Surety and guarantee products are attractive sales markets in the modern financing business. As a state-of-the-art management solution for financing processes, the Credit Management System (CMS) also maps the guarantee credit business with its specific requirements at the highest level of automation. The guarantee credit solution implements all guarantee credit management processes in a customized manner, from application submission to automatic application decisions and processing through to contract management and accounting in an integrated, web-based solution.
Application
Entry of all required application data with plausibility check (parties involved, loan amount and underlying transaction);
Product selection
Selection or individual entry of guarantee credit products;
Credit agencies
Automated query of credit agencies;
Credit decision
Generation of automatic or manual credit decisions based on calculated scoring or rating results as well as workflow-supported credit processing;
Contract
Contract and fee settlement as part of contract management;
Collateral
Possible creation of collateral in collateral management;
The entire life cycle of the guarantee loan, from the preparation of the offer to the termination of the contract, is mapped in an end-to-end system.
The solution supports all desired sales channels and end devices in the store, in the field and at the point of sale (PoS).
Private and commercial guarantee credit transactions with flexible financial products for specific types of business are mapped across the board.
The credit decision is always made according to the criteria and rules defined by the financial services provider. This ensures compliance with standardized and centralized lending guidelines and regulatory requirements.
Upon activation and during the term of the contract, the system checks whether all collateral required in accordance with the established rules and regulations has been created and linked to the loan agreement.
