What does the Byrider Licensed Software allow the franchisee to do regarding monitoring of receivables?

According to Byrider's 2025 Franchise Disclosure Document, the Licensed Software allows franchisees to monitor receivables. Specifically, the Byrider software programs relate to "buy-here-pay-here" automobile sales and collection management systems. The software allows for the generation of retail installment sales and security contracts from entered data.

This means that Byrider franchisees will use the software to keep track of who owes them money (receivables) and how effectively they are collecting those payments. The software also helps in creating the necessary sales contracts. This is a crucial aspect of managing the financial health of a Byrider franchise, as it focuses on the core business model of financing used vehicle sales.

Furthermore, Byrider requires franchisees to utilize the accounting functions of the Byrider Computer Software and install and maintain the hardware necessary to allow electronic communication between the Franchisee's technology system and the Company's technology system. This ensures that franchisees adhere to the franchisor's standards for financial tracking and reporting. Franchisees must also keep true, complete, and accurate records of each transaction affecting the Franchisee's Business including, without limitation, Gross Sales (Byrider Vehicle Sales), purchases, sales and other related data as required from time to time by the Company.