Calculation Engine
From the time the loan is closed until it’s paid off, the HES loan servicing system streamlines the entire business process.
- Set up calculations for a number of product types
- Keep your business compliant with loan operation regulations
- Automate credit disbursement
- Configure, calculate and track payment schedules
- Perform day-to-day calculations for accruals, write-offs
Loan Operation
Enhance your portfolio performance with a smart loan operation solution. Add 100% flexibility and freedom to product servicing.
- Basic operations (initial interest, commissions, and fees accrual)
- Disbursement and repayment
- Payment delay (set for a specific period of time or date)
- Reschedule to change the loan structure and term
- Top-up to add an additional amount to the existing principal
- Pause penalties accrual / Payment holidays
Accounting
At HES, we support customization according to your specific requirements. Set up an accounting process to have relevant accounting data at hand: payment history, tax information, borrower payments and delays, real time statistics.
Perform day-to-day calculations and conforming accounting based on a system scheduler. Supply data to the customer facing applications so that your clients are always aware of their current credit account state.
Reporting
Whether you need to generate reporting for the management or report to authorities, we can supply you with a tool to design a report based on SQL queries. Create daily and monthly reports, tax reports, investor statistics, customer analysis reports to capture all critical data and review it in a convenient format.
Alternatively, we can do this job for you and set up a predefined number of reports. We also support integrations with any other tool to perform reporting.
Collateral
Secure your business by implementing an opportunity for borrowers to pledge assets for availing of loans.
Use a bucket-based approach for your collection purposes. Customize your notifications and set trigger events. Customize notice letters for legal purposes. Keep a registry of collection agencies and debts sold.