SaveIT

Define tenants, creditors, portfolios, user access and parameters; monitor overnight/intraday processes and system metadata.

Create/modify products, interest schemes, debt types, balances, transactions, and payment waterfalls with full version control.

Seamlessly import multiple portfolios—even from different creditors—using standardized, pre-configured templates and automated reconciliation. This capability accelerates onboarding from legacy systems, reduces implementation time and errors, and ensures consistency while optimizing operational efficiency. Clients can use templates without Vendor’s intervention and fully control the onboarding process. Templates support both purchased and third-party servicing portfolios.

Maintain customer data, relationships, and account details. Access schedules, rate plans, and loan attributes from a unified view.

Process credit transfers, direct debits, standing orders, unmatched payments, and transfers with real-time monitoring. Configure all schedule types (annuity, amortizing, interest-only, step-up, seasonal, balloon, etc.) with auto-recalculation on lifecycle events. Support payment holidays (full, partial, or interest-only) with flexible parameters, controlling accruals, capitalization, and term extensions.

Design and evaluate multiple restructuring scenarios under defined rules and approval workflows. Implement approved solutions with full traceability.

Simulate loan behavior for active, overdue, or terminated accounts. Define undue principles, configure debt forgiveness rules, and monitor compliance in real time. On achieving compliance, automatic restructuring or write-off actions are triggered.

Manage full, partial, discounted, or asset-based payoffs with automated accounting and payment schedule recalculation. Track settlements with workflow-driven actions, applying discounts, and breaking fees with full auditability.

Daily accruals on multiple balances, with support for fixed or floating rate periods, benchmark reviews (e.g., EURIBOR/LIBOR), and compounding control. Seamlessly handle non-accrual processing (off-balance sheet) and cease of interest calculation when required.

Automated bucketing, cease/off-BS interest; early redemptions, adjustments, fees, reversals, transfers to overdue, termination, write-offs, and closings.

Apply dual authorization (maker-checker) for manual postings, adjustments, and write-offs, ensuring data integrity, accountability, and full audit traceability.

Export to credit bureaus, accounting systems, and direct debit providers. Import payments, FX fixes and benchmark rates. Generate product, customer, and account-level reports and notifications.