Archive For The “ILP” Category

ILP Loan Management System (ILP-LMS)

ILP Loan Management System (ILP-LMS)

Modernize and Streamline Profitable Lending Growth Without Disruption

 In today’s transforming financial landscape, the financial institutions are looking for modern, technologically superior loan management system that automates key processes. The need of the hour is for systems which are scalable, fast, flexible and agile, while being cost efficient. ILP-LMS can integrate with many systems and a superior credit rating process.

ILP-LMS supports multiple facets of loan portfolio starting from prospecting to closure and monitoring. The comprehensive loan management solution facilitates financial institutions to automate the procedures for achieving cost savings and better customer experience. We deliver tech enabled lending processes that improve productivity and customer service through the entire loan lifecycle.

ILP-LMS is designed to enable robust and seamless interface with each financial institution’s core systems. In addition, through ILP-LMS’ effective user management configuration, loan portfolios are only accessible by responsible loan officers and lending staff, which greatly reduces exposure of sensitive customer information. There are numerous benefits of implementing ILP-LMS to automate loan management processes. ILP-LMS solution can immediately increase efficiency and effectiveness of the loan monitoring processes and follow through steps needed by each loan officers and lending staff and protect financial institutions against possible losses.

Benefits:

  • Cost reduction and faster loan approval using cutting edge technology/services.
  • Secure and scalable solution.
  • Deep dive into profitability analysis.
  • Compliance to regulatory reporting through comprehensive reporting module.

Enhanced operations and service levels with optimal cost.

ILP Loan Collection System (ILP-LCS)

ILP Loan Collection System (ILP-LCS)

End-to-end debt collection system with Business Process Management (BPM).

 ILP-LCS is a collection module that helps customers to implement different collection strategies for different customers to achieve the most efficient use of your scarce resources via precision targeting of customer groups.

The financial institution can no longer rely on time-consuming, error-prone and expensive manual processes, especially when resources are inadequate and time is short. ILP-LCS provides solutions to drive automation and workflow, lower days sales outstanding, mitigate credit risk, reduce dispute cycle time and improve visibility into likelihood to pay.

Benefits:

  • Reduced cost and increased productivity.
  • Agents can handle the complete end to end process of collections on the field considerably reducing the time and cost for the operation.
  • Real-time, transparent process results in increased trust on collection agents and instant query resolution through information available in the solution.
  • To decide the best strategy for classification, allocation and follow-up Actions.

ILP Credit Risk Tools (ILP-CRT)

ILP Credit Risk Tools (ILP-CRT)

Automated risk assessment and credit risk on a flexible and scalable software platform

 Whether dealing with consumer loans or commercial credits, the financial institutions need to assess credit risks associated. In the retail segment, this is done through scoring models (e.g. application and behavioural scoring) and in the corporate banking segment through risk rating models that typically involve, both quantitative and qualitative risk factors.

Automate the credit process from application to approval with seamless integration into Credit Risk Tools (ILP-CRT). ILP-CRT platform empowers you to pull credit reports, nalyse, measure and take action on a customer’s credit worthiness faster and more consistently.

Benefits:

  • Maximize Efficiency
    Access to ILP-CRT reports, coupled with the best public customer data in one platform.
  • Increase Productivity
    Instant and actionable alerts when financials, ratings and business credit reports change.
  • Rapid Deployment
    Go live in a matter of hours with no IT resources needed.

ILP Loan Origination System (ILP-LOS)

ILP Loan Origination System (ILP-LOS)

Decrease application turnaround time, launch new products quickly and proactively manage risk through ILP-LOS

ILP-LOS is a rule and workflow-driven web-based platform and tightly integrated single point of credit assessment, which allows financial institution lenders to streamline and holistically improve their standard pre-screen, underwriting and settlement process for all loan products (multi line of business).

ILP-LOS marries a mature set of features with a flexible approach. The system stands out from other solutions available on the market due to its high flexibility, which allows the adjustment of processes to the actual needs of the financial institution. The key features of the platform include:

  • Automation and end-to-end support – considerably decreases the time needed to go through credit application processing, starting from pre-screen activities such as simulation to agreement completion and complemented by process monitoring and after-sales support.
  • System connectivity – enable direct data exchange between various components and thus the platform can be the orchestrator of requests to external and legacy systems.
  • Wide range of business customization – no technical knowledge is needed to make modifications in the system, which thus enables business employees to quickly respond to changing market and legal conditions, significantly reducing time-to-market.
  • Full management of loan documentation – all printouts are based on templates to automate the preparation of loan documentation; there are modules to generate applications, contracts, schedules, etc., as well as to collect income certificates and financial statements needed in a loan process.
  • Cost savings – the platform consists of modules which provide a wide range of tools essential for sales of loan products; the modular structure implies that the financial institution is charged only for the functions they actually use.
  • Technology – ILP-LOS is based on well-tested, reliable solutions, that allow to work in a variety of client and server environments, and also provide scalability, high performance and availability.

Last but not least, ILP-LOS has a unique combination of skills under a single roof: business, technical (design and development), UX, implementation, integration, and maintenance. During the project implementation and also after the roll-out, ILP-LOS’s goal is to accompany the client in employing new ideas and processes in order to create the optimal model adjusted to their specific needs and business context.

The modular structure of ILP-LOS implies that its implementations may be performed in stages. The system modules cover the entire area of credit processes, from initial calculations and submission of the application, customer link by analysing the creditworthiness, scoring and rating assessment, up to making an automatic or manual credit decisions, signing a credit agreement and releasing the funds in the core system of the financial institution.

 

Benefits:

  • Faster processing of the loan origination cycle right from targeted market to closing.
  • Real time monitoring of loan process.
  • Greater transparency within the organization.
  • Improved flexibility to introduce new loan products (multi line of business) compliant with regulator guidelines.

Greatly reduced defaults ensuring optimum returns.

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