octagon frontier lms 2014

OCTAGON Automated Credit Application

and Account Management

Overview

FRONTIER & LOANS MANAGEMENT SYSTEM

Who is Octagon ?

Our Customers Profile

Cradle to Grave process

Key Statistics

Credit Strategy

Copyright © Octagon Business Solutions -2010

Who is Octagon?

Trading in credit vetting & loan management since 1998

Employs more than 15 people dedicated to our producs Systems and integration is deployed in Credit Bureaus,

Telkom, Major Retailers, Financial Institutions, Attorneys and Estate Agencies

Products for Credit Application Processing and Decisioning, Account Management & Collections. Clients are Retailers, Credit Providers, Microlenders, Attorneys and Estate Agencies.

“Octagon is a leading solutions provider for credit application processing & loan management in South

Africa.”


Enterprise Product customers in the following industriesCustomer Profile

Personal loansJD GroupLendcorMaravediCrestBaberekiNorufin24 Fix( Solar )Direct AxisFirst Funding (Employer based)

RetailJD GroupTruworths LtdFull House RetailAstra FurnishersFoshiniRetail Credit Solutions (RCS)

Asset Based FinanceSASFIN BankNedbankABSA ATFAOT FinanceKago FinanceCape Finance

WesBank BotswanaWesBank NamibiaWesBank SwazilandWesBank Lesotho FNB Securitized

Thousands other customers using our desktop products.Copyright © Octagon Business Solutions -2010

Motor FinanceMmela car scheme Government

Interface to relevant external data sources through Dossier Dossier (Single Point Of Contact) Adding new sources continually to Dossier

DossierSingle Point Of Contact

FRONTIER

CommercialCredit Bureau

FRONTIERClient User

FRONTIERWEB User

VariousOthers

FRONTIERExternal data sources

FRONTIERClient User

eCommerceInterface

Fraud data

Deeds Office

ConsumerCredit Bureau


Data InterfacesData Interfaces

ExternalServices

CustomerServices

Interfaces developed to relevant external data sources Interfaces developed to relevant internal systems Integration required for correct risk assessment Integration required for customer service

DossierSingle Point Of Contact

FRONTIER

External data

FRONTIERClient User

FRONTIERWEB User

FRONTIERSYSTEM INTEGRATION

FRONTIERClient User

eCommerceInterface

Loan Management

System

CRMCustomerSystem

OtherSystems


LMS SYSTEMACCOUNT MANAGEMENT & MONITORING

Credit Application

Authorization

ApplicationCapture Quotation

Account Creation

Approval Disbursement

Application/Account Life CycleCradle to Grave

Contract Generation

Credit Vetting

Min PolicyRules

AffordabilityCheckFraud Check

CreditBureauEnquiry


Application/Account Life CycleCradle to Grave

LMS Account ManagementLoan management system modulesPayment Plan Options• Fixed/Linked• Staggered• Residuals• Re-advances• Finance extras• VAT/No VAT

Capital Transactions

• New Deals• Book Val Reductions• Re-advance capital• Settlements• Re-schedules

Finance Charge Transactions

• Earnings• Settlement Rebates• Penalty Interests• Re-schedule• Fin Charges

Debtor Transactions

• New Deals• Receipts/Reversals• Deposits• Settlements• Journals• Re-schedules• Escalations

Collections

Auto Que’ing& Diary

General Ledger Interface

FullJournal

Summary &Audit Trail

GL PostingFile

Letters & Legal Tagging


Credit Strategies With regard to the key statistics these are available

through reports in Frontier and the LMS. It must be noted that a credit strategy determines the performance of the book. A good strategy will strive to advance the most credit while reducing the odds for bad debt. This is achieved by utilising the following tools: Strict Minimum Policy Rules Profiled Decision Trees Researched Scorecards Odds-based Joint Odds matrices



Authorised data reseller for the Credit Bureaus +-2000 companies use our various software products Dossier Gateway switches +-24 million transactions per

annum Processes value +- R250 million per month Automatic approvals within maximum of 30 seconds Consistently applies business & credit strategy

uniformly Full MIS reporting and Performance statistics.

Why use Octagon for your Credit Decisioning & Loan management

Loans Management & Collections System A full range of standard reports covering:-

• General Ledger with full audit trail and balancing• Arrears & Statistics• Letters & Statements

General Ledger Interface · Full journal Created for each transaction· G/L Codes are user defined· Full G/L Summaries and audit trails· G/L posting files for Accounting Packages

Customer Collections· Automated collections queues pre-legal & legal· Automated administration queues· System allocation of collectors to queues· Diary follow‑up sub‑system & Memo pad per agreement· Legal tagging, Deal Tagging· Letter generation

Provisions and Bad Debts• Suspend earnings & Suspend arrear interest• Provisions, Write-off transactions• Bad Debts Transactions



Questions

octagon frontier lms 2014

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