Lending systems are a very common component of financial service organizations today. It involves maximum manual data entries and records which increases the chances of error, makes it time consuming and uses up several additional resources too. In order to reduce this process, automation is enabled and the digital lending module was designed.
Functions of the digital lending module
- NBFC functions.
- Sub-day book, Day book
- General ledger, Share personal ledger, Thrift personal ledger, Loan personal ledger, FD personal ledger, RD personal ledger.
- Year-end Share balance ledger, Year-end Thrift balance ledger, Year-end Loan balance ledger, Year-end FD balance ledger, Year-end RD balance ledger.
- Balance sheet
- Loan’s Demand generation, Annual Thrift Interest generation.
- Reports – Receipt reports, Payment reports, Profit Loss report.