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AllAll modulesmodules areare webweb basedbased
VeryVery fastfast
AffordableAffordable paypay asas youyou growgrow pricingpricing
ReliableReliable
EasyEasy toto useuse
EndEnd--toto--End Loan Origination & Management SystemEnd Loan Origination & Management System
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POS is fully integrated with all vehicle databaseproviders such as Glasses Guide and The Red Book.
Data for other products and services, such as
motorcycles, marine, aircraft and consumer electronics
equipment can easily be included.
The POS software is capable of calculating payment in
advance or in arrears. Payments can be calculated for
weekly, fortnightly and monthly payment frequencies.
Embedded payment calculations cater for Consumer
Loan, Chattel Mortgage, Hire Purchase andOperating/Finance Lease financial products. Add-onmodules for Personal Loans and Home Mortgages are
available.
The POS software is also capable of calculating credit
related insurances such as
Consumer Credit Insurance CCI, Guarantee Asset
Protection Insurance GAP and Extended Warranty
Insurance EW.
The POS software prints documents for Consumer
Loans, Hire Purchase, Chattel Mortgage, and
Finance/Operating Lease. The software can also print
insurance policy documents for CCI, GAP and EW.The software can record information of up to 2
guarantors, be they individuals or corporate. Direct Debit
and Motor Vehicle Insurance details are also recorded in
the system.
The software provides a powerful calculation engine with
the option to include Motor Vehicle Insurance premium,
CCI premium, GAP premium, Extended Warranty
premium and additional fees and charges into the
amount financed.
The Point of Sale software is designed to be used by
dealer/agent business managers and by finance brokers.
Loan applications are submitted to a financier for furtherprocessing directly from the Point of Sale Software.
The Point of Sale or POS software manages the complete business process of loan origination. The software capturesborrower information for both individual consumer and corporate customers.
The POS software is designed to allow the sale of single or multiple assets per contract whilst managing on a one asset one loan basis.
POS
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Application processing is prompt and further
enhanced as the Applicants Veda Advantage Credit
Report is automatically pulled from the Veda
Advantage databases.
The Loan Approval System has a built in scoring
module to point score individual customer
applicants.
The Loan Approval System can auto approve or
auto decline an application based on the score card
system, Veda Advantage Credit Report and
individual customer income and expense analysis.
Auto approved and auto declined messages can be
sent back to the loan originator in real time if
deemed fit by the financier.
The Loan Approval System has a powerful financial
analysis section where the Credit Officer can record
their assessments about applicants income and
expenses, credit reports, asset and liabilities and
detail about asset security. A minimum of two peopleare required to approve the application and
application amount financed must fall within the
credit limit of the approving officer before it is
approved.
The Loan Approval System has the capability to
search the financiers database for possible
applicant matches. Possible matches informationhelps the credit decision making process and also
prevents credit fraud.
The Loan Approval System LAS is designed to assist the credit department in prompt processing of a loan application.
The Loan Approval System is equipped with a powerful workflow engine which controls the flow of application between the work flow
controller i.e. Credit Manager and the Credit Officer.
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Settlement manager can quickly identify the settlement
by searching the approved applications database based
on customer name, registration number etc. The
Settlement Management System has a powerful
workflow engines that assists the settlement process.
Documents are verified against the data that existed in
the database and also against the conditions that may
have been attached to the approval.
The Settlement Management System allows multipleagencies funds disbursements.
The Settlement Management System is fully integrated
with REVS to protect against double financing.
A minimum of two people are required to authorise a
settlement.
The Settlement Management System guides the
settlement officer via settlement checklist to ensure the
settlement process is completely followed.
Upon successful settlement a contract is activated and
after contract activation, the settlement data is locked toavoid inadvertent editing.
The Settlement Management System or SMS is designed to quickly process the loan settlement once the
documents are received from the loan originator.
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This system has the capability to manage daily interestcalculation products such as Consumer Loans and
Chattel Mortgages. Interest is calculated daily but
charged to the customer account as per agreed
intervals, normally monthly but can be weekly or
fortnightly. Daily interest is calculated on the daily
unpaid balance and the system fully complies with the
Uniform Consumer Credit Code (UCCC).
The Contract Management System provides the
option to reverse payment receipts when customer
direct debit is rejected or customer check cheque? isreturned due to insufficient funds or for any other
reason.
CMS is equipped with a powerful collections module
that assists in quick recovery of past dues. Collection
module can generate overdue letters and send them
as email to customer provided customer has signed
the electronic communication consent.
The collection module can also send an SMS to thecustomers mobile phone when a payment is past the
due date.
Communication between the customer and the
collection officer is recorded in the diary for quick
retrieval.
Additional fee and charges can be created against
customer account in CMS. CMS also has the ability to
provide early termination quote when asked for by
the customer.
The Contract Management System CMS is designed to manage loans once they are settled and activated..
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Mobile Phone Technology allows
management to see the daily progress from
their sales departments as it is happening.
This system has the capability to provide up tothe minute information on individual sales
performance, for the day, week Month.
Value of contracts by turnover or profit.
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One single integrated database among all four products avoids the need for rekeying data at
different stages of the loan origination and loan management business processes.
Integrated database means no additional time is spent on tracking proposal resubmissions in the
Loan Approval System as proposal data edits are visible among all users of the database.
Single software application manages the entire loan lifecycle as users are logged onto their
respective areas based on their logon code saving time in system administration.
Powerful workflow built on advanced messaging infrastructure makes the business processes, for
loan approval, loan settlement and collections, easy to manage and data sharing, among multiple
team members, is very fast.
The scorecard built into LAS provides the ability to auto approve or auto decline a loan application.
All four systems share the same common database therefore the lists of dealers, insurance
companies and other common system parameters are only created once which makes it easy to
maintain the system administration database.
The Collections Officer can send an SMS reminder and email messages with attachment for past-
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This product suite has been built on Adobe Flex 3.0, Blas DS, Java - enterprise edition 5.0 (JEE
5.0), and MySQL database.
Client side applications run on the free Adobe Flash Player 9 and 10, Flash Lite 2.1 and AIR 1.5.
Supported Database. The product suite is database independent and supports all mainstream
Relational Database Management Systems such ORACLE, SYBASE, MySQL, Postgre-SQL, MS-SQL
Server, IBM DB2
Mobile Platform Part of the product suite supports Adobe Flash Lite 2.1 on Windows Mobile
Professional 6.1 devices and Nokia Symbian Operating System
Supported Application Servers Product suite back end engine runs in a JEE 5.0 Compliance
Application Server. All mainstream Application Servers are supported such as JBOSS, ORACLE,
BEA Web Logic, IBM Web Sphere, GlassFish etc.
Supported Server Operating Systems Linux, UNIX, Windows Server 2003, Windows Server 2005
Supported Desktop Operating Systems Windows XP, Windows Vista, Linux, Macintosh
Supported Web Browsers Internet Explorer, Firefox, Safari, Chrome Commercial in confidence