Lending businesses live and die by collections. When loans, schedules and payments are kept in books or spreadsheets, arrears grow quietly and cash collected in the field is hard to check. Loan management software brings it under control.
Loan setup and schedules
- Customer details, guarantors and documents
- Loan products with your interest method (flat or reducing), term and fees
- Repayment schedules printed for the customer
- Daily, weekly and monthly instalments
Field collections
Many lenders collect at the customer's door. A collector mobile app shows the day's list, records each payment and prints or sends a receipt on the spot. The office sees the money collected by each collector, and the customer gets proof of payment.
Arrears and follow-up
- Arrears by days overdue, collector and area
- Penalty interest by your rules
- Reminder SMS before and after due dates
- Notes on every follow-up call or visit
Reports for owners and auditors
- Portfolio outstanding and collection rate
- Disbursements and collections by day
- Interest income
- Cash book per collector and branch
- Full history of every loan
Control and security
Each user should have their own login and permissions. Edits to payments should be recorded with who changed what. Back-ups should run automatically.
How Tecrosoft can help
Our loan management system includes loan and mortgage records, repayment schedules, a collector mobile app for field collections, arrears follow-up and portfolio reports. Book a free demo and we'll walk through a loan from approval to closing.
Talk to a Sri Lankan software team
Free demo, advice in Sinhala or English, and setup with your own data.