Core Finance Software for NBFC/MFI
Non-Banking Financial Companies (NBFCs)
NBFCs play a crucial
role in offering loans, investments, and other financial services. Our Core NBFC
Software is designed to address the unique challenges faced by NBFCs, such as
regulatory compliance, cost management, and customer relationship handling.
This software streamlines operations through automation, enhances efficiency,
and provides advanced data management tools. Our Software Solution empowers
NBFCs to operate more effectively and deliver exceptional customer service.
Loan Origination Software (LOS)
Loan Origination Software makes
getting a loan way easier. The software automates the entire process, from a
customer's initial application to loan approval. Customers can conveniently apply
online, while NBFCs can effortlessly track and manage applications. This reduces
processing times and enhances customer satisfaction.
Loan Management Software (LMS)
Loan Management Software manages
the entire loan lifecycle, from initiation to final repayment. It covers important steps like
checking identities, assessing credit scores, and disbursing funds, making sure
loans move smoothly and efficiently. The LMS gives real-time updates on how
loans are doing, helping lenders manage their portfolios better.
Financial Accounting Software (FA)
Financial Accounting Software
designed to simplify financial reporting and ensure compliance. It accurately records
transactions, adheres to all regulatory requirements, and generates financial
statements automatically.
Microfinance loans/Group loans
In our NBFC software we provide a complete solution designed
for MFIs, simplifying loan origination, credit assessment, and
disbursement while maintaining risk management and compliance. Our platform
supports group lending, SHG/JLG financing, digital repayment collection, and
full loan lifecycle management. Our Software Solution gives MFIs the ability
to scale effectively, lower operating costs, and increase client outreach while
adhering to regulations through advanced analytics, mobile-based operations, and
automated workflows.
Using our Core NBFC Software, NBFCs and MFI can run their operations more smoothly, increase profits, and deliver better customer experiences in a competitive financial environment.
Solutions:
Core NBFC Software offers a range of advanced tools specifically designed for the NBFC sector:
Loan Origination Software:
- Makes loan application processing smooth with automated steps and real-time tracking.
- Simplifies customer sign-up using Aadhaar-PAN checks and central KYC compliance.
- Speeds up the process by letting you submit and handle loan papers digitally and instantly.
- Provides advanced credit scoring tools for accurate borrower assessment and risk evaluation.
- Supports multiple loans including Housing, Vehicle, Personal, Loan Against Property, Educational, and Gold Loans under Retail loans, and Professional, Term, Pledge, and Hypothecation Loans under Business loan.
- Connect other systems for credit checks and getting financial information.
- Keeps updated in real time about the status and progress of loan applications with alerts.
- Meets legal requirements using pre-set approval forms and records of all changes.
- Provides analysis and useful insights to help make better decisions and run operations efficiently.
- Facilitates seamless collaboration among departments, improving productivity and customer engagement.
- Supports custom workflows to fit different loan types and approval processes.
Loan Management Software:
- Centralizes customer info for easy access and better decision-making.
- Automates KYC compliance to make onboarding smooth.
- Enables instant customer verification using Aadhaar and PAN details.
- Manage loan and advance accounts smoothly from start to finish.
- The Alert System sends you quick notifications about payments, approvals, or any important updates.
- Generate custom loan statements and account passbooks.
- Set up various loan products to fit market demands.
- The Charges Module keeps track of all fees, penalties, and other charges accurately.
- Gives a unified view of customer accounts for better service.
- Simplify the process of evaluating group loans for SHG and JLG models.
- Overdue Management watches over late accounts and makes it easier to recover payments.
- The SMS Module sends automatic text alerts for loan updates and payment reminders.
- NPA Management automates the process of watching over and planning the recovery of assets that aren’t performing well.
Financial Accounting Software:
- Keeps track of all financial transactions through journals and vouchers for precise record-keeping.
- Manage investments to help get the best returns and stay compliant with regulations.
- Ensures transactions between different branches are accurately reconciled.
- GST calculation and posting on service charges are automated.
- Automates reconciliation of bank accounts to ensure accuracy.
- Graphical MIS (Analytika, Dashboards) shows visuals and dashboards for informed decision-making.
- Deadstock Management manage inactive inventory items effectively.
- RTGS/NEFT Transaction Integration support real-time fund transfers and settlements.
- Generates important financial statements like the trial balance, profit and loss statement, and balance sheet for reporting and analysis.
Key Features:
- Comprehensive lifecycle management for loans from origination to recovery.
- Automated processes and easy-to-use interfaces for applying for loans.
- Automatically generate journals, vouchers, and financial statements.
- Efficiently tracks and manages group meetings to ensure regulatory compliance.
- Facilitates the group creation formation of Self-Help Groups (SHGs) and Joint Liability Groups (JLGs).
- JLG & SHG Loan Management streamlines loan origination, disbursement, and repayments for group-based loans.
- SMS and WhatsApp alerts for timely notifications.
- Unified customer view, customizable statements, and special instruction tracking.
- C-KYC integration, credit bureau updates, GST-compliant processes.
- Graphic MIS dashboards and branch-level reporting.
- Smartphone and tablet apps for field transactions, customer onboarding, and account management.
Value Delivered:
- Streamlines loan origination, disbursement, and recovery workflows, enhancing operational efficiency.
- Ensures regulatory compliance with integrated C-KYC, GST, and credit bureau updates.
- Reduces operational costs through automated processes and centralized management.
- Improves customer experience with faster loan processing, personalized services, and mobile-based field operations.
- Enhances data-driven decision-making with real-time analytics and graphical MIS.
- Supports scalable growth for NBFCs and MFIs with configurable modules and apps tailored to diverse loan products and business needs.
