Innovate your loan business with COREFIN LMS and Dynamics 365
Bring AI-powered innovation and automation to your financial institution with our SaaS ready-made software solution COREFIN LMS for financial institutions that covers the full lifecycle management of multiple lending financial products. From the initial onboarding, through the origination process to contract servicing and all activities around loan management– we have it all!
COREFIN Lending & Banking is an industry digital software solution based on Microsoft Dynamics 365, designed to manage the entire lifecycle of various financial products. The solution is modular based, which means that you can pick only the relevant features or cover the whole process – from the initial inquiry to cross sale opportunities and a 360 degree customer view. COREFIN offers the right flexibility and scalability that enables financial institutions to offer their customers flexible conditions, superior service and user experience, thus increasing ROI and customer loyalty.
System modules and functionality
details
Product Management
Define various financial schemes with ease, including but not limited to loan and leasing products, grants, borrowings, mortgages, overdrafts and lines of credit.
- Be unique and give your clients the needed flexibility that competitors cannot offer with custom product terms
- Customize products with various parameters like interest rates, terms and fees, in order to meet specific business needs
- Predefine terms for your products that could streamline the process, such as product specific required documents, standard checklists and due diligence procedures, as well as risk scoring criteria
- Appropriate for both retail and corporate sectors
Origination Process
Streamline the application and approval process, allowing for the easy submission and tracking of applications.
- Apply online or register an application directly in the system
- Credit Scoring Engine – assess the creditworthiness of applicants using our flexible automated scoring engine that you can administer yourself
- Store, manage, share and approve related documents securely with Microsoft Share Point
- Analyze and manage the risks associated with different loans by evaluating factors such as borrower profiles, collateral and market conditions
- Track and manage collateral information, ensuring proper valuation and liquidity during the contract span
- Ability to define flexible approvals by specific managers or team members, as well as to manage substitutions in case of holiday or sick leave
- Work with product specific process flows and checklists when accessing an application
- Create and manage a thorough 360 degree client profile
Contract Servicing
Manage contracts with ease through our fully automated amortization schedule and payment plan generation. Don’t worry about manual calculation mistakes and focus on your core business!
- Capture all related contract information and key dates with ease
- Track utilization of approved funds against specific expenditures
- Define various fees along the contract life-cycle: transfer charges, late payment fees, commitment fees, any penalty fees and many more
- Approved funds can be distributed at once or in multiple disbursements
- Flexible interest settings: simple or compound, fixed or variable, various interest repayment schemes
- Repayment Schemes: the system supports multiple predefined or ad-hoc repayment schemes and grace periods. Custom repayment profiles can also be additionally configured
- Store, manage, share and approve related documents securely with Microsoft Share Point
- Fully automated amortization schedules and payment plan generation – all calculations are updated automatically at a granular level for increased transparency
- Flexible Amendment management and approvals
Payments & Collections
Link payments from clients with outstanding receivables, based on a predefined reconciliation order. Late payments are automatically identified and charges are automatically calculated and applied.
- Automated disbursement processing – we have various international references and experience with integration via numerous payment processing systems and SWIFT Payments
- Repayment reconciliation: payments can be settled via direct debit or integration with another system. For batch payments, the system can manage the settlement order and close off multiple receivables with a single payment
- Late payment charges can be calculated automatically or on demand, either as a late payment spread or a fixed fee
GL Posting Entries
The system offers an engine that manages all journal entries based on predefined templates and fully automated events. The only thing left is to send the generated entries to the ERP System.
- All cash and non-cash related transactions also need to be reflected in the ERP system, our engine can handle this process with ease
- Based on predefined events, accruals or 1-off cash payments, you can predefine all events requiring GL entries using our Posting Templates
- Based on the predefined templates and the events in the system, the credit and debit GL entries, including all required dimensions, are automatically created
Client Self Service Portal
Give your clients the flexibility to access information 24/7 and to be able to interact with you online, from their computer or mobile device. Clients can be easily onboarded, can apply for products quickly and easily and can see all related application and contract information.
