EbixCash Lending Solutions

EbixCash Origination System (EOS) for Retail Loans is designed to seamlessly process loan applications for banks and financial institutions with the ability to automate a range of origination processes through workflow activities. The system provides extensive configuration and operational efficiency which enable organizations to efficiently manage the high-volume retail lending business across multiple portfolios and products to acquire profitable customers using multiple channels including digital channels. It allows business users to configure Products, Workflow (both Traditional and STP), Credit and Risk Policies, E-KYC checks and Customer Communication Templates for evaluating and processing loan applications while maintaining high service levels of borrowers. The system supports Self-Assisted models for customer acquisition.

The Application Process spans from Lead Capture, Submitting of the Loan Application to the Request for Disbursement. Apart from the main process, many supporting pre-underwriting checks and activities can be performed to support the loan processing. The SOA-based architecture allows for APIs-based integration with other systems. The solution is internationalized to support different currency, date formats and multi-lingual implementations. The Application supports both centralized and de-centralized processing of loan applications across the geographical spread of the Organization.

EbixCash Lending Origination System - retail

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EbixCash Lending Origination – Corporate is a specialized Commercial Lending Origination software solution that helps evaluate and underwrite proposals for MSME and Corporate customers for Funded and Non-Funded facilities. The corporate lending software system covers all facets of commercial lending and has assessment and appraisal capability for both new loans and review of existing customer facilities.

A library of Pre-underwriting checks is available within the software to ensure no data silos, agility, flexibility and better risk management. Having a highly configurable financial analytics engine, the system enables businesses to collate financial data and calculate risk ratings and financial ratios. Other functional components supported by this module include Document Receipt and Verification, different Verifications and Valuations, Collaterals, Covenants, Assessment of Limits, Sensitivity computations and Committee based approvals.

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EbixCash Loan Management System (LMS) is designed to seamlessly record all loan and financial lease post disbursement transactions through the entire life-cycle of the loan term, including multiple Accounts and Customer servicing options. An illustrative list of those include set-up of different repayment options for each loan, an option to change the same, generating and receiving electronic files for the realization of collections from the customer, booking fees charges, waivers of the same, simulations for pre-payment of loans, restructuring loans, rescheduling, settlement marking, changing loan products of the loans, collateral management etc.

For customer servicing, we support changing the demographic details of the customer including employment, banking relationships amongst other relevant details. A 360-degree view of customer relationships is also available as a standard. An option to collect monies at the customer level and apportion to individual loan accounts is also supported.

Besides, the Loan Servicing module also manages aspects of Loan Provisioning and Write Off Management. For all financial transactions, the system generates accounting entries, including accrual for rental income and re-scheduling of accounts in case of interest rate changes for Index-linked loans.

For collections from customers and depositions into the Bank, a batch processing engine generates files (both electronic and physical). The bank reconciliation functionality allows reconciling all Bank depositions and payments with the Bank Statements.

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EbixCash Dealer Funding offers financial companies a robust system to manage the dealer funding/ floor financing requirements for revolving loans starting from limit setup, digital upload of invoices, tranche drawdowns and repayments. It allows the finance company to maintain and monitor dealer borrowings at an inventory/facility level. The configurable engine allows the institution to offer different interest rates, credit-free periods, digital payment integration and credit line end days to the dealers depending on the relationship. The stock audit module facilitates regular audits at the dealer premises and action on the dealer depending on the audit findings.

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EbixCash Debt Collections is a feature-rich internationalized multi-user software product that emphasizes speed and flexibility, in tracking and recovering over-due amounts towards billed services, loan instalments, or utility services. Being a completely parameterizable solution, users can segment delinquent accounts and configure different collection strategies to tackle different delinquency types. The solution can be used to manage the complete follow-up of cases in early collections, late collections, or legal collections within the ambit of the legal framework or organizational credit and recovery processes. The system can be seamlessly integrated with credit card billing systems, loan servicing systems, telephone billing systems and other financial transaction systems for the purpose of obtaining information on delinquent/overdue accounts and facilitating higher recovery rates and contact penetration by providing accurate information to collectors about both early and late non-performing loans. Both external and internal users can be set up and assigned tasks with supervisors controlling and monitoring performance at a case-to-case level and using dashboards. In addition, the system supports off-line working and PDA-based collections, which ensures that field collection staff can be connected even on the field or at remote locations.

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The EbixCash CMRC (Credit Management and Revenue Collections) solution is a proven scalable product which can handle big volumes and deliver great business value in areas of revenue assurance, collections and credit management for the telecom post-paid business. The system helps in higher collection rates by providing accurate information to collectors about overdue customers and it also seamlessly integrates with billing solutions which helps to track and manage the credit limits of customers.

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EbixCash Commission and Incentives System (C and I) is a feature-rich standalone product which facilitates automated commission and incentive calculation for external agencies and internal entities within the business. The solution supports end to end commission and incentive calculation for multiple entities and also supports relevant tax deductions and compliance. The EbixCash C and I is a ready fit for the high volume Banking, Telecom and Insurance industries as it helps clients define and associate different plans for sales channels, agencies, collectors based on the region, segment, portfolio and many other parameters.

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iCAS (EbixCash Credit Actions System) is a web based solution designed to help telcos acquire customers by automating the customer evaluation process. The system provides interfacing capability with any core system and provides features like de-dupe, scoring and validations which improve business efficiency, accuracy and compliance for application processing. The build in risk engine helps maintain consistent policies compliance while application processing.

A highly parameterized solution iCAS provides multi-location, multi-lingual, multi-product deployment capability with high level of automation and speed in processing applications.

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