The comprehensive software platform is an absolute must-have for microfinance lending management. It enables multi-channel loan origination, automated scoring, underwriting, and repayment monitoring for effective microlending and hassle-free experience for borrowers.With real-time data analysis and reporting features, it provides valuable insights for informed decision-making and risk assessment. The timveroOS product for MFI helps effectively manage lending operations, drive growth, and make a positive impact on underserved communities.
At TIMVERO, we ensure the micro lending business needs are met in full and at every stage: from providing reliable and intuitive loan origination channels all the way to efficient semi-automated debt collection. Here is what we offer:
TIMVERO microfinance software can automate most of the loan origination steps: it automates the application process and document verification, facilitates credit scoring, and generates loan agreements.
It can also integrate with external data sources for efficient KYC and underwriting. Automating loan origination processes improves efficiency, reduces errors, and accelerates the lending process for microfinance institutions.
Our software for microfinance lending can automate loan servicing in full. For example, it handles payment processing, generates repayment schedules, automates late payment reminders, and tracks borrower communication. With it, you can generate comprehensive reports, manage loan products, and facilitate collections.
Automating loan servicing processes saves operating expenses, creates a more attractive borrower experience, and ensures accurate and timely loan management for micro loan businesses.
Numerous tasks in debt collection can be delegated to timveroOS: use it to generate automated payment reminders, track overdue accounts, and initiate collection efforts.
The platform can also automate communication with borrowers via notifications, SMS, or email, and provide comprehensive reporting on collection activities.
Automating debt collection processes helps to use human resources smarter. It increases recovery rates and ensures compliance with regulatory requirements for microfinance institutions.
timveroOS provides analytics at scale for microfinance lending to assemble pieces of data in updated patterns in risk management, strategic marketing, and financial engineering to increase profits and optimize the performance parameters of your microfinance company.
Benefit from scrubbed trend data, highlighted risk indicators, real-time financial state monitoring, and loan product suggestions in a top-notch digital product for full-cycle microfinance loan management.
timveroOS builds seamless and tech-savvy onboarding for banks and financial institutions to improve conversion rates and minimize customer churn at every stage. Your borrowers can undergo fast fully digital KYC checks and submit their consents with a click.
The major advantage of TIMVERO consumer lending software is robust data furnishing tools and analytics.
The system generates forms and supports auto-fill based on existing CRM data or API integrations with data providers. Just as well it easily extracts and processes data from complex financial reports in banks.
Automated doesn’t mean uncontrollable or black-box.
It is you who defines custom scoring parameters, such as customer profile values, free cash flow range, and other risk parameters.
As a result, your consumer lending business obtains data-centric and effective scoring models - both soft-check and hard-check. Each is based on clear predefined rules for different borrower groups to minimize risk, reduce operating expenses and get the most out of what timveroOS automation can fuel your business with.
The entire document management part can become paperless.
The multi-stage process of signing a contract is supported by a number of online and offline channels. The system stores, edits, and updates various contract templates for borrowers.
The timveroOS functionality includes an automatic opening for debit or credit accounts or loan disbursements via integration with a core/general ledger collateral management. No need to switch between files, folders, and data providers: consumer loan software by TIMVERO unites all contracting operations in a single interface.
Robust collection module is a must-have for retail lending software. When compared to any out-of-the-box solutions in the market, at TIMVERO we added extended covenant control and collecting payments tracking along with ready-made proactive collection strategies for banking with automated notifications.
What’s more: banks and lending businesses always have necessary business metrics at their fingertips due to in-built systems for capturing analytical data and smart reporting.
We introduce smart decision-making and reporting within timveroOS. It is a revolutionary software module designed for microfinance lending that can transform loan origination and management in microloans.With our AI/ML-powered platform module, financial institutions can leverage extensive data for informed decision-making, accelerating and improving executive decisions by relying on big data instead of intuition. This leads to an average increase in loan profitability of 13%.Utilize data-driven insights to enhance scoring, underwriting, customize offerings, and optimize market outreach. Unleash the power of synergy among risk, product, marketing, and financial departments, enabling C-level decisions to be made up to 12 times faster.Facilitate effective collaboration across various departments with convenient reporting. Scale operations, mitigate risks, seize upselling opportunities, and achieve impressive ROI with timveroOS proprietary Financial Engineering/Cashflow engine.
Fast and fully automated custom flows play a crucial role in microfinance lending management due to the opportunity to build tailored digital onboarding flow, implement e-signature, and automate disbursement processes. All this significantly reduces manual effort and ensures a quick and efficient loan origination for microfinance institutions.
Limitless customer flow differentiation allows for customized and tailored loan application processes, repayment structures, and customer interactions. This flexibility accommodates the diverse needs and preferences of borrowers, enhancing customer experience and satisfaction. Microfinance institutions can effectively manage and cater to a wide range of customer flows, driving success and growth in their lending operations.
The precise analytical module in timveroOS micro loan software enables data-driven decision-making by providing in-depth insights into loan performance, borrower behavior, and risk assessment. This module empowers microfinance institutions to identify trends, optimize lending strategies, and mitigate risks, leading to informed decision-making and improved portfolio performance.
Easy and intuitive vendor onboarding in POS lending is hard to overestimate. Streamlined processes, automated workflows, and user-friendly interfaces within TIMVERO for POS loan management simplify vendor registration and verification procedures. Vendors can quickly onboard, access comprehensive training materials, and seamlessly integrate the platform into their existing systems, ensuring a smooth transition and efficient utilization of the lending solution.
A risk assessment by timveroOS involves analyzing borrower data, creditworthiness, and historical repayment behavior to evaluate the likelihood of loan default. It includes factors such as income verification, credit scores, collateral valuation, and demographic information. The MFI software uses advanced analytics to assess risk accurately, enabling informed decision-making and effective risk mitigation strategies.
TIMVERO for microlending focuses on seamless user experience by providing an intuitive and user-friendly interface for both microfinance institution staff and borrowers. It involves designing workflows that are easy to navigate, simplifying data entry processes, and offering clear and concise instructions. A positive user experience enhances efficiency, reduces errors, and fosters better engagement and satisfaction among users.
The ability to issue loans at scale while maintaining a high level of personalization is a critical aspect. It enables microfinance institutions to efficiently manage a large volume of loan applications while tailoring loan terms, repayment schedules, and borrower interactions to meet individual needs. This balance between scalability and personalization ensures a positive borrower experience and sustainable growth in micro lending software operations.
timveroOS is an exceptional loan management solution for banks. Its comprehensive features, such as automated workflows, precise analytics, and scalable capabilities, empower banks to streamline loan operations, enhance risk assessment, and optimize their lending portfolios efficiently and effectively.
timveroOS is a powerful loan management solution tailored for credit unions. With its robust features, including customizable workflows, integrated analytics, and seamless integrations, credit unions can streamline loan processes, improve risk assessment, and provide a superior borrowing experience to their members.
timveroOS is a cutting-edge loan management solution designed specifically for fintech companies. With its advanced features, such as API integrations, configurable workflows, and data-driven analytics, fintechs can optimize loan origination, enhance risk assessment, and deliver a seamless end-user experience. The platform empowers fintechs to scale their lending operations almost limitlessly and achieve greater success in the competitive market.
Learn more about TIMVERO lending software for microfinance organizations.
Book a 30-minute demo session now and use the opportunity to unlock your micro-lending business's potential for success!