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Built on the latest cloud based technology that will move your bank to the next level. It is secure. Account financial integrity is preserved. Accessible to clients from anywhere in the world and at anytime. Easy to use. Responsive to smartphones, tablets and desktops. And yet can still communicate using the very popular simple text based mobile phones.
KEY FEATURES
WORKFLOW PROCESSES
- Simple automated workflow process
- Loans
- Savings & Term Deposits
FINANCIAL INTEGRITY
- Every movement in the Account balance are traceable through transactions and audit logs – date/time stamp, user id, from what device
- Integrity check on account are done real-time
CLOUD BASED & LOCAL SERVER
- The system is optimised to run on Cloud-based hosting services
- Cloud-based systems are much more efficient in serving customers through SMS and mobile devices from anywhere in the world
- The up-time for Cloud based services is 99.99%
- Can also run on in-house managed servers
CUSTOMER REAL-TIME ACCESS
- SMS
- Smartphone &
- Tablets
- 24/7 from anywhere in the world
SEAMLESS INTEGRATION TO ANY ACCOUNTING SYSTEM
- Banksoft can integrate with any accounting systems in the world
- MS Navision, Epicor, Accpac, Sun System, MYOB, Attache etc.
PRODUCTS SUPPORTED
- Loans (Personal, Commercial, Industrial, Agricultural)
- Savings (Normal, Christmas club, Held-as-Security)
- Shares (Members’ shares in the NCSL Society)
- Benefits (Members’ benefits – Medical, Education, Death, etc.)
- Term deposits (to be available in subsequent upgrade)
- Current accounts (to be available in subsequent upgrade)
PROVISION GUIDELINES ON IMPAIRED ASSETS
- Credit Risk Rating
- Dynamic provisioning
BUILT-IN LOAN CALCULATOR TAKE INTO ACCOUNT
- Principal amount
- Annual insurance fee
- Regular Fees (Service, Transaction, Admin, etc)
- Term of the loan
- Repayment per period
- Interest per annum
ACCOUNTING REALISATION OF INCOME & EXPENDITURE
- Cash
- Accrual
TAX
- VAGST
- Withholding Tax
PRO-ACTIVE ARREARS MANAGEMENT
- Aging of arrears by months
- Principal in arrears
- Other principal in arrears
- Interest in arrears
- Extra interest in arrears
INTEREST CALCULATION
- Flat
- Reducing balance
TRANSACTION PROCESSING NEVER STOPS
- Bank will continue to process daily transactions even when the entries or end of day updates or end of month updates are falling behind
MULTI-LINGUAL (LIMITED SUPPORT)
- Internal Bank User – Financial & Maintenance Screens
- Internal Bank User – Enquiry screens
- Internal Bank User – Reports
- Customer on-line access – Enquiry screens
- Customer on-line access – Statements
SECURITY (COLLATERALS) MANAGEMENT
- All Security types
- Personal Guarantee
- Mortgage on Property
- Ships Mortgage
- Mortgage on Aeroplane
- Bill of Sale
- Lien
- Debenture
- Assignment – proceeds
- Notification
- Insurance
- Government guarantee
- Priority
- Contingent liability
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Prospective Customers for Save Loan Smart:
Save Loan Smart is well suited for Banks, Credit Unions and Financial Institutions.