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This web-based solution can be used to administer any type of loan provided it has a term attached to it. So it can be used for:
Asset finance
Hire purchase
Home loans, personal loans, cash loans and consumer loans
Instalment finance
Invoice discounting
Vehicle finance
Rentals
Micro lending
Leases
Collections process
Application process
Credit score cards
Payouts etc.
Insurance claims process
Customer management processes
Scanning, document management and reporting are integral to the solution.
The diagram below illustrates how the application could be initiated from multiple sources for example: branches, head office, informal retail outles, brokers or agents etc.
The loan application is then passed through the integration layer and managed according to the customisable workflow process.
The back-office module of the solution includes a vast array of functionality, including the repayment calculation engine, billing, client database, arrears management etc. The workflow module drives the processes of the users according to the business' pre-defined criteria. This enables business owners to configure multiple workflow processes such as:
The loan application is then passed through the integration layer and managed according to the customisable workflow process.
The back-office module of the solution includes a vast array of functionality, including the repayment calculation engine, billing, client database, arrears management etc. The workflow module drives the processes of the users according to the business' pre-defined criteria. This enables business owners to configure multiple workflow processes such as:
Our loan finance solution is called "Acquire". Your customer wants to borrow money to buy an asset or just a small loan in lean times - you need Acquire to administer your business!
Your deal turnaround times are slow because of manual and paper-intensive processing
Acquire will automate the necessary steps in the process from loan application to full and final settement
Poor customer service puts your reputation at risk and could lead to possible loss of business
Once processes are automated and deal turnaround improves, Acquire enhances customer service and helps you win new business.
New products can be added easily and quickly to enhance your offering in the marketplace
Non-compliance with regulatory requirements - potential for fines and penalties
Prolonged time to market for new products
Acquire is compliant, therefore no fines and penalties to pay!
Lack of communication between departments resulting in low staff productivity
Acquire's workflow eases the bottlenecks, result: more productivity and better service to customers
General ledger systems
Credit bureaus
Data warehouses
BI tools
Loan registers
SMS providers
Collections and payment bureaus
Telephony systems
Biometric devices
POS devices
PDA solutions
Acquire can integrate to most third-party applications and specialist services, the most common are listed below:
Once the software is delivered you are empowered to take ownership and control of the solution and can make the changes necessary to your business.
Xpertek's trained and experienced consultants will configure and implement Acquire through the entire project phase. The following services are provided:
Specification and requirements analysis including workflow
Back office configuration
Configuration of processes
Documents definition and delivery
Reports definition and delivery
Conversion from existing platform
Integration
Testing
Project management
Once implemented the project moves into support mode, where our Xassist help desk system along with our experienced consultants will fully support, upgrade and maintain the software.
If you would like us to contact you regarding your specific requirements please click here.
Delivered quickly and easily via access to the Internet!
Full business continuity, including off-site data storage and standby software
Provision of Uninterrupted Power Supply (UPS) on live server
Administration of day-end processes
Daily system backups
Complete administration of the database
With this service you have access to our world-class solution at an affordable monthly cost and it will be fully managed and supported by Xpertek's experienced team of professionals.
For micro lenders and rental companies our hosted SaaS service will give you access to our loan finance software.
Xpertek Investments (Pty) Ltd
Reg No. 2003/028462/07
Reg No. 2003/028462/07
All Rights Reserved