| eRevolving's Features |
Portfolio management modes |
- Traditional fixed credit.
Leveled payment amount, decreasing and increasing quotas, with weekly,
bimonthly or monthly payments. Each account has a fixed payment deadline.
- Traditional fixed credit with the same cut-off date.
Similar to the traditional fixed credit, but each credit line has the same payment cut-off date. All debts incurred by the client are billed in one payment according to the monthly cut-off date.
- Fixed credit with payments against the principal.
Preset dates or payment cut-off dates, with interests calculated on the unpaid capital balance.
- Credit with pre-established fixed payments.
A credit line with pre-determined fixed payments, regular payments and interest on the unpaid balance. The minimum payment guarantees payment of interest and a percentage of payment on the capital. Payments are always the same independent of balance, facilitating client payments.
- Credit with indexed payments.
A credit line with payments indexed to inflation or other economic factors. Interest is usually not paid during the first few years of the loan. As the life of the loan continues, the amount of the payment that goes toward the interest increases while the amount that goes toward the capital decreases. This type of credit is granted for long-term loans, such as mortgages.
- Fixed documented credit.
All debits incurred during one month are grouped together as one loan and the payments are calculated according to the terms granted to the customer.
|
| Multi-rates |
The system handles an
infinite number of interest rates for products and promotions.
Fixed, variable or indexed rates, calculated monthly or daily. |
| Payment terms |
eRevolving handles weekly,
bimonthly, monthly payments, or payments according to the customer’s
requests or the company’s policies. |
| Credit promotions |
Grace period for the first payment, no interest charges for a set timeframe, varying interest rates by type or customer risk, and set future payment dates are all easily managed by eRevolving. |
| Refinancing |
This function handles the refinancing of mortgage loans. |
| Cash register module |
On-line and on file
payment receipt. Cash-register balance. |
| Factoring |
Module to handle
consumer and commercial factoring. |
| Executive reports
(MIS) |
These reports provide information about the administration, operation and status of the portfolio. Through this module you can create and obtain the
following reports by:
- Classification by zone, city and region.
- Executive or agent's performance.
- Analyst.
- Company and branch.
- Type of credit promotion.
- Currency.
- Type of rate.
- Term.
- Amount.
- Balances: total balance and overdue balance.
- Product acquired by the customer.
- Type of credit (mortgage, auto, etc.)
- Credit behavior.
- Customer's demographic info.
|
| Documents |
This module generates automatic letters for promotions, collections, notices and any other type of correspondence, and has personalized design and printing of account statements. |
| Balances |
Information module to check balances, report lost cards, and to lodge complaints through an automated call center serviced 24x7. |
| Unidentified
payments |
Administration and
control of unidentified payments. |
| Unrecoverable
accounts |
Administration and
control of unrecoverable accounts. |
