Maximise Returns & IMPACT: SME Lending Solutions from AutoCloud Enterprise

Lending Technology for Agile Financial Institutions –Digitize your entire SME lending Processes. Deliver excellence and enable a mutually rewarding experience for your Customers and Team Members

A $5.2 Trillion Dollar Gap

Small and Medium Enterprises (SMEs) play a pivotal role in most economies. They represent about 90% of businesses and more than 50% of employment worldwide[1]. Thereof, SMEs represents a massive demand led opportunity in terms of long term and short-term credit that can be leveraged by various lending institutions. However, access to finance is a key constraint to SME growth and the second most cited obstacle facing SMEs to grow their businesses in emerging markets and developing countries

SMEs face multiple challenges in accessing formal credit by banks vis-à-vis established businesses. Small business believe that banks don’t understand their needs or support them well, as evidenced by the fact that only one-fifth of small business loans are approved by banks.

Moreover, SMEs are diverse and unstructured therefore many banks don’t tailor products to subsegments or match them to business life stages thus when it comes to applying for a loan, product fit is closely linked to an SME’s chances of approval. Without a tailored offering, an SME is forced to opt into what’s available. This means going through an application process that hasn’t been designed with them in mind and lower chances of approval.

SME lending also present multiple risks and challenges for Banking and Financial institutions. Banks require data on many fronts to assess the creditworthiness of the SME but due lack of structured data and information asymmetry, Banks lack the quality and quantity of information required to fully understand the borrower’s business which makes it difficult for banks to lend credit and operate a profitable lending business.

SME segments are heterogenous and are engage in large number of sectors which make it difficult for Banks and FIs to segment enterprises using conventional banking models. Owing to heterogeneity of SMEs, banks have been unable to develop optimal credit models for assessing the loan application

AutoCloud’s Digital First End-to-End Lending Software

AutoCloud Lending Technology automates and streamlines the end-to-end lending process for a range of Commercial Loans, including swift customer onboarding, credit underwriting & decisioning, Loan Management, disbursement and Collections.

The AutoCloud approach to SME Lending recognizes the uniqueness of this Business line. The Solutions is built to cater to the demands of the Lenders and features created that enhance the overall borrowing experience of the Customer.

Built on a cloud-based, low code digital first platform, AutoCloud is a plug-n-play solution with built-in configurability that enables financial institutions to lend profitably to business of all scales and sizes.

1. Onboard Seamlessly
2. ASSESS & DECIDE SMARTLY
3. FASTER TAT
4. ACCELERATE GROWTH
5. ENHANCED CONTROLS
6. FLEXIBLE LOAN STRUCTURES
7. SUPERIOR INSIGHTS

.Multiple Solutions – Single, Unified Interface

SaaS loan origination, management, servicing, and collection software for all your lending products. Highly scalable Cloud Lending Platform that truly accelerates your digital transformation.

AutoCloud unified lending solutions with seamless internal integrations and well documented APIs for external interfaces enable Organizations to create impactful and comprehensive digital journeys for their Users and superior borrowing experience to their Customers. Enhanced Process visibility, real-time insights and communications add value across the Loan Life Cycle.

Onboard Anytime, Anywhere with AutoCloud’s LOS

AutoCloud’s Loan Origination Solution supports the Financial institutions with integrated and cloud-based application that improve the processing turnaround time and provide superior customer experience across the entire customer onboarding journey.

1. Digitize the entire loan application with paperless processing
2. View and manage customer risk profile and overall loan exposure with 360-degree customer view.
3. Onboard customers from anytime, anywhere with omnichannel loan origination for seamless customer experience.
4. Real time document validation with eKYC & vKYC.
5. Eliminate and reduce underwriting and fraud-related costs by implementing intelligent decision models.

Solution Features

1. Contact Management
2. Contact Management
3. Dedupe and CIF Management
4. Lead Management and Pre-qualification
5. Collateral Capture
6. Automated Decision and Evaluation
7. Lead Reports
8. CRM
9. Business Rule Engine
10. Credit Risk Management
11. Bureau Integration
12. Deviations Management

Empower Credit teams with Quick and Intelligent Decision making with AutoCloud’s Credit Assessment Module

Credit Assessment is designed to cater to all forms of commercial lending. In a single and unified solution, lenders can analyze borrowers’ performance and strategies across all commercial business lines. Credit Assessment provides comprehensive analytics, identifies unrecognized risk, and lowers IT overhead – helping lenders to increase revenue and profitability.

Solution Highlights

1. Assess Ability, Intent & Capability to Repay for Individuals, MSMEs & Businesses
2. Consolidating across data-points, Mapping & Scrutinizing from a Unified 360 view
3. Credit Assessment can be automated using BRE & Scorecards.
4. Low code modular approach helps you design credit assessment process
5. Reduces time to disburse by highlighting data anomalies and automating decisions

Solution Features

1. Dynamic data Display – Widgets and Charts
2. Consolidated Risk Analysis
3. Customer Categorization
4. Asset valuation & categorization
5. Legal Analysis
6. Income Analysis
7. Business Performance
8. Spreading Financial Statements

Digitize and Automate entire Lending Processes with AutoCloud’s Loan Management System

AutoCloud Loan Management System is the command center of your business operations from where organizations can easily manage all their existing products and procedures as well as have the power to introduce and implements customized products, multiple channels, and dynamic automated processes in no time.

Solution Highlights

• API driven infrastructure that allows streamlined connection with the lending ecosystem in delivering sophisticated digital capabilities
• Achieve greater visibility into the customer profile with 360° Loan view
• Reporting and dashboard capabilities to provide deep insights to deliver actionable decision making
• Automated loan workflow to ensure efficient execution of processes involved right from applying for a loan, on-boarding to collection

Solution Features

1. Varied Payment Periods
2. Interest Methods
3. Multiple Product Support
4. Automate Late Free & Charges
5. Document Management
6. Customer 360 View
7. Loan Restructuring
8. Co-lending Utility
9. Loan Amendment

Ensure better collections and reduce bad debt with AutoCloud’s Collection Suite

AutoCloud’s collection suite enable lenders to streamline their collections processes, improve operational efficiency and minimize risk by identifying non-performing assets, intimating customers payments, tracking collections and quick reporting. Automation of tasks allows collection agents to handle critical issues efficiently and speed up debt recovery thus decreasing bad debts and improving loan book value.

Solution Highlights

1. Streamline the collections processes and improve operational efficiency
2. Automate payment reminders using WhatsApp, Email and SMS
3. Decreases your bad debts and improve overall Loan Book
4. Data Summarized and presented for insightful analysis and actions

Solution Features

1. Collection history
2. Loan Schedule
3. Event based Charges
4. PDC Management
5. Mandate Management
6. Repossession Monitoring
7. Automated Case Allocation
8. DPD based Account Classification