This is a permission-based function and not all users will have the ability to create a transmittal.
A transmittal is an invoice or a record of sale of an F&I product. When the bank funds a customer’s loan, you (the dealer) initiate the invoice process by creating a transmittal to pay the third-party administrator or product provider for any F&I products the customer purchased in connection with the vehicle sale.
In this section, you will learn how to create a transmittal to initiate the invoicing or payment process for the third-party administrator.
To set up ACH for your dealer, refer to How to Set Up ACH for your Dealer.
1. Select Transmittals > Create Transmittal from the left navigation menu.
2. In Create Transmittal, you will begin the process of creating a new transmittal:
Select the dealer for which you are remitting contracts.
Select the TPA tied to this transmittal.
Select the product type that is tied to this transmittal.
Click this button to launch the contract search. TRONIX searches for contracts based on the selected product type and displays them in the Product Type panel.
3. In the Product Type panel, select each contract you wish to place on the transmittal and click Next to proceed to the next page.
You also have the option to void a contract by selecting Void Contract.
4. The Create Transmittal dialog will appear.
Note: If ACH is set up for your dealer, it will be the default payment method.
The Transmittal Summary shows the Dealer Name, Product Type, Number of Contracts, and Total Dealer Cost. This information is for viewing purposes only.
The Contracts panel shows all contracts to be transmitted. This information is for viewing purposes only.
The Payment Information panel allows you to select the payment type related to the transmittal: Check or ACH.
See How to Create a Transmittal via ACH and How to Create a Transmittal via Check for more details.
Click the back button to cancel and return to the Create Transmittal screen.
Once you have selected a payment type, click this button to create the transmittal.