PayCredit – Simplifying Loan Portfolio Management
PayCredit, developed by PayLogic, is a comprehensive web-based application designed to streamline loan portfolio management for financial institutions. With its user-friendly interface and integrated credit checking capabilities, PayCredit enables credit providers to quickly approve loans, reducing the approval process to a matter of minutes. This module offers essential functionalities to manage various types of credit lines, including structured payment plans for fixed-term credits and flexible lines of credit with multiple draw-down preferences, repayment options, and adaptable interest calculation methods.
PayCredit caters to the growing importance of revolving credit facilities, empowering financial institutions to embrace the “Customer for life” philosophy. By effectively handling complex calculations associated with credit revolving, PayCredit puts credit cards, commercial lines of credit, and revolving credit accounts under complete control, making interest accruals effortless.
For fixed-term credits, PayCredit manages diverse monetary loans with regular payments over a defined period. It accommodates a wide range of interest cycles, fee structures, and term options while providing comprehensive payment and overdue processing functionalities. Interest is calculated based on the outstanding daily balance and charged according to the specified term.
Key Features:
- Flexibility in credit management, including adjustable credit limits, individual cut-off dates, repayment schedules, and late charges for each customer
- Compatibility with other modules in the Payway Suite
- Customizable credit scoring system and fee structures
- Multi-language and multi-form letter generation
- Integrated management of portfolios, including accounts and cards
- Extensive reporting capabilities and loyalty program integration
PayCredit offers financial institutions the ability to personalize their offerings, increase profitability, and foster customer loyalty. It provides a wide range of products that can be easily parameterized and adapted to suit specific target segments. Additionally, PayCredit assists in the debt collection process with features such as automatic reminders, coordination with external recovery agencies, priority alerts, and various recovery scenarios.
With its comprehensive functionality and flexibility, PayCredit serves as a valuable tool for financial institutions seeking to efficiently manage their loan portfolios and deliver a personalized experience to their customers.
Description
PayCredit makes managing your loan portfolio remarkably easy.
PayCredit is a web-based application that allows nancial institutions to easily open and manage all types of credit lines for their customers. With its built-in flexible workow and its online credit checking facility, this module allows credit providers to approve loans in minutes. PayCredit provides core functionalities to operate all types of standard consumer credits with a structured payment plan (Fixed term Credit) and to facilitate a flexible line of credit for clients that can have multiple draw-down preferences, a variety of repayment options, and flexible interest calculation methods (Credit revolving).
Credit revolving
Revolving Credit facilities are becoming an important nancing tool for modern nance institutions as they embrace the “Customer for life” philosophy. Once a client has your store card, your line of credit, or even your credit card, they are more likely to stay a customer. PayCredit puts you in complete control of credit cards, commercial lines of credit, and revolving credit accounts. It eliminates the downside by handling
the complicated calculations associated with credit revolving, making interest accruals eeffortless.
Fixed term Credit
PayCredit manages all types of monetary loans that are repaid in regular payments over a set period of time PayCredit caters to a wide range of interest cycles, fee structures, and term options for all types of xed term loans; It also provides payment and overdue processing.
With PayCredit, interest is calculated on the outstanding daily balance and charged according to a defined term.
PayCredit is a flexible complete solution that allows financial institutions to offer a personalized product, increase their profitability and built customer loyalty.
KEY FEATURES
Flexibility
- Automated and denable statement cycling
- Adjustable credit limit
- Individual cut-o dates
- Individual repayment schedules, late charges, and period renewal for each customer
- Compatibility with all Modules of Payway Suite
- Assignable minimum payments
- Flexible fee structures at all levels
- Definable Interest cycles
- Customized credit scoring system
- Multiple credit card billing cycle
- Detailed monthly billing
- Integrated management of portfolios: Accounts and Cards
- Extensive Reporting
- Loyalty program
- Individual and combined statement and E-Statement
- Multi-language and multi-form letter generation
Comprehensiveness
PayCredit allows financial institutions to choose from a large set of products that can be parameterized and adapted to t its target segment. It also offers:
- Customized credit scoring system
- Multiple credit card billing cycle
- Detailed monthly billing
- Integrated management of portfolios: Accounts and Cards
- Extensive Reporting
- Loyalty program
- Individual and combined statement and E-Statement
- Multi-language and multi-form letter generation
Recovery Management
PayCredit management aims to assist institutions in their debt collection process. It offers:
- Automatic management of preventive reminders
- Ability to coordinate with an external recovery agency
- Priority alert and management on a case-by-case basis
- Variety of recovery scenarios
- list the interventions to be performed by customer and accounts
- Various report generation
- Integrated personalized Memos
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