Can A Government Company be Subject...
In the recent (landmark) judgment delivered by NCLT Mumbai in the case of Harsh Pinge Vs Hindus...
Loan Management and Financial Services are the economic services which are provided by the finance industry which covers a broad range of businesses that manages money including credit unions, banks, credit card companies, insurance companies, accountancy companies, stock brokerages, investment companies including government-sponsored enterprises.
Financial Services include the following:
Loan Management is a common business requirement in today’s competitive world. Loan management helps to design a loan and manage the day to day operations related to it. Loan management can also be used by companies which deal in the products which are most expensive.
The Loans Management module permits you to manage both merely structured loans such as consumer loans, and complex loans, such as mortgage loans.
Loans Management is fully integrated which allows measuring the effects of loan activities on your liquidity or interest rate risk directly. Cross-application functions, such as the Information System provider provides you with a comprehensive overview of the business plan relationships maintained with your loan partner.
The following product categories are available in the system for representing the various loan forms:
It offers functions for processing existing contracts such as changes in contract, business operations like charges, payoffs, changes in product category, deferral and capitalization of overdue items, automated generation of roll over for mortgage loans
The accounting processes for loans are maintained within Loans Management. There are manual and automatic functions for generating debit items, and functions for transfer postings and position valuation. The relevant posting information is transferred to Financial Accounting via an interface. Payments system are enabled to assign to an appropriate customer account are posted to rejection accounts, while advance payments and overpayments are posted to a customer account. You can then process these payments manually using the payment post-processing function.
The information system allows you to monitor deadlines and evaluates positions and revenues. It gives you the detailed overview of your partner’s loan commitment. You can use the drill-down reporting approach to make use of predefined standard reports and to generate and edit your own reports.