The Connective Asset Finance Calculator allows you to determine some of the parameters for asset loans.
About the Asset Finance Calculator
The Connective Asset Finance (CAF) calculator enables you to calculate the:
- Brokerage
- Residual / Balloon
- Interest rate (base / effective)
- Repayment amount
The CAF calculator:
- Supports making payments in advance and in arrears.
- Allows for custom, group, and single repayments.
- Can be attached to an Opportunity in Mercury.
Note: Access to the CAF calculator is role-based at the Associate level. If you require access to the calculator you will need to be enabled by the Connective Asset Finance team.
How to access the CAF calculator
- On the Calculators tab, select Asset Finance Quote from the left-hand panel.
- Click the New AF Quote button to generate a new quote.
- The CAF calculator screen will appear:
- Complete the required fields. Note: The Solve button in each section allows you to calculate that element of the quote based on the other elements of the quote you have entered.
For example: If you enter the Amount Financed, Rates and Term and then click on the Solve button in the Single Repayment section, it will calculate the Repayment amount based on the rest of the variables.
How to create a quote within an Opportunity
- Open the Plant and Equipment Opportunity in the CRM tab.
- Select Calculations from the left-hand panel.
- Click the green plus symbol and select Asset Finance Quote.
- The CAF calculator screen will appear.
- Complete the required fields. Note: The Solve button in each section allows you to calculate that element of the quote based on the other elements of the quote you have entered.
For example: If you enter the Brokerage, Amount financed, Rates and Repayment schedule amounts and then click on the Solve button in the Brokerage section, it will calculate the Brokerage amount based on these variables. - Click Save & Exit.
- The quote will appear in the Calculations section of the Opportunity.
Attach an existing quote to an Opportunity
- Open the Plant and Equipment Opportunity in the CRM tab.
- Select Calculations from the left-hand panel.
- Click the Attach button.
- Navigate to the quote you wish to attach by using the 'Look for' search field.
- Click Choose.
- The quote will appear in the Calculations section of the Opportunity.
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