LOAN MANAGEMENT SYSTEM

Allows flexible deployment options, cloud-based operations with no desktop installation footprint

End-user support and costs are greatly reduced compared to traditional installations

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 health

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. )

Our loan management system can manage both multi-currency and multi-lingual requirements

Ideal for multi-territory and cross-border deployment

Comprehensive and flexible 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.

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