pibas value: Lease Finance

PIBAS' Lease Finance System [LFS] is a suite of configurable & parameter-driven components that fully automate the end-to-end operations of leasing & financial institutions by carrying out IAS compliant accounting

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pibas value: Lease Finance

The Lease Finance suite manages the entire lifecycle of both the lease as well as its underlying asset(s). This module is designed for the leasing industry and streamlines all the processes originating from quote generation through to efficient portfolio management till the contract closure is complete. The module provides facilities for financial & operational leases, whether they are single or fleet cases. The module is also fully integrated with core banking modulesvsuch as collateral management, business relationship, account management, financial transactions and central bank returns

    • Increases productivity by processing a higher number of applications in less time
    • Highly flexible & parameter driven module that can be configured according to the business requirements
    • Supports customer desired scheduling
    • Improved Credit Risk Monitoring
    • Improves Customer Services
    • IAS (International Account Standard) Compliant Accounting
    • Alter Management provides customized alters on:
      • Disbursement
      • Rentals / Repayments
      • Insurance renewals, etc...
    • Flexible Waiver / Write-off Management
    • Provides Performance Monitoring Tools
    • Facilitates efficient handling of Litigation Cases
    • Dynamic generation of MIS reports
    • Dynamic mechanism for document generation
    • LFS provides powerful & easy to use General Ledger, BRM and Collateral Management
      interfaces. Moreover, it can be interfaced with any third party contract management system
      (e.g. Reuters, etc...)
    • Business Relation / Customer Centric (Borrower, Guarantor, etc...)
    • Designed for both centralized & de-centralized multi-branches
    • Central Bank Reporting
    • Single & Fleet cases lease
    • Makes Non-Financial information available for marketing & tracking purposes
    • Provides a grace period for Rentals / Repayments
    • Automates Account Classification & Suspension of Income
    • Facilitates Proposal Generation:
      • Specific to a Particular Customer
      • General Proposals [e.g: Brochures]
    • Provides the ability to categorize Asset to be Leased
    • Covers the Full Insurance Life Cycle of the Lease
    • Provides Facilities for:
      • Dealer Management
      • Post Dated Cheque (PDC) Maintenance
      • Generation of Schedule (Annuity Based / Staggered)
    • Maintains a Delivery Schedule for the Leased Asset
    • Provides a Checklist of Documents Required
    • Facilitates Early Termination or Partial Payment
    • Provides an elaborated Life Cycle of Lease from Prospect State
    • Provides Facility for Application Submission & Processing
    • Generates Contracts, Assists in Disbursement & Delivery of Leased Asset
    • Permits Rental through Post Dated Cheques
    • Allows Bulk Rental Repayments
    • Automates Rental Deductions
    • Provides Facilities for Termination & Repossession, etc....


Flexible & Dynamic Document Generation:

  • Letters management
  • Legal notifications
  • Customer statements
  • Bank’s own statements
  • Appraisal reports
  • Agreements
  • Proposal summary
  • Any documents required by the bank, using a flexible document generator