Ken-SOFTIL
Software for Industrial/Institutional Lending
Kensoft provides state of the art Customized Enterprise Software Solutions and 3-tier Cloud Products. With built-in knowledge-based DSS(Decision Support Systems), our Financial Software Products have been successfully implemented and used in major corporations in India and abroad.
KEN-SOFTIL (Kensoft's Software for Industrial/Institutional Lending) is a seamlessly integrated & comprehensive ERP scale lending software solution tailor made for Financial institutions(FIs), Banks and NBFC's.
It is a highly integrated domain enriched software product which enhances the customer's experience and ensures a greater operational efficiency. SOFTIL has been developed ground upwards with domain inputs from professionals involved with actual day-to-day work in major Financial institutions. SOFTIL is at a degree of proven quality and excellence acheived through Kensoft's expertise in design and development for over a decade.
Key Functionality & Main Modules
- Key Modules of Ken-SOFTIL:
- - Loan Origination
- - Structured Credit Appraisal
- - Credit Rating for new and existing customers
- - Loans Sanction Module
- - Legal Documentation with Technical inspection
- - Asset Classification & NPA management
- - Loan and Financial Accounts
- - Risk management Framework
- - Recovery Module
- - Collateral Security management
- - DSS (Decision support systems)
- - Reports and analytics
- - Integrated Web Services
- - Utilities and Customer Services
KEN-SOFTIL (Software for Industrial/Institutional Lending) is a comprehensive Enterprise ready lending software solution tailor made for Financial institutions(FIs), Banks and NBFC's.
This is an Enterprise software product which has an extensive knowledge base with inputs & effort from various domains experts, consultants and development teams. SOFTIL has an excellent user interface with Minimum training required for a new user.
Distinguishing Features of Ken-SOFTIL:
KEN-SOFTIL has an evolved knowledge base incorporated into it's systems. It is designed to automate core processes and streamline advanced Lending functions. Ken-SOFTIL is a product that facilitates a wide range of Lending operations and enables efficient handling of large transaction volumes on a daily basis.
Ken-SOFTIL features an interest calculation based on a combination of interest frequency & calculation methodology. This includes simple or compounded rates with Principal first concept (Typically used for staff loans) & Interest only EMI (Typically used for Gold Loans). It also has Auto appropriation for multiple accounts of one customer based on pre-defined criteria.
SOFTIL addresses all operational aspects of a business lending solution which it covers in a structured seamlessly integrated manner. Loan accounting and Corporate Financial accounting are integrated in one single system where in SOFTIL handles at a branch and HO level. SOFTIL has been appraised by IDBRT of the Reserve Bank of India for its design & software capabilities of large projects.
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