Finnone Loan Management System

Finnone is a suite of financial software systems, designed to support the typical business offerings of lending institutions. This system provides solution for both asset as well as liability side of business, core financial accounting, and customer service. Customer Acquisition System, Loan Management System and Collections Management System are the major systems of finnone.
The Customer Acquisition System is a web based system that fulfills the requirements of automating loan origination and application processing operations of a lending institution. LMS also focuses on the automation of various decision making functions, such as credit checking and underwriting.
Loan Management System (LMS) provides operational support to lending institutions for the asset side oftheir business, which is primarily driven by loans.
The collections Management System help you track and follow up delinquent cases and take actions to recover the due amount. The system manages the entire collection life cycle – from making soft calls to delinquent customers to taking legal action and repossessing the asset to recover the due amount.
Finnone loan management systems automates all stages of the loan origination and management life cycle right from entering details of the applicant to tracking the repayments and closing the loan.

LMS you can perform the following tasks online:
1) Maintain loan details
2) Maintain a database of all the customers of the bank or lending institution
3) Process loan applications
4) Maintain disbursal details
5) Maintain post disbursal details
6) Print disbursal cheques
7) Generate repayment track record of the client
8) Maintain payable and receivable details automatically for each account
9) Securitize loans
Functions of the LMS are divided into 7 modules:
1) User Administration
2) Lending
3) General Ledger
4) Cheque Printing System
5) Post dated cheque printing system
6) Global Customer Database
7) End of Day

Example : XYZ company Ltd is our existing client since 2 years. We have funded Rs 900000/- for car loan at interest rate of 11% p.a. for 4 years. We need to check his repayment history as on date.

RTR Procedure as follows -:

Step 1 : Login to Finnone - >LMS

Step 2 : Enter the User id and password

Step 3 : Click LENDING button

Step 4 : Go to the EXECUTIVE DESK - > Critical Report - > Party Exposure / RTR

Step 5 : Party Exposure / RTR box open à select customer name (XYZ Company Ltd)

Step 6 : Product -> Auto Loan

Step 7 : From Date : 01/01/2008
To Date : 02/05/2010 (Current date)

Step 8 : Press OK button (Output will be generated in to PDF format.)