Total Finance Suite

8/9/2019 Total Finance Suite

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AllAll modulesmodules areare webweb basedbased

VeryVery fastfast

AffordableAffordable paypay asas youyou growgrow pricingpricing

ReliableReliable

EasyEasy toto useuse

EndEnd--toto--End Loan Origination & Management SystemEnd Loan Origination & Management System

3/20/2009 Commercial in confidence


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POS is fully integrated with all vehicle databaseproviders such as Glasses Guide and The Red Book.

Data for other products and services, such as

motorcycles, marine, aircraft and consumer electronics

equipment can easily be included.

The POS software is capable of calculating payment in

advance or in arrears. Payments can be calculated for

weekly, fortnightly and monthly payment frequencies.

Embedded payment calculations cater for Consumer

Loan, Chattel Mortgage, Hire Purchase andOperating/Finance Lease financial products. Add-onmodules for Personal Loans and Home Mortgages are

available.

The POS software is also capable of calculating credit

related insurances such as

Consumer Credit Insurance CCI, Guarantee Asset

Protection Insurance GAP and Extended Warranty

Insurance EW.

The POS software prints documents for Consumer

Loans, Hire Purchase, Chattel Mortgage, and

Finance/Operating Lease. The software can also print

insurance policy documents for CCI, GAP and EW.The software can record information of up to 2

guarantors, be they individuals or corporate. Direct Debit

and Motor Vehicle Insurance details are also recorded in

the system.

The software provides a powerful calculation engine with

the option to include Motor Vehicle Insurance premium,

CCI premium, GAP premium, Extended Warranty

premium and additional fees and charges into the

amount financed.

The Point of Sale software is designed to be used by

dealer/agent business managers and by finance brokers.

Loan applications are submitted to a financier for furtherprocessing directly from the Point of Sale Software.

The Point of Sale or POS software manages the complete business process of loan origination. The software capturesborrower information for both individual consumer and corporate customers.

The POS software is designed to allow the sale of single or multiple assets per contract whilst managing on a one asset one loan basis.

POS



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Application processing is prompt and further

enhanced as the Applicants Veda Advantage Credit

Report is automatically pulled from the Veda

Advantage databases.

The Loan Approval System has a built in scoring

module to point score individual customer

applicants.

The Loan Approval System can auto approve or

auto decline an application based on the score card

system, Veda Advantage Credit Report and

individual customer income and expense analysis.

Auto approved and auto declined messages can be

sent back to the loan originator in real time if

deemed fit by the financier.

The Loan Approval System has a powerful financial

analysis section where the Credit Officer can record

their assessments about applicants income and

expenses, credit reports, asset and liabilities and

detail about asset security. A minimum of two peopleare required to approve the application and

application amount financed must fall within the

credit limit of the approving officer before it is

approved.

The Loan Approval System has the capability to

search the financiers database for possible

applicant matches. Possible matches informationhelps the credit decision making process and also

prevents credit fraud.

The Loan Approval System LAS is designed to assist the credit department in prompt processing of a loan application.

The Loan Approval System is equipped with a powerful workflow engine which controls the flow of application between the work flow

controller i.e. Credit Manager and the Credit Officer.



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Settlement manager can quickly identify the settlement

by searching the approved applications database based

on customer name, registration number etc. The

Settlement Management System has a powerful

workflow engines that assists the settlement process.

Documents are verified against the data that existed in

the database and also against the conditions that may

have been attached to the approval.

The Settlement Management System allows multipleagencies funds disbursements.

The Settlement Management System is fully integrated

with REVS to protect against double financing.

A minimum of two people are required to authorise a

settlement.

The Settlement Management System guides the

settlement officer via settlement checklist to ensure the

settlement process is completely followed.

Upon successful settlement a contract is activated and

after contract activation, the settlement data is locked toavoid inadvertent editing.

The Settlement Management System or SMS is designed to quickly process the loan settlement once the

documents are received from the loan originator.



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This system has the capability to manage daily interestcalculation products such as Consumer Loans and

Chattel Mortgages. Interest is calculated daily but

charged to the customer account as per agreed

intervals, normally monthly but can be weekly or

fortnightly. Daily interest is calculated on the daily

unpaid balance and the system fully complies with the

Uniform Consumer Credit Code (UCCC).

The Contract Management System provides the

option to reverse payment receipts when customer

direct debit is rejected or customer check cheque? isreturned due to insufficient funds or for any other

reason.

CMS is equipped with a powerful collections module

that assists in quick recovery of past dues. Collection

module can generate overdue letters and send them

as email to customer provided customer has signed

the electronic communication consent.

The collection module can also send an SMS to thecustomers mobile phone when a payment is past the

due date.

Communication between the customer and the

collection officer is recorded in the diary for quick

retrieval.

Additional fee and charges can be created against

customer account in CMS. CMS also has the ability to

provide early termination quote when asked for by

the customer.

The Contract Management System CMS is designed to manage loans once they are settled and activated..



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Mobile Phone Technology allows

management to see the daily progress from

their sales departments as it is happening.

This system has the capability to provide up tothe minute information on individual sales

performance, for the day, week Month.

Value of contracts by turnover or profit.



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One single integrated database among all four products avoids the need for rekeying data at

different stages of the loan origination and loan management business processes.

Integrated database means no additional time is spent on tracking proposal resubmissions in the

Loan Approval System as proposal data edits are visible among all users of the database.

Single software application manages the entire loan lifecycle as users are logged onto their

respective areas based on their logon code saving time in system administration.

Powerful workflow built on advanced messaging infrastructure makes the business processes, for

loan approval, loan settlement and collections, easy to manage and data sharing, among multiple

team members, is very fast.

The scorecard built into LAS provides the ability to auto approve or auto decline a loan application.

All four systems share the same common database therefore the lists of dealers, insurance

companies and other common system parameters are only created once which makes it easy to

maintain the system administration database.

The Collections Officer can send an SMS reminder and email messages with attachment for past-

due payments.3/20/2009 Commercial in confidence


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This product suite has been built on Adobe Flex 3.0, Blas DS, Java - enterprise edition 5.0 (JEE

5.0), and MySQL database.

Client side applications run on the free Adobe Flash Player 9 and 10, Flash Lite 2.1 and AIR 1.5.

Supported Database. The product suite is database independent and supports all mainstream

Relational Database Management Systems such ORACLE, SYBASE, MySQL, Postgre-SQL, MS-SQL

Server, IBM DB2

Mobile Platform Part of the product suite supports Adobe Flash Lite 2.1 on Windows Mobile

Professional 6.1 devices and Nokia Symbian Operating System

Supported Application Servers Product suite back end engine runs in a JEE 5.0 Compliance

Application Server. All mainstream Application Servers are supported such as JBOSS, ORACLE,

BEA Web Logic, IBM Web Sphere, GlassFish etc.

Supported Server Operating Systems Linux, UNIX, Windows Server 2003, Windows Server 2005

Supported Desktop Operating Systems Windows XP, Windows Vista, Linux, Macintosh

Supported Web Browsers Internet Explorer, Firefox, Safari, Chrome Commercial in confidence

Total Finance Suite

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