What does the Byrider Licensed Software allow the franchisee to do regarding collection productivity?

According to Byrider's 2025 Franchise Disclosure Document, the Licensed Software provides franchisees with the ability to monitor receivables and collection productivity. This software is part of Byrider's "buy-here-pay-here" automobile sales and collection management systems. The software also facilitates the generation of retail installment sales and security contracts from entered data.

This means that Byrider franchisees can use the software to track how well they are collecting payments from customers and manage their accounts receivable. This is a crucial aspect of the "buy-here-pay-here" business model, where the franchisee provides financing directly to customers. Effective monitoring and management of collections can significantly impact the profitability and financial stability of the franchise.

Furthermore, Byrider requires franchisees to utilize the accounting functions of the BYRIDER Computer Software and maintain the necessary hardware for electronic communication with the company's technology system. This ensures that franchisees adhere to the franchisor's standards for bookkeeping, accounting, and record keeping. Franchisees are also prohibited from using this system for any other business, ensuring that all financial data related to the Byrider franchise is properly managed and reported through the designated software.