Fyndoo Core Lending takes care of the complete financial settlement of the agreements laid down in the credit agreement.
Having signed an agreement with a client, you then have to actually pay out the financing, and then collect the interest and repayments. With Core Lending this is effortless, as everything is completely automated. Incoming payments are automatically matched with outstanding payment obligations and immediately included in your administration via an accounting link.
Even when a customer is in payment arrears, you can leave things largely to Core Lending. If a scheduled repayment isn’t made, it automatically sends a payment reminder. You can also document payment arrangements. If the backlog becomes too big, a review process kicks in. In combination with Manage, it’s also easy to make changes, for example to the interest rates, repayment schedule or an extra repayment.