A Comprehensive Loan Management Software
In today’s dynamic financial landscape, micro-lending institutions are navigating increasingly complex regulatory requirements and operational challenges while striving to enhance the borrower experience – a strategic differentiator. To thrive in this environment, a comprehensive loan management software that consolidates key processes like origination, servicing, and collection into one unified platform is essential.
Powered by new age technology, Achieva’s unified loan origination software and servicing solution, LoansNeo empowers micro lending financial firms, lenders, and other financial institutions to automate, streamline, and simplify various aspects of the loan cycle, from prospecting to closing deals, monitoring, and collections. With intuitive features such as digital document management, dedicated portals for onboarding and collections, built-in approvals, and intelligent reporting, LoansNeo ensures transparency and fosters stronger relationships with borrowers across various Lines-of-Businesses (LoBs), including personal loans, property loans, home loans, mortgage loans, and motor loans.
Tailor end-to-end processes to obtain custom workflows that suit the unique needs of your LoBs.
Expedite processing of your online loan applications underpinned by transaction-based document or paperwork management and tracking.
Securely manage, store, and organize your customer’s digital documents throughout the loan cycle.
Gain holistic insights on customers and loan accounts for cross-sell/upsell opportunities and seamless reporting.
Minimize delayed/missed payments and make easy EMI payments processing with dynamic collection plans and integrated payment gateways.
Assess risk quickly and accurately with borrower credit ratings based on financial standing and repayment history.
Onboard and engage customers and collection agencies seamlessly with user-friendly dedicated online portals.
Leverage actionable insights to assess portfolio credibility, risk assessment, customer behavior, and market trends for higher profitability.
Empower your teams with mobile access for efficient on-the-go loan processing.
Provide borrowers with a single source of truth for consistent and transparent loans processing.
Simplify the application process with pre-filled form fields, automated verification, easy data aggregation, and automated issue alerts.
Reduce turnaround time from weeks and days to minutes with automated data analysis, risk mitigating steps and decision-making.
Ensure timely payments with automated alerts, customized communication and borrower rating-linked insights.
Increase profitability with streamlined loan tracking, improved productivity and risk management.
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Achieva is a well-organized company with remarkably capable individuals and a highly experienced Salesforce team. Their understanding of the industry domain and our specific requirements is commendable. Communication has been excellent from the beginning to execution, with updates shared via Salesforce Cases, email, and WhatsApp for urgent matters.
Achieva has a great pool of qualified team members who bring a lot to the table with their out-of-the-box approach and creative solutions. Projects are delivered on time, and the solutions delivered are well aligned with our business needs. The team has provided unparalleled support even after going live. Their responsiveness and enthusiasm toward our ongoing needs truly set them apart.
We partnered with Achieva to help us continue to add functionality and enhance Salesforce as our Agency Management tool. The team excelled at finding solutions to the unique situations we asked them to figure out. Thanks to Achieva, we have been able to deliver multiple value-added enhancements to our Marketing team. The team continues to help with these efforts and has been a valuable part with their knowledge and ability to help with such initiatives.
Honestly, I can’t recommend Achieva enough. A team of highly versatile Salesforce experts who always keep you up to date with any changes/feedback. One thing I truly appreciate: if you're trying to deploy a new structure within your business and you're not sure how it'll work from a system level, Achieva always finds a way to make it work and tailor the design/build to the finest details. 10/10 for their innovative approach.
Loan Management Software (LMS) is a market-first digital solution designed to streamline loan administration processes in financial institutions such as banks, credit unions, non-banking financial companies (NBFC) and online lending platforms. A loan management system automates various stages of the loan lifecycle, from application and approval to servicing and repayment. Its primary objective is to enhance the efficiency of loan management workflows, improve the accuracy of credit decisions, and elevate the overall customer experience throughout the lending journey.
As a top loan origination software and management solution, LoansNeo offers lenders flexible options to collect repayments from borrowers whether through automatic debits or manual methods. It ensures prompt repayment from borrowers, updates the loan balance accurately, and amortizes both interest and principal components with each repayment. Additionally, this loan management system efficiently manages various scenarios such as part-payments, loan foreclosures, rescheduling, and waivers.
Absolutely! Achieva's loan processing software, LoansNeo offers comprehensive reporting features giving lenders valuable insights into their lending business. Accessible reports include details on active loans, balance sheets, trial balances, general ledger details, and information on due loan payments and ageing. With customizable reporting options, lenders can tailor reports to meet their unique requirements ensuring they have the precise information needed to drive strategic decisions.
A loan servicing software such as LoansNeo transforms loan management by automating key stages of the loan lifecycle, reducing manual tasks, and ensuring timely processing of applications, approvals, and repayments. This automation not only speeds up decision-making but also enhances overall workflow efficiency, empowering lenders to focus more on strategic initiatives and delivering exceptional customer service.
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