In the face of a changing economic climate, commercial lending institutions are raising, already high, standards. With consumers becoming more cautious about taking on new commitments, commercial lending institutions need to leverage the power of IT to meet these new challenges. Birlasoft provides Leasing & Lending solutions, which allow organizations to meet their technology demands and adapt better to a dynamic environment.
Client Challenges
The rising standards of regulatory bodies, as well as of leasing & lending institutions themselves lead to numerous challenges, such as:
- An ever-increasing demand for better mortgage & leasing products along with reverse mortgages & consortium loan products
- Transaction tracking tools, as well as interfacing loan modules to core banking
- Regulatory compliance and monitoring tools
- Fast tracking loan recovery or verification of security
- Loan origination issues as well as lending management suites
What Birlasoft Provides
Birlasoft’s Leasing & Lending Service includes a package solution that offers:
- A trigger-based accounting engine that contains general ledger positioning
- A rule-based engine to assess loan qualifications and pricing
- Special package features that deal with operational features such as:
- Audit Trails
- Collateral Management
- Insurance Details
- Brokerage Details
- Risk Rating
- Loan Pricing
Business Value
- Use of a completely integrated, off-the-shelf offering, reducing time of implementation
- Garner a comprehensive functional spread
- Reduced turnaround time for solution implementation, thereby reducing time-to-market for products & services
- Access to a ready-to-use referential framework that simplifies business requirement comprehension, and subsequent articulation, in accordance with the final solution
- Lower implementation costs as the solution is highly parameterized, allowing launches with minimal changes