One of the most multifarious projects EFusionSoft has ever worked on was for Loan FMS. They are an Indian loan and finance company. The system required a plethora of mathematical computations, which gave our developers a challenge, but an enjoyable one at that. They needed their site to track loan amounts, re-payments, EMI’s, discounts and waivers. Initially, they did all their work on paper, which was not the most efficient approach to business processes. They also wanted a system that quickly managed, processed, and reported their data with absolute meticulousness.
In addition to meeting their specifications, EFusionSoft added the following modules to their web-based system:
- ACL – Access control list for different types of system users
- Borrower and lenders accounts
- Loan schedule generation
- Loan conversion tool
- Daily collection and instant reporting