All banks and financial institutions are offering auto financing products with innovative service offerings and incentives to varied customer segments. Top automotive lenders focus their operations on managing risk exposure, scale to optimize processing efficiency and meeting the needs of their customers.
FinnOne™ Neo Auto Finance is a powerhouse of seamlessly integrated software modules, built with the objective of providing operational and decision-making support.
The module offers solutions that help manage complete auto loan life cycle and maximize the lending experience. The comprehensive product suite embraces processes starting from application on boarding to decision making, disbursal, and servicing.
FinnOne Neo offers high performance solutions for retail auto financing options viz loans, leases and fleet finances. The product suite offers modules starting from origination of loans to servicing till the management of delinquent loans. It offers front to back office and complete product lifecycle management
FinnOne Neo CAS automates and manages the complete application processing flow of the auto loan applications.
FinnOne Neo LMS supports various functions in the life cycle of the auto financing loan – customer service request like early closure of the loan, partial prepayment of the loan, change of address; periodic activity on the loan such as – due generation, income accruals, fee or expense amortization, payment processing, late payment fee charging, non-performing asset (NPA) identification and classification, rescheduling the loan, down-sizing the loan, fix-float conversion and loan maturity.
FinnOne™ Neo Collections system focuses on tracking and management of delinquent customers and helps organizations minimize delinquencies through a series of proactive actions and tighter supervision