Our signature product Cloudbankin is a robust and intuitive loan management software solution for non-banking financial institutions (NBFC software). It is designed to speed up the overall loan management lifecycle by delivering an accelerated and transparent loan processing experience.
Cloudbankin acts as a comprehensive, integrated and modular banking software solution that empowers an NBFC to identify & optimise their operational risks, reduce manual intervention to strengthen their workflow & reduce discrepancies, thus improving overall operational efficiency.
The cloud based nature of Cloudbankin makes our software highly scalable, cost-effective, more flexible and easily deployable. The user-friendly nature of Cloudbankin ensures that our loan management solution provides maintainability, reusability, minimum manual intervention, and incremental delivery of loan products.
Introduction - NBFC Software
Cloudbankin - A complete NBFC Software
Our signature product Cloudbankin is a robust and intuitive loan management software solution for non-banking financial institutions (NBFC software) that speeds up the overall loan management lifecycle by delivering an accelerated and transparent loan processing experience.
Cloudbankin acts as a comprehensive, integrated and modular banking software solution that empowers an NBFC to identify & optimize their operational risks, reduce manual intervention to strengthen their workflow & reduce discrepancies, thus improving the overall operational efficiency.
The cloud-based nature of Cloudbankin makes our tailor-made NBFC software highly scalable, cost-effective, more flexible and easily deployable. The “User-friendly” nature of Cloudbankin drives the principles of best loan management solutions like maintainability, reusability, minimum manual intervention, and incremental delivery of loan products.
Time-Saving
User Friendly Interface
Effortless Deployment
Cost-Effective
Robust Reporting Module
Loan Origination System
Cloudbankin is a fully automated loan origination system which covers the complete origination cycle from data input to validation, credit analysis, scoring & rating to decision making. This flexible product can be customised to meet your requirements. Whether you are onboarding an individual client or a group, Cloudbankin lets you complete the entire process in a matter of minutes.
- Paperless Onboarding
- Personalised Account Features
- e-KYC API Integration
- Multi-Lingual and Multi-Currency
- Multi Branch Management
Loan Management System
Cloudbankin helps you streamline your loan management system to process loans and keep track of them quickly and accurately. Configure any loan product from personal loan to SHG Loan in a matter of minutes. Customize every aspect of a loan product from interest rate, loan period, maximum principal, other fees or charges, disbursement date, payment date, and amortisation schedule etc.
- Accurate EMI Schedule
- Configurable Loan Products
- Customizable Interest Rates
- End-to-end Loan Disbursaland collections Management
- Robust Document Management
Accounting Management System
Our most flexible financial solution is a best-in-class, back-end accounting management software integrated with it. It has extensive financial management functionalities including journal entries (automated or manual), cash or accrual based double entry accounting, integrated chart of accounts, automated tax configurations. The system has the capability to deliver all the accounting reports in accordance with the organisation hierarchy.
- Complete Loan Portfolio Accounting
- Personalised Accounting Rules
- Accrual Based Accounting
- Opening Balance Migration
- Automated Periodic Closing
Reports and Dashboard
Our robust reporting module has an extensive range of ready to use reports which are capable of assembling, organizing and visualizing any data into real-time reports for easy interpretation. Improve the decision-making process and keep track of key measurements easily using our 100+ existing standard reports or create custom report within a fraction of seconds. Our interactive dashboard will offer you in-depth insights to make quicker and better-informed decisions.
- 100+ Standard Reports (General Ledger (GL) Report, Balance Sheet, P&L Statement, Total Loan Value, Outstanding Capital, Active Clients, Non-Performing Assets, etc)
- 6 General Categories (Clients, Loans, Savings, Funds, Accounting and XBRL)
- 4 Formats (XML, PDF, XBLR, and CSV)
- All-in-one Interactive Dashboard (reports, charts, graphs, etc..)
- Ad-hoc Reporting Capabilities
What are the main purposes of having NBFC Software?
The following are some of the primary perks of having NBFC software: 1. Serves as a complete, integrated, and modular lending solution 2. Identify and reduce operational risks. 3. Decrease manual intervention to improve workflow & minimise inconsistencies 4. Improves operational performance as a whole 5. Lowering operational costs
What are the solutions used by an NBFC?
An NBFC uses a complete loan lifecycle management software which includes: 1. Loan origination system to cover the entire origination cycle, including data collection, validation, procession, agreement and disbursement. 2. Loan management system to cover the complete servicing to the customers including repayment tracking, NPA management, rescheduling of loans and closure. 3. Accounting management system with functionalities including journal entries (automated or manual), cash or accrual based double entry accounting, integrated chart of accounts, automated tax configurations. 4. Reporting and Dashboards to showcase any data with real-time reports. This helps in keeping track of important key metrics and provide quicker and better informed decision making.
