NBFC Software
NBFC Software Solutions
Xentric Technologies is a leading NBFC’s software provider in India. Our comprehensive software application designed for NBFCs and Microfinance companies, the software has been developed from scratch to cover the entire working of a Company/Firm involved in Hire Purchase and related Business. Our focus being on the management and control of business apart from keeping accounts, Our Core Development team has its roots in the finance industry and an experience of over 4 years.
What do we Offer?
Xentric has come up with a web based Loan Management Software (LMS) used for loan processing, loan underwriting, loan compliance, and loan file retention. Our LMS allows users to easily create a Paperless Loan File and share it with anyone in the world. LMS is a great compliment to any loan origination software that you currently utilize. The Lending module supports the requirements of various kinds of Retail and Corporate loans such as auto loan, personal loan, home loan, education loan, dealer funding. The product covers the entire life cycle of a loan transaction right from product definition, application processing and documentation, billing and accruals, processing of post dated instruments to rescheduling, foreclosure, and termination. Xentric provides hosted document management solutions for mortgage companies, loan processing companies, and banks.
Our software Solution Caters to
- Vehicle Finance Company
- Loan against Property
- Loan against Gold
- Micro Finance companies
- Bank Channel Partner
LMS that is designed to handle lifecycle of a loan post origination until termination. LMS assists banking and finance companies in servicing the approved loans, disbursals, accruals, billing, repayments, non performing assets tracking, provisioning, re-pricing, termination handling, document tracking and insurance tracking. LMS also supports the requirements of Leasing, Hire Purchase, Consumer Finance, Housing Finance business and Heavy Vehicle finance.
It is a highly parameterized module that assists banking and finance companies in introducing new product offerings and tailor made schemes. Thereby, reducing bank’s time-to-market and automate processes so as to provide a distinguish factor to the new offers and schemes within the retail loan space. The module also has a full-fledged application processing system to meet the needs of high volume businesses. Its modular design facilitates rapid deployment. It also enables tailor-made to requirements implementation with scalability and ramp-up options. NBFC Software creates automated processes for receiving documents from all parties involved in the processing of any mortgage loan file. Loan Management Software automates the digital conversion and indexing of loan file documents. Users with permissions can annotate, re-assign, or modify (rotate, re-order, delete, extract, compile) documents directly within the software. LMS maintains an event log file, which includes accessing a mortgage loan file, modifying mortgage data, accessing of mortgage documents, modifying mortgage documents, receipt of mortgage documents, sending mortgage documents, and more.
Essential Features:
- Easy To Use Software “User Friendly” And Powerful.
- Partial Payments Are Accurately Calculated / Tracked.
- Loan Payment Postings Are Easily Entered.
- Charge / Collect Late Fees.
- Charge / Collect Miscellaneous Fees.
- Various Reports:
- Accounting Detail / Summary Report
- Late Notices
- Delinquency Report
- Payment Coupons or Monthly Statements
- Loan Payment History
- Miscellaneous Charges / Fees Report
- Account Reference Listing
- Other Reports etc.
