Feature Deep Dive
Loan-and-Advance-Management
Overview
About This Feature
Defining of loans/advances at company level along with formulas. Application of loans by employees with ease thru the Employee Self Service portal Approval (sanction process) process of loans by managers across the hierarchy. Recovery of the loan including EMI adjustment over a period of time. Auto calculation of interest on loans based on flat interest, reducing balances.
In Action
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See It In Action
Key Capabilities
Rule Based Loans & Advances
Accomodates different rules for different loans.
Multi options for Interest
Multiple Interest calculation options are provided.
Stop Payment option
Stop payment option is available.
One time down payment
Down Payment to settle accounts.
Manage Multiple loans
Can manage multiple loans per Employee.
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