Loan Management System
A World Class Loan Management System for Demanding Lending Applications
Our loan management systemÂ is a modern, state-of-the-art loan processing and tracking system with the following key characteristics :
- Allows flexible deployment options, cloud-based operations with no desktop installation footprint
- End-user support and costs are greatly reduced compared to traditional installations
- Multi-lingual and Multi-currency handling built-in
- Our loan management system can manage both multi-currency and multi-lingual requirements
- Ideal for multi-territory and cross-border deployment
- Loan calculations are accurate and handle rate-changes and repayment schedule changes with ease – no more unexpected balloon payments at the end of a loan period!
- The system has been audited by prominent audit firms with a clean bill of healt
- Built-in workflow and document management
- All business rules and finance processes e.g. disbursements, repayments, write-offs, rate changes etc. are workflow managed reducing risk and fraud.
- Separation of Duties (SOD) is enforced for key processes that may incur financial loss due to fraud
- A full transaction history is maintained with time and user identification for forensic audit purposes
- Parameterized product definition
- Comprehensive and flexibleÂ to allow lenders to customize their products to their unique requirements
- Allowing for repayment holidays, tiered interest rates, rate and fee changes, disbursement in tranches, loan consolidation, balloon payments, loan restructuring and interest suspense.
- Other standard featuresÂ :
- Create a loan ( interest rate, period, capital, fees, disbursement date, payment date, amortisation schedule)
- Manage a loan (track disbursements, repayments, arrears, rate changes, adjustments, write-offs)
- Manage payments (reconcile payment files received banks, ageing report, statements)
- Provide monthly GL reports for input into a third party accounting system (e.g. Pastel).
- Batch processing (disbursements, statements, rate adjustments)
- Portfolio reporting (Total Loan value, outstanding capital, outstanding interest, outstanding fees, accounts in arrears, value in arrears, period in arrears, legal /handed over, interest, fees and capital written off, interest suspended. )