LOAN MANAGEMENT SYSTEM

The L M System is a complete multi-user loan management system. It is used to control the day to day transactions as well as offer comprehensive management information. It is specifically designed to meet the unique requirements of organisations with Installment Debtors. The system can be used by banking institutions, micro-lenders, financiers as well as retail institutions using installment sale type transactions eg. furniture companies, computer companies, etc.

The system is designed to cater for the tracking of a deal from the quoting stage right through to the settlement or natural expiry. It handles all the unique requirements of this industry such as repossessions, electronic payments, structured collections, readvances etc. All these transactions are summarised into meaningful management and accounting information. L M System is designed for ease of use by front line staff, customer service staff and management.

Built into the system are numerous parameters that allow the system to be adapted to suit the needs of each individual institution. As a result the system can cater for many variations of company, branch, dealer and salesman structures. Various tables are kept to enable the institute to tailor the system to include or exclude data specific to that institution.

However, no matter how many parameters and tables are supplied with a system there will always be unique requirements that will need to be specially written for that particular institution. The L M System is written using a 4GL language and as a result special requests are quickly and easily implemented. Our philosophy is to ensure that each institution gets exactly what they need to run their business and not to be dictated to by the limitations of the computer system.

The L M System runs on most of the popular multi-user platforms, making it hardware independent. This allows the user to select their own hardware or to use existing equipment. Numerous features such as pull down menus, function keys, menu bars etc. make the system extremely user friendly.

The L M System has recently been completely re-written to make use of latest technology and to include latest concepts. This therefore is a state of the art system ready for today’s business requirements.

Background LMS is a multi-user credit installment management system, designed to meet the unique requirements of asset based finance organizations. Methodology LMS is written using advanced application development tools. This flexible environment allows the user to implement the standard LMS system as is, or alternatively customize to facilitate specific requirements. Deals Full range of deal types, including: · Linked / Fixed · Advanced / Arrears · Staggered payment plans · Residuals · Re-advances and more. Insurance · Annual, monthly and own insurance recording · Computerized payment advises · Commissions Transactions · New deals · Manual and ACB receipting · Escalations · Settlements · Journals · Past due interest · Earnings and more. Corporate Agreements · Special corporate schemes · Holding company exposures · Common payment dates · Facilities management Front End · Quoting · Online deal capture · Authorization · Document printing · Tracking Security · User and password control · Encrypted passwords · Audit tracking Enquiries · Client balance and full transaction history · Finance and capital tracking · Exposures · Quotations · Settlement enquiries · Collections · Full search facility Repossessions · Enquiries · Stock listings and holdings · Monthly sales statistics · Loss exposure Customer Collections · Automated lists for daily collections · Memo pad per agreement · Diary follow-up sub-system · Legal tagging · Letter generation · Suspension of interest earning on bad debts · Complete provisions sub-system Reports Full range of standard reports covering: · General Ledger · Audit trail and balancing · Arrears · Statistics · Letters · Statements and many more A report writer caters for other specific requirements

 

Finance and Admin Statistics Report (in various groupings) Budget Report (in various groupings) Audit Reports   · Audit summary debtors transactions, UFC, BV · Audit detail posted, non posted Management Reports -specified by user   · Cash Flow · Interest Analysis Statutory Reports -specified by user   · Reserve Bank Reports General   · Credit Balances · Nil Balances · Settled Accounts · Additions · New insurance Tables   · Masterfile Lists · Tables General Ledger -journal entries for posting Amortisation   Front End Agreement schedule Insurance schedule Delivery Notes Introductory letter Customer Services Pre -Legal   · Consolidated Arrears · Statistics (arrears percentages of total book) · Less than one installment in arrears · Settlement Quote · Daily arrears reports · Diary reports Legal   · Consolidated Legal Arrears · Legal Debtors listing · Bad debts reports · Diary reports · Tagged Accounts Insurance   · Bordereau Group Scheme   · Bordereau General   · Selected no of months in arrears report · Expired accounts · First installment defaulters Letters   · User Defined Repossessions General Statements Month end reports Settlement quotes Enquiry prints Screen dumps

 

The Legcy L M System This is a complete system with all modules i.e. Collections, Front End, Reporting ,etc. The customer can change any aspect of the system according to their own requirements e.g. if an unusual financial calculation is required or a specific financial product needs modification.

The Core L M System Only the core functions of a financial organisation are included, i.e. the Financial Transactions, General Ledger Interfaces and Fundamental Reports (Audit Trails, Sales Reports, Statistics ). This core will not be modified on an individual customer basis. New, upgraded version will be released from time to time. Non core operations e.g. Collections, Front End, Report Writing can be purchaced or outside systems can be 'clipped' onto the L M System using data warehousing.