Old Vericos
VERICOS EMPOWERING FLEXIBLE LOAN ORIGINATION AND CREDIT MANAGEMENT
Vericos gives financing companies flexibility in configuring workflow driven loan origination and credit management processes while retaining the power of effective and efficient disbursement and collection mechanisms. This allows for rapid deployment catering for speedy enhancements and tweaks to the system in response to business adjustments.
Highly Flexible Loan Origination and Credit Management
Modularised End-to-end, Workflow Driven System
Caters for Various Loan Product Types and Fulfillment Flows
Fully Customisable Framework Incorporating Application Logic
MAIN MODULES & SUB-COMPONENTS
- Pre-Sales
- Extension to relevant third parties
- Partner Integration for sales / white labelling
- Backoffice & Administration
- Monitoring
- Reports
- Dashboards
- Flexible Organisation
- Flexible Products
- Flexible Processes
- GUI-based Workflow Authoring
- Collection & Recovery
- Segmented Strategies by Risk, Product and/or Debt Age
- Prioritisation of Work to Reduce Cost and Improve Productivity
- Agency Collections, Repossessions, Foreclosures & Litigation
- Origination / Approval
- Pre-screening & Credit Check
- Scoring & Profiling
- Activities & Checklists
- Sales Tracking & Campaigns / Reports
- Document Management
- PDF Documents with Data & Mail Merge
- Multi-recipient Correspondence
- Documents (Scanned, Images, etc.)
- Folders & Checklists
- Bulk Segmented Document Sending
- Disbursement
- Account Creation / Verification
- Disbursement Checklists
- 3rd Party Disbursement Management
LOAN ORIGINATION SYSTEM
P2P PLATFORM
3rd PARTY DISBURSEMENT MANAGEMENT
COLLECTIONS & RECOVERY
LOAN ORIGINATION SYSTEM
- Covers All Products
- Cards
- Retail
- Corporate (SME)
- Multiple Marketing Plans Per Product
- Flexible Plan Options
- Interest Only
- Multi-phased Repayments
- Integrates Branch and Head Office Approval Processes
- Capture Applicant Details
- Key Metrics For Scoring
- Documents For Validation
- Proof of Identity
- Contact Details
- Loan Calculation Simulations And Quotations
- Loan Repayment Calculations And Schedule
- Flexible Application And Policy Validation Scoring
- Risk Based Rating and Service Pricing
- Loan Repayment Calculations, Schedule And Simulations
- Capture And Tracking Of Collateral Details
- Documentation
- Valuations
- Photo Evidence
- De-dupe Validation and External Database (Bureau, Blacklist, etc)
- Approval Process By Plan Is Definable, Routable And Tracked At Each Level Against SLA
- Loan Agreement Printing And Delivery Confirmation
- Disbursement Control For Single And Multi-Phased Disbursements
- Enables Loan Restructuring (Maintenance)
- Integration With Other Application Module For Risk-Based Loan Restructuring And Collections Strategies
P2P PLATFORM
- News / Latest Content / Promotions
- P2P FAQs and Info
- Investor Onboarding
- Borrower Onboarding
- Market / Auction Model
- Borrower Profile / Investment Opportunity (Summary)
- Borrower Profile / Investment Opportunity (Detailed)
- Investor Portfolio Management
- Investment Risk Banking
- Portfolio Performance (Current & Historical)
- Loan / Investment Return Calculator
- Self Investment / Managed Investment
- Rolling / Fixed Investment
- Insurance Bundling
- Borrowers Provision Fund
- Multi-Lingual
- Multi-Currency
- Content Management Driven (For Static Content Pages Only)
- Mobile Friendly Web and/or Mobile App
- Backoffice Management
- Integration To 3rd Party Credit Checking Providers
- Internal Scoring Engine
- Integration to Banks
- Communication via SMS, Push Notification, eMail
- Document Management For Applicants
- Standard Document Template Management
- KYC Management
- Product Set-up
- Workflow Driven
- Fee Set-up
- Loan Portfolio Monitoring
- Reporting Tools
- Customised Operational & Financial Dashboard
- BI Tools
- Social Media Linkage
- Referrals / Affiliate Marketing
3rd PARTY DISBURSEMENT MANAGEMENT
- Direct LOS Integration and Initiation
- 3rd Party Definition And Configuration With Tenancy Options
- Full End-To-End Multi-Party Collaborative Processes
- Processes Configuration By Customer/Product Type
- Support For Retail And Commercial Loans
- Workflow Driven Work Assignment And Tracking
- Partner Access, Progress Tracking And SLA Warnings And Alerts
- Multi-Level Approval Workflows, Activities & Checklists
- Exception And Escalation Handling
- Document Creation Template Forms And Correspondence
- Capture For Applicant, Asset And Process Documentation
- Shared Documents For Immediate Access
- Integrated Multi-Party, Multi-Contract, Messaging And Correspondence
- Applicant Validation Including Documents And External Assessment
- Integration Of External Services For Application Verification
- Asset Valuations, Documents And Photo Evidence
- Reporting And Dashboards For Rejections & Progression Rates
COLLECTIONS & RECOVERY
- Flexible Account Data Integration (ETL)
- Configurable Case Assignment (Workflow)
- Automated Dunning Services
- Flexible Collection Strategies (Champion, Preemptive, Etc.)
- Options For Shared (Pooled) Resource Allocation
- Call Center Optimisation (CTI, Call Scripts, Etc.)
- Automated PTP Tracking
- PTP Options For Instalments, Waivers, Fee Charges And Dispute Management
- Transaction Integration (Payments)
- Automated Follow Up & Diary Integration
- Options For Other Transaction Processing DR/CR
- Assignment To Workflow For Process Completion
- Assignment To TP For External Processes:
- Field Collections
- Agencies
- Legal Professionals For Litigation
- TP Data Integration For Collaboration And Case Visibility
- Assignment Of TP Fees & Commissions
- Customer Summary (Visibility To Related Account Case Data)
- Productivity Features (Fast Case To Case Access, CTI Options, Etc.)
- Productivity Tracking & Portfolio Risk Analysis