Industries LMS is geared for
LMS is specifically designed to meet the unique requirements of organisations with Installment Debtors
LMS - LOAN MANAGEMENT SYSTEM
LMS 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. 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. LMS is designed for ease of use by front line staff, customer service staff and management.
In order to have the best experience, use Frontier as your origination and credit vetting system that will automatically integrate with LMS, reducing unnecessary data capture. This is a powerful from start to finish credit risk solution.
LMS Features
- LMS is a multi-user credit installment management system, designed to meet the unique requirements of asset based finance organizations.
- 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.
- Transactions: New deals · Manual and ACB receipting · Escalations · Settlements · Journals · Past due interest · Earnings and more.
- Front End: Quoting · Online deal capture · Authorization · Document printing · Tracking
- Insurance: Annual, monthly and own insurance recording · Computerized payment advises · Commissions
- Corporate Agreements: Special corporate schemes · Holding company exposures · Common payment dates · Facilities management
- 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