Loan Management
Software

can use loan management software to keep pace with the increasing number of contracts that they can no longer manage using traditional methods (e.g. MS Excel or paper documentation). Loan management platforms are able to grow with the company and will not stand in the way of future expansion.

managing the accounts of major clients (other banking houses, financial institutions, large corporations) can use a suitably chosen loan management solution to offer their clients maximum security and more efficient loan processing. Large businesses will also be best able to take advantage of the available reporting tools and contract profitability analyses.

can use the features of loan management solutions to kick-start their business and save money by reducing the demand for administration and the required number of employees.

It is a software covering a wide spectrum of functions of granting loans. Users of the system can use a single solution to manage the entire loan life cycle, from arrangement to termination.

Loan Management software’s allow users to save a significant amount of time and work by merge ring all data into 1 system, automating routine processes, and eliminating manual inputting of data.

The choice of a suitable loan management system depends on the specific needs of each company. Providers of microloans and non-bank consumer loan providers have entirely different needs. Choose a flexible solution. The fastest way is to contact our consultant to help you identify critical features and suitable LMS solutions.

Key properties are affordability, security, and the ability to cover various forms of loans. Aside from these, a good solution should offer tools for verifying the solvency of clients, a central database for storing data, and a range of analytical tools for improving your services in the future.

Both options have their pros and cons. The final choice depends primarily on the specifics of the given company. Smaller institutions, for which having their own on-site network infrastructure would be too costly and impractical, will generally favour solutions in the form of a pre-paid cloud-based web application.

The main purpose of the software is to cover the basic areas of the credit and lending agenda. This includes in particular tools and functions for managing loan origination, related credit services, monitoring of repayments, and tools for clear reporting. In a matter of seconds, the system can perform tasks that would otherwise take hours of work.

Modern loan management platforms are fully scalable and are just as useful to brand new companies and start-ups as they are to major leasing corporations. For the former group of users, loan management platforms offer basic tools for all stages of the loan life cycle, while growing or larger companies will appreciate the wide spectrum of secondary features and the ability to integrate the software into existing solutions (e.g. accounting programs, CRM, or comprehensive ERP solutions).

The installation and setup itself can be completed in a matter of hours, while implementation of customised functions can take 5-30 days. The exact time required is dependent on the customer's specific needs, demand for non-standard features, and the solution, the company is currently using.