement.

For more information, visit www.supersolution.com, e-mail sales@supersolution.com, or call toll-free (800) 320-2125.

About Preferred Credit

Preferred Credit, Inc. was founded in 1982 to provide financing to one of the largest direct sales distributorships in the world. Since then the firm has focused exclusively on serving the special needs of the direct sales industry.

For more information, visit www.preferredcredit.com.