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Solutions
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Savings & Loan Managers
SAVINGS & LOAN MANAGERS is a comprehensive on-line, real-time system that handles Deposit &
Loan Management, Collection, and Remittance Management.
PRODUCT OVERVIEW
Industry Feature
Members Information System
Designed to enable the association to monitor its members'
membership status, employment status, the number of times a member has
co-made a loan, what type and how many accounts a member has, classification
of account, members statistics, and monitoring of a NSSLA's Board of
Directors.
Teller's Transaction System
Designed for encoding all the deposit transaction,
withdrawal transaction and over-the-counter loan payments that the tellers
receives from the member. It also enables the user to do individual
cheque downfloating, printing of uncleared cheques, reversing cleared
cheques, interest computation and posting, dividend computation and
posting, monitoring of accounts payable, and inquiry of a member's lowest
/ average daily balance.
Loan Information System
Designed for processing loan applications and monitoring
of current loans, past due loans, and loans on litigation.
Collection and Remittance System
Designed to enable the association to collect deposits
and loan payments via company remittances. It enables the association
to monitor the members loan delinquency status, past due loans, loans
on litigation. It also enables the user to do collection advisement,
downloading and uploading of remittance, remittance distribution, posting
of remittance, printing of demand letters, collecting arrearages from
deposit, classification of loans and many more.
Election And Canvassing System
Designed to speed-up the election and canvassing of
the NSSLA's Board of Directors that is held every two or three years.
It provides a monitoring of proxy votes, establishing voting rights,
processing of qualified voters voting rights, a precinct file maintenance
module, printing of ballots, processing of proxy votes, and the canvassing
proper.
Short Message Services (SMS)
The association has the option to use SMS to send loan
payment information to delinquent members.
Industry Benefit
- Designed and proven for Philippine Savings & Loan Associations
- Complete membership servicing.
- Complete savings or deposit servicing.
- Complete collection servicing.
- Unlimited loan capacity.
- Actuarial Interest capable. Repayment schedules includes weekly,
monthly, semi-monthly, quarterly, semi-annually and annually
- Handles payments for constant principal and declining interest
loans.
- Produces amortization schedules that reflect breakdown of principal
and interest for the full loan term.
- Generates comprehensive and digestive management reports designed
for decision making.
- Open System solution
- Locally developed
- Source Code Availability
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