- COREFIN provides borrowers with access to their personal and corporate profile information, gives them the ability to apply and manage their applications online, exchange documents, as well as to track status updates and review proposed terms
- Clients can access their contracts online, request disbursements or repayments, retrieve payment receipts, track their outstanding balance and make payments
- You can add value to your borrowers by giving them access to their portfolio KPIs and performance, as well as embed a recommender based on their behavior and embedded AI capabilities for cross sale
From the first call to closing a deal!
Request a demo and our team will set up an intro call to discuss your business needs in more details.
We will walk you through our ready-made solutions and will define the areas of interest for your business.
In a follow-up demo we will set up a use case of yours in the system and create a proof of concept.
Based on the exchanged information, we define the project scope and prepare a proposal.
COREFIN is Transforming the business with the power of technology and innovation.
Unique combination of Out-of-the-box industry solutions and tailored approach
We offer our clients a mix of ready-made modules, developed using industry knowledge and feedback, as well as bespoke consulting. We partner with Microsoft Azure Cloud, use proven implementation methodologies and have experts in business matter and tech. Thus, we have the advantage to deliver projects in short timeframes with less risk, top-notch security and a proven track record of know-how and innovation.
Ready-made or customized?
All COREFIN solutions are cloud-based and built within the Microsoft Dynamics Ecosystem. Our team aligns with best practices, outlined by Microsoft, for extending and customizing the platform, which is confirmed by the fact that our solutions are listed on Microsoft AppSource – the marketplace for Microsoft partners.
Our family of products caters to a wide range of clients – including both SMEs and large corporations. We serve established businesses seeking to transition from Excel spreadsheets or replace existing software systems. Additionally, we offer our expertise to start-ups that lack IT knowledge, providing them with an innovative technology partner to handle all of their IT needs.
We follow Best Practices
Our team of certified professionals follows the latest technology trends and best practices. We have a strong focus on Agile methodologies for project implementation, which means that we provide our clients with a working prototype at an early stage in the process. This approach encourages client involvement and feedback straight from the beginning, reducing risk and minimizing the chances of obsolete requirements.
We also align the specifics of each client, having expertise in different project management platforms (Jira, DevOps, etc.) or working jointly on the development side.
One platform to cover all of your needs
Our vertical solutions are developed within the Microsoft family of business applications using Microsoft Azure Cloud. The platform itself evolves constantly, introducing new features, according to the latest tech trends each year. Microsoft Dynamics and Azure Cloud offer a powerful combination of flexibility, scalability, security and integration, making them valuable software platforms for businesses of all sizes and industries.
By subscribing to Azure, clients are granted access to numerous preconfigured cloud resources. Our team is happy to guide you in the Azure world in order to take the best advantage of it!
We are your trusted Microsoft partner
We work closely with our clients to make sure we deliver the desired results. We work with established business processes and translate them into cloud digital solutions or start from scratch and deliver a concept to fully reengineer and optimize the existing business model.
We offer a wide range of ready modular solutions, as well as broad expertise in building tailored solutions. Whatever you need in order to see your business grow – we have it!
Our Pricing Options
Basic Plan
This package is tailored for SMB companies, who offer various loan schemes and want to have a single powerful platform to manage all related calculations
$800/ Monthly
Product Management
Contract Servicing
Fee Management
Standard Plan
This package allows companies to manage products for loans, grants and borrowings while also keeping some extended functionality for client monitoring
Upon Request
Product Management
Contract Servicing
Fee Management
Payments and Collections
GL Entries Engine
Ongoing Client Monitoring
Extended Plan
This package goes beyond the extended package by offering additional out of the box integrations with 3rd parties
Upon Request
Product Management
Contract Servicing
Fee Management
Payments and Collections
GL Entries Engine
Ongoing Client Monitoring
3rd party Integrations
Make the first step now
+44 20 3815 8020
Kemp House 152 - 160 City Road, London EC1V 2NX, United Kingdom
contact@core-fin.com
Mon-Fri 8:00 - 16:00
