Insights

Netcompany-Intrasoft, the leading IT company, adds PROFITS® Micro Finance Credit –an integrated Core Banking system available in the SaaS cloud and on-premise– to its product and service portfolio. The purpose of this new addition is to further bolster the value of the services the company offers in the micro finance market.

PROFITS® Micro Finance Credit utilises innovative digital solutions and services and is aimed at organisations whose activities fall under Law 4701/2020 which lays down the framework for providing micro finance from June 2020 onwards.

Using PROFITS® Micro Finance Credit, Netcompany-Intrasoft offers powerful, safe and reliable technology to all types and sizes of micro-credit institutions, SMEs, self-employed entrepreneurs and retail customers, in accordance with the regulations and provisions of the relevant law.

Having already installed the PROFITS® banking system with cooperative deposit, loan and micro-credit management organisations, Netcompany-Intrasoft has extensive experience and provides a complete set of functions such as:

  • Digital Channels (Mobile & Web Banking)
  • Customer Onboarding
  • Loan Application Workflow
  • AML / KYC
  • Limits & Collateral
  • Full loan life cycle presentation & management
  • Loan restructuring
  • NPL management
  • Leasing
  • Compliance & Regulatory Reporting
  • General Accounting

At the same time, functions relating to assessing potential borrower creditworthiness (for individuals, SMEs and companies) are part of the PROFITS® Micro Finance Credit system. These include:

  • Credit Limit Calculator
  • Estimated Arrears Calculator
  • Expected Losses due to Default Calculator
  • Credit Policy - Planning and Monitoring
  • Credit Policy Simulator (for type of loan, payment methods, interest rate, profit)
  • Monitoring the Existing Borrower’s Credit Status
  • Viable Restructuring Calculator
  • Likelihood of Recovery Calculator
  • On-line interconnection with data sources about merchant credit ratings (such as the Tiresias system), evaluation and monitoring
  • Find Up-Sell & Cross-Sell opportunities