TIMVERO’s POS (Point-of-Sale) lending software is designed to empower businesses and financial institutions that make financing options at the point of sale easy, handy, and affordable.With timveroOS merchants are free to provide flexible repayment terms, while banks and alternative lenders get an effective technological backbone to make this happen in a mutually beneficial way.Businesses can effortlessly integrate timveroOS into their existing workflows, boosting customer satisfaction, increasing sales, and optimizing revenue generation. Discover how TIMVERO POS lending software can revolutionize your business and take it to new heights.
The POS loan platform timveroOS provides businesses with an all-in-one solution:
The platform collects applications from a POS terminal or a website via a proprietary Vendor Module.
Due to the custom creation of loan products, industry-tailored underwriting algorithms, data modules, financial terms, and document templates, every vendor can benefit from a personalized approach, while every borrower will be provided with a hyper-personalized effortless experience of POS lending.
Tech-simplified efficient loan servicing in the point-of-sale lending industry is a key focus of timveroOS.
The platform provides multiple options for collections and funds distributions. Choose full upfront payments or proportional repayments upon each transaction - in every business scenario, TIMVERO will get you covered.
Automate loan servicing tasks, enhance customer experience, and maximize operational efficiency with our robust software, tailored to meet your specific business needs.
Debt collections need to be automated as much as possible, therefore timveroOS provides robust functionality to speed up the work with default loans.
From automated reminders to custom repayment plans, real-time dashboards, and monitoring.
With the help of profound analytics, the system detects loan problems and suggests ways of dealing with them to keep a strong and viable loan portfolio.
timveroOS proprietary analytics for POS lending helps reveal the real potential of data.
It provides a lot more than colorful dashboards, you get clear trend data, risk indicators, financial health parameters, and underwriting process suggestions in a single interface for alleviating risks and improving the quality of data-driven loan decisions.
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.
The launch of timveroOS, the POS lending software, can be a game-changer in POS loan origination and loan management. Here is how:With our AI/ML-powered platform module, financial institutions can implement a vast amount of data for their decision-making. It makes executive decisions accelerated, more accurate, and backed up with big data instead of a gut feeling. As a result, the average loan profitability grows by an average of 13%.Implement data-driven insights in scoring, underwriting, creating custom offerings, and market outreach. Catch the synergy point between risk, product, marketing, and financial aspects and make C-level decisions up to 12 times faster.Allow various departments to collaborate more effectively due to the convenient reporting. Scale up operations, reduce risks, use every upsell opportunity, and gain an impressive ROI with timveroOS proprietary Financial Engineering/Cashflow engine.
A highly functional and user-friendly Vendor portal is crucial for point-of-sale lending software as it empowers vendors to efficiently manage loan applications, track funding, and streamline communication. It enhances collaboration between lenders and vendors, enabling seamless transaction processing, reducing errors, and improving overall customer experience in the lending process.
API integrations enable seamless connectivity with third-party systems, such as payment gateways and credit bureaus. This integration streamlines data exchange, accelerates application processing, and enhances risk assessment capabilities. It ensures a smooth and secure flow of information, leading to improved operational efficiency and customer satisfaction.
timveroOS POS lending platform delivers a seamless customer experience by offering instant loan approvals, flexible payment options, and convenient application processes. It eliminates lengthy paperwork, reduces waiting times, and provides real-time updates. With a user-friendly interface and personalized support, customers can enjoy a hassle-free borrowing experience, fostering loyalty and satisfaction.
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.
AI-based customizations, a personalized approach to every borrower, and data-driven decision-making directly impact the profitability of POS lending. At TIMVERO, we harness advanced algorithms and ML to build a better customer experience and effective retention-focused marketing.
timveroOS for POS lending provides a wide range of flexible settings, integrations, and scalability opportunities that are important for growth strategies in the point-of-sale industry. The system provides stability even with a growing number of loan applications and transactions, so it quickly adapts to changing business requirements and processes. Due to complete configurability, it seamlessly aligns with your business workflows, loan servicing policies, and reporting preferences.
The TIMVERO POS lending platform offers banks numerous advantages. It enables seamless integration with existing banking systems, streamlines loan origination and servicing processes, and enhances risk assessment capabilities. With its scalable and configurable nature, TIMVERO empowers banks to optimize operations, improve customer experience, and drive loan portfolio growth.
Credit unions can benefit greatly from the TIMVERO lending platform. It offers seamless integration with credit union systems, enabling efficient loan origination and servicing. The platform's configurability allows credit unions to align it with their unique workflows and lending policies. With enhanced risk assessment capabilities and streamlined processes, credit unions can provide their members with a seamless borrowing experience while optimizing operational efficiency.
Fintech companies can leverage the advantages of the TIMVERO POS lending platform to drive their lending operations. The platform's API integrations facilitate seamless connectivity with fintech systems, enabling efficient loan origination and management. Scalability and flexible settings cater to the growth strategies of fintechs, while robust risk assessment capabilities ensure accurate decision-making. By leveraging TIMVERO, fintechs can enhance their lending processes, improve customer experience, and achieve optimal business outcomes.
Discover the capabilities of TIMVERO's POS software through a 30-minute demo session.
Our team of experts will provide a personalized overview tailored to your specific goals and requirements in the point-of-sale industry. Don't miss out on the opportunity to unlock your auto lending business's potential for success – schedule your demo today.