3. From which source a firm can raise long term funds as loan when not provided by commercial bank? Discuss
merits.
Answers
Explanation:
Our commercial loan origination solution (CLOS) offers a unified configurable platform built on our products (ECM, BPM, CCM). It automates and streamlines the lending cycle for all loan types. The solution facilitates credit origination, approval, and monitoring in a paperless and electronically driven workflow environment.
Using this solution, banks and credit unions can achieve a faster-go-to-market, stay on top of regulations, and unify front and back offices. Further, they can break the build-vs-buy paradigm, dismantle operational silos and integrate with legacy and third-party applications. Thus a financial institute can strike a perfect balance between risk management and operational swiftness. Our solution is future-proof and can be tailored to meet the unique needs of a bank or a credit union. Moreover, our solutions empower relationship managers by offering true mobility for on-the-go information access and entry.
Key Features
Prospecting and Lead Generation - Efficient lead management and handling of cross and up-sell opportunities
Credit Application Management - Seamless on-boarding with several configurable templates for customer and product specific data capture
Credit Analysis and Underwriting - Comprehensive credit assessment tools that take into account financial information, ratio analysis, account conduct and pricing
Risk Management - Complete due diligence through peer group analysis, trade checks, real-time pipeline view, automated rules & standardized processes
SWOT Analysis - Comprehensive evaluation of a deal through a detailed analysis of various internal/external ratings
Document Management - Generate Loan Package with commercial loan documents and security instruments in pre-defined bank specific templates
Collateral Management - Unified workflow around releasing, updating, valuing and moving collaterals and other linked processes
Collections and Provisioning - Efficient management of delinquent accounts and linked accounts through incessant follow-ups and history logs
Benefits
Enhanced customer delight with omni-channel access to loan applications initiated from different devices
Increased business value with smart and intuitive self-service portals for customers
Increased operational efficiency with the elimination of duplicate data entry, reduction of errors and improved policy exceptions management
Holistic automation of credit policy with abolition of manual intervention, effective decision making using the rule management system
Enhanced compliance and process standardization with drilled-down monitoring of process service levels across the lending life-cycle
Enhanced risk management with internally developed scoring engines and integration with external credit bureaus
Comprehensive configurability to keep the solution adaptable to most of the changes without