WebERP HirePurchase & BlockDiscount Master

Hire Purchase and Block Discount modules are integrated web-based software to make it easier for businesses operation and manage the daily financial transactions.
The system is compliance to MAS Rule78 calculation for principal and interest. Monetary Authority of Singapore (MAS) Rule of 78 calculation is a method of allocating the Term Charge (interest) on a loan across the payment tenure (periods).
The system will automatically compute the interest and principal, late charges, overdue interest fee (OD Interest / OD Fee) according to the Hire Purchase Agreement terms and conditions. Ready formats for Reminder Letter, 4th Schedule Notice, Repossession Letter, 5th Schedule Notice
Optionally can link the system for Automatic reminder by SMS and Email.


We kept ourselves awake to deliver our systems in the shortest time possible.


We prefer coffee than beer. But lately, we kinda get a hang on Sake :).


Probably 1 million keystroke is used per project hence we developed muscle.




Web-based Hire Purchase & Block Discount Master
consist of Hire Purchase (Accounts Receivable), Instalment Collection, Settlement Enquiry, Full Settlement, Block Discount (Accounts Payable), update payment to finance, Giro collection and payment.
Transaction Management
Keep track of Daily and Monthly HP Instalment Collection, HP Early Settlement, Surrender, Repossession, Update finance payment and settlement finance
MAS Rule 78 calculator
Calculation of principal and interest of each instalment collected based on Rule78 computation. Auto-compute Late Charges and Overdue fee accordingly & etc
HP Agreement Management
The system help to print the full set of agreement correctly.
Disbursement Management
Recording of commission payable to salesman, Loan disbursement, Dealer Commission Payment.
HP Instalment - Adjustment Management
Allowing reversing of HP Instalments collection.
Early Settlement Enquiry Management
Any Admin Staff can easily check on customer full settlement outstanding amount without mis-calculate it. The system will guide user to check correctly.
Log / Notes Management
The system allow to capture the full transactions of the customer and including communicational records to ease the Admin Staff on following up with the customer.
Documents Management
Allowing to upload all relevant documents to each case correctly.
Instant Print
Print Receipt upon collection, print Settlement Receipt upon settlement.
Print Multi-Payment for monthly payment to banks and finance companies.
Instant Daily Report
Daily Collection, Daily Payment Listing, Reminder Letter, 4th Schedule Notice, Repossession Letter, 5th Schedule Notice
Management Report
HP Summary Listing, HP Default List, Hire Purchase Ledger, HP Earn and Unearn Report, HP Full Settlement Listing

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