Value Proposition

eLoans Consumer Finance Solution offers financial institutions and financial services companies a unique value proposition, which will be translated into a significant competitive advantage, by combining the multiple distribution channels and leveraging the extended network of business partners.

eLoans Consumer Finance Solution can be implemented as an extended Retail Banking System and successfully addresses all business needs of a modern Financial Institution or Financial Services company.

Product & Pricing
Pricing is critical for all financial institutions products and services. Oversupply of financial information allows aware customers to finance their consumer needs with the lower possible cost. In an intense competition environment with shrinking profit margins a solution must be cost-effective, in order to leave additional room for rational, competitive product pricing.

eLoans Consumer Finance Solution results in reduced operational costs, as Loans Origination module can produce smooth fast automated procedures from loan application to disbursement, scoring, credit approval rules, and account opening.

eLoans Consumer Finance Solution can be implemented through existing physical distribution channels and their personnel, call centers and web, utilizing the most out of these cost-efficient channels.

eLoans Consumer Finance Solution features an innovative business process management solution, which allows increased level of process integration or even full scale business transformation. Reaching higher levels of operational efficiency (through optimization of business processes), financial institutions achieve lower operation costs, and maximize the champion channels utilities shaping an effective business model. Its Management information module can serve as a tool in clarifying the institution's profitability, pricing, credit and operational risk assessed.

eLoans Consumer Finance Solution has a set of preemptive customer risk tools (Credit Limits Module, Collaterals) and a Collections Module that allow the Institution to minimize its credit risk and not transfer it in product pricing.

Distribution Channels
eLoans Consumer Finance Solution can serve multiple Financial Services models as it has an extended multi Channel Functionality that allows for successfully addressing the issues of convenience of products and services offered (geographical reach, time constraints, products & services offered and quality, on-time product launch).

eLoans Consumer Finance Solution can be implemented in retail shops or existing bank branches via its web interface, allowing the Financial Institution to have a physical presence, in order to serve the most conservative customers or assisting professional personal service for financial products.

eLoans Consumer Finance Solution can support payments via other Banks or post offices and can support ATMs, minimizing the "disadvantages" of the Branchless environment.

eLoans Consumer Finance Solution with its Business Partners Web Platform, Genesys Call Center functionality and ATMs support, provides 24h service, improves customer satisfaction, and reduces servicing costs. Time and distance are no more constraining factors.

eLoans Consumer Finance Solution multi-market orientation allows it to be implemented from retail lending functions in parallel markets (car finance, consumer goods, personal loans, insurance, B2B stock financing) that offer one stop financial shopping, or boutique banking that offer specialized financial services.

eLoans Consumer Finance Solution product "factory", allows the fast tailoring and in-time market launch of new financial products and services. Business users instead of IT specialists engineer new products, customize old ones to new or existing markets in order to meet new challenges and stay ahead of competition.

eLoans Consumer Finance Solution business process management module, along with its "factory module" product, its versatility in implementing multiple channels and rationalizing of uses leads to improved quality of products and services resulting to diminishing cost of access to the Financial Institution's facilities.

Management Needs
eLoans Consumer Finance Solution features an extensive reporting system, which is enhanced with the enterprise wide Business Intelligence, while being capable to integrate information from other systems. This open architectural design allows the gathering of information from multiple sources (within and outside the solution) in order to provide value-added information and aid management in decision making and business planning .Its main advantages are:

Information is available to the MIS Dept. with no long time intervals required in order to process information.

Management can perform ad-hoc comparisons for decision making needs in a rapidly changing market environment. "What if" scenario functionality is available so test cases can be simulated and possible results can be projected for impact analysis.

MIS Dept. can design its reports making it a department that can monitor all areas of Financial Institution's operations and can easily adapt to new needs raised from day to day operations.

Furthermore, Collections module can closely, monitor accounts in arrears preventing losses or assisting debt recovery from delinquent loans, in an effort to minimize the variability of inflows.

Flexibility
eLoans Consumer Finance Solution has been architecturally designed to accommodate change. It incorporates a high degree of parameterization, nothing in the system is hard-coded, and the"behavior" of the financial institution is described and controlled by a set of parameters.

eLoans Consumer Finance Solution supports customer-centric operations, multiple business zones), multiple accounting standards (including IAS), multi-currency processing, and it is multi-lingual.

Open architecture
eLoans Consumer Finance Solution has been architecturally designed to offer interoperability with other systems. Its open architecture allows financial institutions to build in-house solutions, which will seamlessly integrate with Consumer Finance Solution (as if they were a single system), using the eLoans Consumer Finance Solution SDK (Software Development Kit).