COREFIN LENDING & BANKING
COREFIN Lending & Banking is an industry digital software solution based Microsoft Dynamics 365 designed to manage the entire lifecycle of various financial products. The solution is modular based, which means that you can pick only the relevant features or cover the whole process – from the initial inquiry to cross sale opportunities and 360 degree customer view. COREFIN offers the right flexibility and scalability that enables financial institutions to offer their customers flexible conditions, superior service and user experience and thus to increase ROI and customer loyalty.
Out-of-the-box or Tailored made?
We offer a wide range of ready modular solutions as well as broad expertise in building tailored solutions. Whatever you need to see your business grow – we have it!
• Define various financial schemes with ease: our solution covers various loan and leasing products, factoring and invoice discounting, grants, mortgages, overdrafts, lines of credit and borrowings
• Be unique and give your client the needed flexibility that competitors cannot offer with custom product terms
• Customize products with various parameters like interest rates, terms, and fees to meet specific business needs
• Predefine for your products terms that could streamline the process - product specific required documents during the process, standard checklists and due diligence procedures, risk scoring criteria and many more
• Appropriate both for retail and corporate sector
• Be unique and give your client the needed flexibility that competitors cannot offer with custom product terms
• Customize products with various parameters like interest rates, terms, and fees to meet specific business needs
• Predefine for your products terms that could streamline the process - product specific required documents during the process, standard checklists and due diligence procedures, risk scoring criteria and many more
• Appropriate both for retail and corporate sector
• Streamline the application and approval process, allowing for the easy submission and tracking of loan applications
• Apply online or register an application directly in the system
• Credit Scoring Engine - assess the creditworthiness of applicants using our flexible automated scoring engine that you can administer yourself
• Store, manage, share and approve related documents securely with Microsoft Share Point
• Analyze and manage risk associated with different loans by evaluating factors such as borrower profiles, collateral, and market conditions.
• Track and manage collateral information, ensuring proper valuation and liquidity during the contract span
• Ability to define flexible approvals by specific managers or team members as well as to manage substitutions in case of sickness or holiday
• Work with product specific process flows and check lists when accessing an application
• Create and manage a thorough 360 degree client profile
• Apply online or register an application directly in the system
• Credit Scoring Engine - assess the creditworthiness of applicants using our flexible automated scoring engine that you can administer yourself
• Store, manage, share and approve related documents securely with Microsoft Share Point
• Analyze and manage risk associated with different loans by evaluating factors such as borrower profiles, collateral, and market conditions.
• Track and manage collateral information, ensuring proper valuation and liquidity during the contract span
• Ability to define flexible approvals by specific managers or team members as well as to manage substitutions in case of sickness or holiday
• Work with product specific process flows and check lists when accessing an application
• Create and manage a thorough 360 degree client profile
• Capture all related contract information and key dates with ease
• Track utilization of approved funds against specific expenditures
• Define various fees along the contract life-cycle: transfer charges, late payment fees, commitment fees, any penalty fees and many more
• Approved funds can be disbursed at once or in multiple disbursements
• Flexible interest settings: simple or compound, fixed or variable, various interest repayment schemes
• Repayment Schemes: the system supports multiple predefined or ad-hoc repayment schemes and grace periods. Custom repayment profiles can also be additionally configured
• Store, manage, share and approve related documents securely with Microsoft Share Point
• Fully automated amortization schedules and payment plan generation - all calculations are updated automatically at a granular level for increase transparency
• Flexible Amendment management and approvals
• Track utilization of approved funds against specific expenditures
• Define various fees along the contract life-cycle: transfer charges, late payment fees, commitment fees, any penalty fees and many more
• Approved funds can be disbursed at once or in multiple disbursements
• Flexible interest settings: simple or compound, fixed or variable, various interest repayment schemes
• Repayment Schemes: the system supports multiple predefined or ad-hoc repayment schemes and grace periods. Custom repayment profiles can also be additionally configured
• Store, manage, share and approve related documents securely with Microsoft Share Point
• Fully automated amortization schedules and payment plan generation - all calculations are updated automatically at a granular level for increase transparency
• Flexible Amendment management and approvals
• Automate disbursement processing - we have various international references and experience with integration with various payment processing systems and SWIFT Payments
• Repayment reconciliation: payments can be settles via direct debit or integration with another system. For batch payments, the system can manage the settlement order and close off multiple receivables with a single payment
• Late payment charges can be calculated automatically or on demand, as a late payment spread or a fixed fee
• Repayment reconciliation: payments can be settles via direct debit or integration with another system. For batch payments, the system can manage the settlement order and close off multiple receivables with a single payment
• Late payment charges can be calculated automatically or on demand, as a late payment spread or a fixed fee
• All cash and non-cash related transactions need to be reflected also in the ERP system, we have the right engine for that
• Based on predefined events - accruals or 1-off cash payments, you can predefine all events requiring GL entries using our Posting Templates
• Based on the predefined templates and the events in the system, it created automatically the credit and debit GL entries with all required dimension
• Based on predefined events - accruals or 1-off cash payments, you can predefine all events requiring GL entries using our Posting Templates
• Based on the predefined templates and the events in the system, it created automatically the credit and debit GL entries with all required dimension
• Give your clients the flexibility to access information 24/7 and to be able to interact with you online - from their computer or mobile device
• COREFIN provides borrowers with access to their personal and corporate profile information, give them the ability to apply and manage their applications online, exchange documents as well as to track status updates and review proposed terms
• Clients can access their contracts online, request disbursements or repayments, retrieve payment receipts, track their outstanding balance, make payments online
• You can add value to your borrowers by giving them access to their portfolio KPIs and performance, as well as embed a recommender based on their behavior and embedded AI capabilities for cross sale
• COREFIN provides borrowers with access to their personal and corporate profile information, give them the ability to apply and manage their applications online, exchange documents as well as to track status updates and review proposed terms
• Clients can access their contracts online, request disbursements or repayments, retrieve payment receipts, track their outstanding balance, make payments online
• You can add value to your borrowers by giving them access to their portfolio KPIs and performance, as well as embed a recommender based on their behavior and embedded AI capabilities for cross sale