SaaS Loan Origination and Management System
Our SaaS Loan Origination and Management System can be hosted in the cloud or on-site and includes the following core features:
Efficient and Accurate Loan Origination
• Mobile Loans: Our cloud-based loan origination system liberates you from the confines of the office, empowering you to process loans on the go.
• Product Setup: Quick and easy loan product setup, including customisable loan sizes, terms, cost calculations, and specific contracts. Interest is calculated on a daily declining balance.
• Loan Origination Process: Our SWIFT process, designed for precision and time efficiency, instils confidence in the accuracy of your loan origination. The process includes Minimum Requirement Checks, FIC compliance, DHA integration, Custom Client Scoring, Credit Checks, Affordability Calculations, Average Salary calculations, OTPs to confirm cell phone numbers, employment confirmations, and contractgeneration.
• Popup notes: Important messages can be noted on the client profile, which will appear as soon as a loan application is started.
• Cashbox Management: Our system offers a user-friendly cashbox management feature with daily balancing reports, ensuring ease of use and peace of mind.
Available Add-Ons:
• Queue Management: Our KIOSK module enables documents to be scanned while clients wait. A ticket with a number is issued, allowing easy and efficient queue management.
• Custom Scoring: We can use your data to generate tailored scoring models for your business.
• Paperless Loan Origination: Complete the loan process without needing any paper. Users and customers sign digitally, and all documentation is stored in the system.
• DebiCheck Integration: Create seamless DebiChecks as part of the loan origination process without logging into a third-party website.
• Wallet Payments: Pay the customer directly to a wallet card during the loan application process.
• Insurance Integration: Credit Protection Insurance and additional Funeral Benefits could be part of your loan process.
• Facial Recognition: Our facial recognition feature minimises fraud by ensuring the person taking the loan is present upon payout.
Manage Your Loan Book With A Smile
• Batch Payments: Upload multiple payments via Excel, processing one payment every three seconds. The Excel sheet only needs two columns – the loan number and the payment amount. The system does the rest!
• Comprehensive Loan Management: Our system provides comprehensive loan management with industry-specific reports for bad debt management, auditing, marketing, and more, ensuring all aspects of loan management are covered.
• Employer Management: Ensure that all information regarding employers is stored in one place. Managers can set up swipe day rules per employer, drawing through to Debicheck creation in the loan origination process.
• Management of Other Partners: including applicants, agents, clients, employers, tracers, and attorneys.
• Custom Search Functionality: Pin-point exact data by applying custom filters across loans, clients, partners, and more.
• Arrangement Module: Facilitates loan restructuring without affecting the age analysis, allowing easy management of new payment promises.
• Client History: Comprehensive history information is saved, including mobile number and address history and any notes made on a loan or the client profile by a user.
Available Add-Ons:
• Tasks: This module has been built with the custom processes of each microfinance business in mind. Create your tasks to be followed during in-branch follow-up procedures, with rules linked to specific outcomes and the following task types.
• Tracer Module: This module simplifies the management of clients handed over to internal tracers, with complete Trace Packs that can be handed to a Tracer upon handover.
• SMS Activation: Send SMS messages directly through the system, individually or in bulk.
• Custom Dashboards: Provides at-a-glance visibility into critical data tailored to your business needs.
Compliance Made Easy
• MNI Guidelines: The NCR Minimum Necessary Expense Guidelines are built into the Affordability Check, ensuring no user errors.
• Rates & Fees Calculations: A leading lawyer in the microfinance industry has audited all calculations in the system, and desktop compliance audits by the NCR have proven no issues with our fee and interest calculations.
• NCR Form 39: This form can be drawn from the system in minutes, with all necessary data to be reported to the NCR.
• Regulation 19(13): We provide a data extract that can be uploaded to the SACCRA hub according to industry standards.
• POPIA: We are POPIA compliant, and our data protection standards are among the highest in the microfinance industry.
Available Add-Ons:
• L702 Submissions: We can act as your ALG and submit and manage all your L702 submissions automatically, saving you the stress of timely and accurate submissions.
A Simplified User Setup and Experience
• User Rights: Flexible user rights are set up for head office users, branch managers, loan officers, and collection officers.
• Overrides: Manager Overrides are available at specific points where the branch manager can override system decisions. Each override will appear on the Audit Report.
• Remote Management: If you have internet, you can log into your system from anywhere! Our cloud-based system ensures oversight and access to the data in your branches, even if you cannot be there physically.
Available Add-Ons:
• Leave Management Module: Simplifies tracking of all leave types, customisable to your organisation's policies.
