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:
Item | Description |
Dealer | Select the dealer for which you are remitting contracts. |
TPA | Select the TPA tied to this transmittal. |
Product | Select the product type that is tied to this transmittal. |
Get Contracts | 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.
Item | Description |
Transmittal Summary | The Transmittal Summary shows the Dealer Name, Product Type, Number of Contracts, and Total Dealer Cost. This information is for viewing purposes only. |
Contracts | The Contracts panel shows all contracts to be transmitted. This information is for viewing purposes only. |
Payment Information | 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. |
Back | Click the back button to cancel and return to the Create Transmittal screen. |
Create Transmittal | Once you have selected a payment type, click this button to create the transmittal. |