Cerquit Loans Management System

       Cerquit Loans Management System is a holistic web application that is technically designed to support wide range of industry -  from micro-financing companies to large -scale real estate developers;  Cerquit Loans is a solution to the complex requirements of any loans system; it covers managing of extensive tasks -  application of loans, managing receivables , financial assistance,  collections, and creating reports.  It aims to promote productivity, efficiency and convenience to not just collection  officers, but to the managers , executives and business owners as well.

       For any financing company, the Cerquit Loans can be a hub that is a combination of simplicity, power and intelligence -  a simple and sleek interface,  powerful functionalities and intelligent reports.

       Cerquit Loans  is 100% developed and maintained by Cerquit Solutions Inc. And can be integrated to Cerquit Accounting System.

LMS Key Features:

1. An  application Dashboard which shows summary of all closely monitored information such as :

a. No. of active clients by loan types.
b. List of Loan Applicants.
c. List of Checks for deposit.
d. List of Checks for pullout.
e. Amortizations Due for the week.

2. Embedded Property Management System that allows the company to add several real estate projects, units under these projects; specific details for each unit; monitor status of the properties real time.
3. Supports In-House and  Pagibig –HDMF Loans.
4.  Supports amortization for Equity and Down payment loans, with automatic generation of amortization schedule based on defined parameters.
5. Automatic computation of penalties as defined.
6. Supports PDC (Post-Dated Check) management, with automatic generation of PDCs from a given check series.
7.  Provides a facility to easily monitor Collections.
8. Supports custom-defined loan aging and grace period.
9. Can also be applied to leased properties.
10. The use of Apply Loan Wizard to easily create loans in a few very easy steps.
11. With a calendar of holidays with option to automatically wave penalties on these defined dates.
12. Supports several user levels and restrictions.
13.  A holistic Client Loan Profile which provides a summarized data of a client’s loan – consisting of:

a. List of Amortization Schedule
b. Client’s Loan Ledger
c. Client’s personal information
d. Details of the Property borrowed

14. Provides a Calculator tool that helps in computing monthly amortization cost given specific parameters (e.g. terms, interest rate) – which can be helpful for clients in assessing their finances.
15.  A facility that helps collectors to efficiently monitor their borrowers’ activities with the use of Loan Notes and Loan Documents.
16. Loan Restructuring
17. Pre-Termination of Loan
18. Viewable Loan Archive
19. Can be integrated to your present accounting system.
20. Availability of audit trail.
21. With integrated reports.

LMS Key Benefits:

1. Reports are readily available and can easily be delivered; A few examples are:

a.  These system-generated reports provide intelligently grouped data which can help with analysing the current status of the business.
b. A report that can identify past due/defaulting clients.
c. One that can clearly show aging of loans.
d. A report to show collections.
e. With embedded templates of notices that are usually sent to clients.

2. It’s a web application, thus, can be accessed via internet, anytime, anywhere, with applied restrictions, therefore, without compromising security.
3. Eliminates tedious manual processes, prevents inevitable human errors, redundancy of tasks, delay in reports, conflicts in managing of accounts amongst collection officers. Promotes productivity, efficiency and accuracy in collections department.
4. Management of loans becomes very easy - the CLMS application can help with stress-free income monitoring and decision making.
  

Software Requirements

Database

* - FREE and easy to use version of MS SQL Server

Reports

SSRS is already included in of SQL Server Standard Edition or later and SQL Express Edition with Advance Services. This requires IIS 5.0 or later.

Framework

Operating System

** - If setup as data storge or setup as stand alone accounting system only MS SQL Server Express Edition can run in these operating systems.

System Requirements

Database Server

Client Machines

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Cerquit LMS: Modules and Features

a. Administration
   i. Allows the company to manage administrative data relevant to the whole application: These are the following:
     1. Company/Developer
     2. Projects
     3. Units
     4. Banks
     5. Loan Types
     6. Buyers
     7. Users

b.  Loans Profile
Loans Profile modules covers loans details, types, reference documents, and amortizations. Here are the modules included,  listed in detail:

    i. Buyers Profile
    ii. Loan Information
       1. Loaned Unit Information
       2. Loan/Profile Details
       3. Loan Ledger
       4. Loan Aging
       5. Loan Notes
       6. Loan Reference Documents
       7. Loan Types
          a. In house Loan
          b. Pagibig Loan
    iii. Regular Amortization
       1. Amortization and Post-Dated Checks Generation
       2. Loan Amortization  Schedule
    iv. Equity Details
       1. Equity Payment Details
       2. Equity Amortization  and Post-Dated Checks  generation
     v. Downpayment Details
       1. Downpayment  Details
       2. Amortization and Post-Dated Checks  generation

c. Transactions
   Is the heart of the Loans Management System.  Covers all important transactions as listed below:
    i. Payments Processing
      1. Checks
      2. Cash
      3. Remittances
   ii. Check Updates
      1. Clearing
      2. Cancellation
      3. Rescheduling
   iii. Loan Check Generations  for Regular loan, Equity and Down payment

   iv. Pre-Termination of accounts
    v. Accounts restructuring
   vi. PAGIBIG/HDMF  Remittances

d. Utilities
   Are some cherry- on- top modules of the Loans Management System. These modules promote convenience and efficiency for users.
    i. User Dashboard
      1. Shows Active Accounts
      2. Loan Applications
      3. Checks for Deposits
      4. Checks for Pullout
   ii. Archive of Inactive accounts
  iii. Audit Trail Logs
  iv. Amortization Calculator

e. Reports
   The following reports that the Loans Management System can generate.

   i. Master List of Buyers
  ii. Collection Schedule
  iii. Abstract of Collections
  iv. Pag-ibig Collection Report
  v. Daily payment Transactions
  vi. Collection Efficiency Report
 vii. Borrower’s Ledger
 viii. Statement of Account
  ix. Pre-terminated accounts
  x. Fully paid accounts
  xi. Defaulting/Updated Accounts
 xii. Aging of Overdue Accounts
 xiii. 1st Demand Letter
 xiv. 2nd Demand Letter
  xv. 3rd Demand Letter
 xvi. Check Status
 xvii. Returned Checks
xviii. Check for Deposit
 xix. Official Receipt Issued

Loan System Reports and Notices
Reports:
1. Checks list by Status and Date Range
2. Payments list by date range
3. Loans Master List by status and/or loan code
4. Loan Amortization Schedule
5. Loan Ledger
6. Statement of Account
7. No Payment Since Take Out
8. No PDC since Take Out
9. Monthly List of Take Out Accounts
10. Weekly Collection Report for HDMF
11. HDMF Receipt
12. Financial Assistance Reports
13. Target and Collection Report
14. Outstanding Balances Report
15. Loan Aging Report

Notices:
1. Notice of Arrears
2. Reminder Letter
3. Notice of Delinquency
4. Friendly Reminder
5. Notice of Insufficient Funds
6. Cancellation Notice

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