Suntrading Finance System
Suntrading Credit Pvt Ltd is a leading finance company that offers a range of loan products to meet the diverse needs of individuals and businesses. They provide hire purchase loans, speed drafts and structured loans for bikes, motor vehicles, vans, three-wheelers, trucks and machinery.
About the Client
Suntrading Credit Pvt Ltd is a leading finance company that offers a range of loan products to meet the diverse needs of individuals and businesses. They provide hire purchase loans, speed drafts and structured loans for bikes, motor vehicles, vans, three-wheelers, trucks and machinery.
Client Requirement
The Sun Trading Company requires a financial system that can manage different types of loans, track and manage insurance policies and assets, streamline loan recovery activities, provide mobile banking services, generate financial reports, and allow for customization. The system should be designed to meet the specific needs and preferences of Sun Trading Company and help them manage their financial operations more efficiently.
Challenges
As a software solutions provider, Softmint faces several challenges when developing a finance system for Sun Trading Company. One of the main challenges is accurately calculating and managing financial transactions and data. This requires a deep understanding of financial calculations. Ensuring the security of the system is another significant challenge. We implement robust security measures, including encryption and secure data storage, to safeguard Sun Trading Company sensitive financial information against cyber attacks.
Solutions
Softmint Software Solutions developed a comprehensive financial system for Sun Trading Company, which offers a range of features to meet their diverse needs. The software solution includes multiple loan management features, such as hire purchase, speed draft, land loans, and structured loans. This feature allows Sun Trading Company to efficiently manage their loan portfolio and customize loan products to meet the specific needs of their customers. Additionally, the software includes an insurance management feature and the assets management feature allows Sun Trading Company to track and manage their assets, including vehicles and lands. The field recovery feature of the software enables Sun Trading Company to manage their loan recovery efforts, making the process more efficient and streamlined. The SMS banking feature allows Sun Trading Company to provide mobile banking services to their clients. The software solution also includes a range of reporting features, such as accounts, investments, and other financial reports, enabling Sun Trading Company to track and analyze their financial performance. With Softmint Software Solutions’ finance system, Sun Trading Company can efficiently manage their financial operations and provide their customers with customized and efficient loan products.
Modules
Hire Purchase
Leasing
Speed Draft
Land Loan
Structured Loans
Insurance
Accounts
Customer Modules
Assets
Expenses
Failed Recovery
SMS Banking
Report
Investment
Structured Loans
Expenses
Pro Features
Customers / Guarantors
Management
Customers / Guarantors Management
Manage Multiple Customers with Guarantors
Customer / Guarantor Document Management
(NIC Attachment, Customer Photo, BR Registration/ Employee Confirmation Latter, Address Attachment, CRIB Copy Attachment)
Customer / Guarantor Loan History
Customer Information Management
(NIC, Full Name, Name with Initials, Personal Address, Parment City, Gender, Date of Birth, Age, New NIC No, Job, Business Office Name, Address, City, Mobile No, Land Line No, Office NO, Email Address, Married Status, Spouse Name, Spouse NIC, Spouse Phone, Monthly Income, Income Sources, Other Own Facilities, Other Guarantor Facilities)
Loans Management (Hire
Purchase / Speed Draft /
Structured Loans /
Land Loans)
Loans Management (Hire Purchase / Speed Draft / Structured Loans / Land Loans)
Issue Loans For Multiple Client Types
(Individual / Joint / Company)
Customize Interest rates with Multiple Time Period on Loans
(NIC Attachment, Customer Photo, BR Registration/ Employee Confirmation Latter, Address Attachment, CRIB Copy Attachment)
Multiple Mortgaging Options
(Motor Bike / Motor Vehicle / Three wheel / Truck / Bus / Machinery / Land)
Sales Person & Insurance Company Information
Loan Multiple Approval Process
Payments History with Due Calculations
Loan Recovery Charges / Additional Charges
Loan Introducer with Commission Management
Loan Information Management
(Customer Details / Guarantor Details / Mortgage Information / Facility Amount / DO Amount / Insurance / RMB Charges / Document Charges / Valuation Charges / Introducer Commission with capitalized & non capitalized options)
Repayment Period Selection
Loan repayment Structure View with Interest Deduction View
Loan Related Document Management
Loan Payments Management with Cash / Cheque and Bank Deposits
Advanced Late Payment Charge Calculation with Customized Interest Rates
Loan Settlement Interest Rebate
Hire Purchase
The customer pays an initial deposit, with the remainder of the balance and interest paid over a period of time. On completion, ownership of the asset transfers to the customer. Multiple Mortgaging Options for Motor Bike / Motor Vehicle / Three wheel / Truck / Bus / Machinery / Lands. Multiple interest rates with multiple time periods.
Speed Draft
Speed Draft enables customers to obtain short term finance as and when they require it, in order to fulfill a diverse range of business requirements. Customize daily or monthly calculation options are enabled.
Structured Loans
Structured loans have features such as flexible repayment schedules, lower interest rates, and collateral requirements that are customized to the borrower’s needs.
Insurance Management
Multiple Insurance Companies Registration
Insurance Information Management
(Policy Number / Holder Name / Amount / Company / Agent Commission / Issue Date / Expiry Date)
Insurance Renewal Reminders
(Motor Bike / Motor Vehicle / Three wheel / Truck / Bus / Machinery / Land)
Insurance Company Payments Management
Attach Insurances to Loans
Insurance Capitalizing
Insurance Payment Deadlines & Interest Calculations
Insurance Agent commission management
Loan Reminders &
Collection Reports
Loan Reminders & Collection Reports
Collection Reports
Overdue Payments Report
Payment reminder letters with request print option
Identify Loan Arrears easily with Late Installments with color filters
Customer Payment Reminders via SMS
Field Recovery
Recovery Charges Management
Recovery Agent Management
Payment Promises Dates Reminders & Notes Management
Loan Recovery Visits & History Management
Loan Payment
Management
Loan Payment Management
Multiple Payment Options
(Cash / Cheque / Bank Deposits)
Cash Counter Management
Payment Approval Process
Cheque Management with Clearance
Payment Notes
Late Payments &
Additional Interests
Calculation
Late Payments & Additional Interests Calculation
Daily Late Payment Interest Calculations with Multiple Interest Rates
Grace Period
Holiday Mode
Remove or Edit Additional Payment Option
Loan Settlements
Loan Settlement Detail View
(Remaining Months/ Balance Capital Amount/ Balance Interest Amount)
Request Settlement with Rebate
Ownership Transfer with Key and Documents
Rebate Calculations
Settlement Approval & Payments
SMS Banking
Send Automatic Payment Reminders to Customers
Settlements SMS
Special Events SMS
Payment Success SMS
Birthday Wishes
Accounts Management
Daily / Monthly Payment Reports with Payment Modes
Company Expenses Management
Cheques Management with Cheque Reminders
Loan Profit Report
Loan Statements
Total Receivable Amount Reports
Payment Approval Process with Daily Collection Reports
Company Profit Report
Assets Management
Manage Vehicles with Details Information
(Registration No, Chassie No, Engine No, Vehicle Type, Color, Year, First Registration No, Condition, Make)
Vehicle Related Document Management
(CR Image, Valuation Scan Copy)
Land Related Document Management
(Deed Attachment, Land Image Attachment, Plan Copy, Valuation Report, Morgage Copy, Street Line Attachment)
Valuation Management with Documents and Company
Lands Information Management
(Deed No, Plan No, Land Location, Land Address, Valuation Company, For Sale & Market Value)