We will relentlessly strive to provide our clients with the most affordable and affective software solutions in response to their needs. We will accomplish this by actively listening to our clients, accurately interpreting their needs, and utilizing the best available staff to achieve this.

 

Proloan WorldWide is a product of CompuScan Information Technologies.

For more information on CompuScan click on www.compuscan.co.za


 

OVERVIEW

Proloan offers you the opportunity to manage your accounts effectively and enhance your lending capabilities.

In other words, it helps you to take control of your clients and your business finances. You get to manage your accounts with the confidence of adhering to processes and regulation.

Your profitability is determined by your ability to efficiently manage accounts, collect timely on payments due and maintain a high level of customer service. Proloan provides you with these capabilities and more.

Our solution offers the latest technology and always strives to incorporate your needs. It is extremely user friendly and provides instant access to your all account information, giving you a complete customer view.

Furthermore, Proloan enables you to concentrate on the improvement of your business’ performance and profitability with the emphasis on planning and analysis through the use of more up-to-date management information (like for example client personal details, loan application management, client account management, collections performance management, business performance reports), accounting functionalities and bad debt administration.

It utilises biometric identification applications to identity and verify your customers and employees, thereby preventing fraudulent behaviour and identity theft within your business.

Head Office Module:

The core function of the Head Office module is to gather summarised transaction and cashbox information from a branch and send it through to the Head Office. The Branch has an application called “Branch Send”, which will export one line totals for the day after a ‘Day-End Procedure’ was run. The totals being exported include the following:

  • Opening and Closing Balances
  • Capital Out
  • Sundry Expenses
  • Cash and Cheque Deposits
  • Bad Debt Client Count
  • Deceased Clients
  • Dormant Clients
  • Day Arrears
  • Balance Receipt Cash and Bank Transfers
  • Loan Count for the day
  • Bank Withdrawal
  • New Clients
  • Clients on Hold
  • Active Clients
  • Arrear %
  • Current, 30, 60, 90, 120 days totals
  • Day Variance

At the Head Office the information is collected via email, saved to disk and this file is then imported into the “Branch Info” Application. This application allows the user to filter the information according to the date and a single branch or all branches. This filtered information can then be printed.

KEY FEATURES

  • User Friendliness: It allows you to quickly and easily add new clients, loans and issue receipts.
  • User Defined Application Security: Employees will have his / her own user-name and password, giving your managers the capability of tracking individual user system usage. (It restricts users from areas of the application and is password protected)
  • Management Reports: It helps keep control of business dealings and financial status of the company.
  • NCR Form 39 Report: It generates a report each quarter at the touch of a button. This provides the NCR with all the information they need about your financial institution.
  • Bad Debt module: It allows your managers to take control of bad debt clients. Clients are handled in a separate module giving freedom to creating new payment schedules and no new loans can be added to a client’s name.
  • Head Office Module: This supplies your head office with summarised information on the activities that took place that day per each of your branches.
  • SMS Module: With this module you can send out payment reminders, statements, overdue account notifications, marketing messages, birthday wishes to your clients, thank you notes e.g. after a payment has been receiveda and many more. This will enables you to manage your clients more effectively, market your business, communicate effectively with your clients, Collect pro-actively on outstanding accounts. The possibilities are endless.
  • Third Party Integration: It supports the full integration into Compuscan’s credit bureau database, plus it automates the use of the NLR. Detailed credit checks can easily be made through the program and loan registrations, closures and updates are also automated.
  • Network usage: It can accept as many users as necessary with data integrity. Each employee/user can also be made responsible for their own cash-box.
  • Management Specified Loan Products: Loan products can be created as needed, which makes the issuing and the management of various loan products easier.
  • Loan Portfolio Information (Current and Prior Month End), which includes: Portfolio distribution; Past due; Non accrual and classified; Loan yields and maturities.
  • Regulatory Information: This enables you to be compliant with all applicable legislation within the specific country in which your system is operating.
  • Individual Loan Information: Which includes, complete primary loan data management; past due collection management; notes to loan; reminder follow up items; new loan pricing; loan review monitoring and documentation; problem loan offers information for examiners.
  • Agent Management: It manages field agents in terms of clients, areas and commissions.
  • Comprehensive Reporting: Current and prior month end.
  • Country-Wide Service and Support Available: Onsite and via our call centre.
  • Variable Cost and Interest Rate Supportive.
  • Credit Life Insurance is integrated into Proloan as an option for all loan applicants in order to protect your business against bad debt and to protect the loan applicant’s family against inherited debt.
  • Utilises Biometrics: To identity and verify your customers and employees.
  • Short-cut Keys to various aspects of the program
  • Modularised - Client, Loan, Bad Debt, Agent and Griffo (Report writing function)
  • Based on Generally Accepted Accounting Principles
  • Live Program Updates
  • Full Online Help
  • Report Writing Function (Griffo) for creating customised contracts and documents.
  • Multiple Loan Products (1 Month, 6 Months, 12 Months, etc)
  • Receipts
  • Batch receipts
  • Debit and Credit Journals
  • Loan Settlements
  • Single Cash Box and Multiple Pay Points
  • Interface to ALLPS – fully integrated payment/collection system Interface to NuPay and RealPay – fully integrated payment/collection system

KEY BENEFITS:

  • Proloan supports both loan origination and servicing in one integrated system
  • Lowers maintenance and operating costs by creating a structured, streamlined workflow environment.
  • Eliminates redundant data input and reduces errors by using a single point of entry.
  • Generates comprehensive loan portfolio reporting from a single database.
  • Maintains a detailed loan history and audit trail from inception.
  • Measures and alleviates risk with proactive, integrated portfolio analytics.
  • Tracks portfolio exposure and lender relationships across operations.
  • Reduces paperwork using ‘e – documentation’ management.
  • Includes complete servicing, advances, recoveries and reporting
  • Offers flexible delivery options
  • Proloan is extremely user friendly, it allows you to easily add new clients and loans as well as putting through receipts quickly.
  • Reduce losses.
  • Increase staff productivity
  • Streamline the default process with fast, effective control of inventory
  • Provide tight management of data

TECHNICAL DETAILS

Security Features:

  • Password protected database
  • Username and password access control
  • Individual user rights
  • Individual report rights
  • Client ID No verification
  • Postal code lookups
  • Bank branch code lookups
  • Flexible credit limits
  • Detailed audit trails
  • System log (keeps track of certain changes on the program, such as user rights)
  • Utilises Biometrics to identify and verify customers and employees.