Credit Facility Monitoring System - CFMS
Credit Facilities Monitoring System (CFMS) is a Web based Credit Administration System Customized for Banks. CFMS helps Bank to maintain the customer database and details of the facilities sanctioned and also monitors credit facilities given to the Bank’s clients and maintains details of collaterals and documents and tracks various deferral dates approved so as to ensure the completeness of the credit facilities to cover the bank’s risk and protect the bank’s interest at all times.
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NUCSOFT Capabilities
With implementation of this system the Credit operations department of Bank will have full automation & consolidation of their current processes in the domain of their credit management. Bank will be facilitated the following areas of operations.
Features:
- Security Documents Monitoring
- Statement / other monitoring stipulations tracking
- Covenants monitoring
- Drawing Power Calculation based on stock and receivable statement
- Customer database
- High level of data/information security
- Audit trails and Logging for each and every transactions
- Configurable approval/authorization process
