Mitigate Losses On Loan Payback With Simplified And Streamlined Monitoring
Better Risk Management With Lower Portfolio Losses
SmartLender Commercial Post Approval is a solution for banks and financial institutions to quickly monitor, comply with, and document every occurrence that may have an influence on the payback of loans, allowed limits, and other facilities, allowing banks to take fast action. It monitors various Terms & Conditions like the Covenants, Condition Precedents (CP) and Condition Subsequents (CS) set against the approved loans.
Solutions Improving The Likelihood Of Loan Repayment
Catalysts Of Commercial Post Approval Processes
Continuous compliance monitoring aids in the prevention of unanticipated events
- Streamlines covenant monitoring after approval across the front, middle, and back offices
- At any moment in time, all departments may rapidly determine the compliance status of specific consumers
- Automated notifications and variable compliance check frequencies enable a diverse and practical method to simplifying post-approval covenant monitoring
Bridging the communication between the Front and Back office
- Allows the front office to give customised Implementation Instructions or payout instructions for the back office to initiate
- Status monitoring and job assignment lessen the strain of communication between the front and back offices and remove the majority of operational mistakes
- Allows flexibility to specify a limit amount based on a previously scheduled Limit
Reduce data entry by automating the transfer of information via Straight Through Processing
- Straight-through-processing (STP) is a flexible method of transmitting approved transaction information to other systems for post-approval activities such as Collateral Management or Limits management.
- Enables Core Banking systems to get real-time data changes.
Rich UX & Intuitive UI