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LOAN MANAGEMENT SYSTEM

A WORLD CLASS LOAN MANAGEMENT SYSTEM FOR DEMANDING LENDING APPLICATIONS

Our loan management system is a modern, state-of-the-art loan processing and tracking system with the following key characteristics:

Web-based

  • Allows flexible deployment options, cloud-based operations with no desktop installation footprint
  • End-user support and costs are greatly reduced compared to traditional installations

Accurate

  • 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

Other standard features

  • 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. )

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

Parameterized product definition

  • 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.

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

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