Loan Application System
Our Loan Application System, aka, Digital Lending Platform is an end-to-end workflow based solution enhanced by user-friendly features designed for seamless corporate lending: it can easily handle any complex product or company structures. The applicants can easily apply for a loan online, their submissions are then acessed by back-office staff through the Portal for further processing.
What DigiManiax Loan Application System (LMS) can do?
Our Loan Application System is a comprehensive system that will run all critical stages of the lending process starting from data collection until fund disbursement – automating all the steps in between. It is designed to fit the market need for digital and automated lending experience.
1. Client Acquisition
- Automated Registration Process for loan applicants.
- Automated Loan Application Process for loan applicants.
- Credential and contact information management
2. Loan Application
- Online loan application and self-service portal
- Pre-screening
- Loan purpose identification
- Product selection
- Documents upload
3. Disbursement
- Check disbursement conditions
- Record disbursement in core system
4. Contract Management
- Check conditions
- Document checklist
- Contract generation
- Signature process
5. Supported Loans
- Business loans
- Investment loans
- Revolving loans
- Short-term loans
- Credit cards
- Operating loans
- Loans for purchase (interest or share)
- Refinancing loans
6. Other Features
- Feasibility Analysis
- Loan approval and rejection
- Workflow and moduled back-office interfaces for various corporate users. Separation of Duties (SOD) is enforced for key processes that may incur financial loss due to fraud.
- All business rules and finance processes e.g. disbursements, write-offs, repayments, rate changes are workflow managed. This ensures reduction of risk and fraud.
- A full timestamped transaction history is maintained with user identification for forensic audit purposes
- API integration – Automated activation of loans to our DigiManiax Loan Management System (LMS). The API can also be used to integrate to any Loan Management System of choice.
7. Benefits
- Cost reduction with optimised processes, flexible toolset, changeable rules, screens, dataset, workflow.
- Shorten origination processes through the use of automation, document management and integration.
- Improved sales effectiveness with omnichannel capabilities and enhanced customer experience
