Clareti Banking
Lending Functionality: Commercial Lending
Solutions
The Commercial Lending module provides you with the tools needed to manage loans to businesses, corporations, partnerships, cooperatives and other business entities. Specific terms and conditions of the loan may be recorded and new features can be rapidly implemented to support those 'special cases' that are so common in the commercial lending business.
The module also provides support for agricultural lending. Features include:
Flexible terms and conditions that can be implemented for entire groups of loans or for one specific loan
Detailed reporting available to support monitoring of loan positions on an ongoing basis
Ability to group loans to one individual or group of individuals for monitoring purposes
Functionality to support management of non-performing loans
Automatic generation and collection of standby fees, prepayment fees, renewal fees and a variety of others
Automated generation of General Ledger entries at time of transactions
Extensive security management functionality, including: a diary system to report on planned activities like upcoming security renewals; a Collateral Securities Register to record all details of security held; the ability to allocate one piece of security to multiple loans if required
Lending Functionality
