Ultimate Loan Manager is an online loan management system that allows lending businesses to manage their creditors, loans, payments and receivables while being affordable at the same time.
Intuitive and user friendly
Most functions can be performed in one or two clicks. The system has a simple and clear user interface, with best-practice workflows that bring you all the core processes and relevant data always at your fingertips.
Management of Borrowers
This system enables to retrieve personal information, unique identifiers, relatives details, business information and much more. You can upload scanned images or documents to the client’s account. You can also add custom fields.
Debt and Savings
The system has a flexible loan and savings module that you can adjust or customize to suit your microfinance needs. Manageable fields include loan tenure, interest rate, repayment schedule, interest calculation method, charges and many other options. The loan approval process follows best microfinance standards.
Accounting
You can organize your chart of accounts with GL codes and associate them with loan or savings products and many other applicable fields. Some journal entries are automatic like credit distributions while others can be added manually. You can find various accounting reports like trial balance, balance sheet and profit and loss accounts.
Reports
View and export high-quality reports. Reports include borrower numbers, loan portfolios, arrears reports, savings reports, expected vs. actual payments, collection sheets, provisioning and more.