Balance Maintenance
Balance Maintenance involves managing financial accounts and ensuring that the balances, bills, and debts associated with those accounts are properly maintained and reconciled.
-
Bill balances such as commitment balance, principal or interest or charge amount of facility should be adjusted
-
Perform the write off of all the balances and bills of a loan. Bank calls for the write off of a loan borrowed by a defaulter when the chances of loan recovery are almost zero and its assets are non-performing.
-
Bill balances such as commitment balance, principal or interest or charge amount of facility should be adjusted
-
Perform a write off of the balances and bills such as principal or interest or charge amount for the unpaid loans
-
Perform a write off of the balances such as principal or interest or charge amount for the unpaid loans
Write Off Bills
PUTPerform a write off of the bills such as interest or charge amount for the unpaid loans
Create an Asset
Collection of end points that relate to Tangible asset, arrangement and covenants creation, enables creation of Land & Building, Equipments, Specialised Assets
-
Creates assets that fall under classification of vehicles
-
Creates assets that fall under classification of equipments
-
Creates assets that fall under classification of land & buildings
-
Creates assets that fall under classification of specialised assets.
-
Registers the tangible asset into the system by capturing the basic details like asset class, asset type, cost details, depreciation details.
-
Creation of hire purchase agreement for the customer with terms & conditions.
-
Creation of lease agreement for the customer with terms & conditions.
-
Creation of chattel mortgage agreement for the customer with terms & conditions.
-
Captures and accepts new insurance for an asset, specifying details such as the insurer, coverage amount, policy number, and coverage period.
-
Captures and accepts details based on the the outcome of an inspection, including data such as the inspector, inspection date, status, and any comments about the assets condition.
-
Captures and accepts details when an asset has been inspected and officially accepted by the organization, documenting the data such as acceptance date, accepting party, and status.
-
Captures and accepts details when a vehicle has been inspected and officially accepted by the organization, documenting the data such as acceptance date, accepting party, and status.
-
Activation of an asset finance agreement. This action marks that the asset is delivered to the lessee and the contract terms are initiated.