Press Releases

Automatic ACH/EFT Payment Module

Richard Hadad, President of American Software & Computers, Inc., announces the addition of its Automatic ACH and EFT (Electronic Funds Transfer) interface payment module. Companies that provide financing for their clients want ACH/EFT because of timely and prescheduled incoming payments as well as providing a higher quality account. CreditStar’s automated payment module can accept both; electronic Checks and Credit Cards. Just add the payment routing information and CreditStar will process everything for you. CreditStar can also process one time electronic payments.

CreditStar will check for payment dates and amounts daily and will prepare all functions for the payment transfer. No more checking accounts for dates and payment amounts to be transferred. With CreditStar’s ACH Payment Module, all functions are automated.

American Software & Computers has partnered with Authorize.net to manage the withdrawal process. CreditStar clients must register and be accepted.

Only users with permission can enter the customers secure information file. CreditStar’s ACH and EFT service is also designed to manage one time payments by check or credit card. CreditStar will enter the date of the transaction in the customer’s communications log. All functions of this module have been automated. There are no limits to the number of accounts that CreditStar’s ACH/EFT module can manage. Once the transfer information is entered in the customers secured information file, CreditStar can manage the account until it is paid in full. All client information is secured.

American Software has negotiated very competitive terms for CreditStar software users.

American Software & Computers, Inc

Call 800-617-8271 for additional information.

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Article from Business Weekly

American Software & Computers Announces a New Lease Program for CreditStar Credit Finance Management Software for Small and Medium-Sized Businesses.

(ALBUQUERQUE, NM) June 27, 2008 - American Software is making it easier for small and medium-sized retail businesses to start their own financing departments. Leasing CreditStar software is an easy way to get started in financing and considerably increase profits in your company without increasing sales. Company President Richard Hadad says, "Many companies are anxious to get started in financing and with our low cost leasing program, it's easy and inexpensive to add CreditStar to their business. They already have the personnel, a desk and a computer. One person can easily manage up to 2000 accounts. By leasing, it's easy and inexpensive to add CreditStar to their business." With the new lease program from American Software & Computers, a company can start financing their own customers with CreditStar Software for only $1094.00 and as low as $299.00 per month.

Hadad says CreditStar has been developed with small and medium-sized businesses in mind. With CreditStar, flexible finance plans such as "90 days same as cash" or "no interest for 2 years" are simple to set up for your customers. Available add-ons for CreditStar are: Letter and Contract Writing, Default Interest Up-Rate, and Credit Bureau Data Reporting.

About American Software & Computers: Since 1986, American Software & Computers, headquartered in Albuquerque, New Mexico, has been totally committed to its flagship product, CreditStar. The company's experienced staff is dedicated to its continual development and improvement as a state-of-the-art consumer credit financing software. Contact: Richard Hadad at 1-800-617-8271 or www.CreditStarSoftware.com.

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American Software & Computers Announces New Software Upgrades for CreditStar Financial Management Software

7.4 upgrade allows business owners to maximize the income
from every transaction instead of giving away lucrative financing to banks.

(ALBUQUERQUE, NM)  July 28, 2007 — CreditStar, a financial management software package designed by American Software & Computers of Albuquerque, has been newly upgraded and simplified to help small and medium-sized businesses gain greater profits from their existing customers who finance their transactions. The software acts as a business’ own financing department, helping to manage all customer-financing programs with built-in tools and tracking.

“Most businesses figure that financing is best left to the banks, but they are unknowingly giving their profits away,” says Richard Hadad, president of American Software & Computers and a 40-year veteran of the consumer financing business. “In reality, there is up to 50% more profit left to be made after the initial sale – a sale that a business worked hard to earn. CreditStar simply helps a business keep this profit by acting as an in-house financing company.”

CreditStar is a modular system that includes sophisticated evaluation tools, automatic application of all interest, charges and fees and aggressive and effective collection tools. The software can generate customized statements and provide seamless credit bureau access and reporting. Modules can be added at any time, and are priced so that many companies can get started economically. Account entry is sped up with default settings, and flexible finance plans such as “90 days same as cash” or “no payments or interest for two years” are simple to set up.

“We made sure to design the software so that it’s easy to use and involves minimal training,” explains Hadad. “You don’t need to be a financing wizard or have a huge staff to run CreditStar.”

The software is fully supported for 90 days after purchase, and annual maintenance contracts, on-site training, and courses in financing and credit are available.

“There’s a reason why banks work so hard to do your financing,” says Hadad. “It is an investment that pays premium dividends - more than real estate, mutual funds or any other investment you can make. If you have a successful business, why would you invest your capital into anything else?”

 

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About American Software & Computers: Since 1986, American Software & Computers, headquartered in Albuquerque, has been totally committed to its flagship product, CreditStar. The company’s experienced staff is dedicated to its continual development and improvement as a state-of-the-art consumer credit financing software. Contact: Richard Hadad at 1-800-617-8271 or 505-293-3380.

 

Developer announces the availability of a Finance Management Outsourcing Service through Central Credit Company, Inc.

Albuquerque, NM - September 15, 2006 - American Software, the developer of CreditStar consumer finance management software, announced today that their strategic partner, Central Credit Company (a forty year old consumer credit company) is now offering a Finance Management Outsourcing service.

 

The new outsourcing service allows smaller businesses to enjoy the benefits of financing their own customers without the customary uncertainty of handling their own accounts for the first time. The service accepts medium and small businesses, internally financed accounts, and takes over their day-to-day management, including processing payments, mailing statements, and normal collection activities including credit bureau reporting, letters, and phone calls. Central Credit charges a small monthly fee for each account, with no additional transaction fees.

Companies receive full reporting of payments, interest and late fees collected. Once the customers see the ease with which the additional profits can be made they often elect to manage these accounts internally, thus pocketing all the profit. They simply purchase the CreditStar 7.3 consumer finance management software, with all their previous and ongoing data already installed. CreditStar has been developed with small and medium-sized businesses in mind, and allows a single staff member to easily manage up to 2000 accounts.

The outsourcing service allows businesses to retain the earned interest and late fees, and communicate with their customers via advertising placed into monthly statement envelopes all the while saving money, time, and labor. Powered by American Software's CreditStar software, Central Credit manages customers' accounts with a personal approach to financing and collecting, helping these businesses to develop a loyal customer base and repeat business. The system allows businesses to offer a variety of payment and interest plans, including no interest or reduced interest periods, and a choice of installment or revolving payment plans. Consumer account activity can be automatically reported to the credit bureaus. Complete activity reports can be mailed or emailed to the client businesses daily or weekly.

Company President Richard Hadad says this service offers a powerful way to ensure a steady profit and cash flow for small and medium-sized businesses: "In today's retail world, having your own finance department or service can increase your profits significantly."

 

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