Finance Origination

Manage the finance origination process for corporate, retail, and micro finance. The process starts from the facility request ending with the facility posting which includes moving step by step through the workflow to get the needed approval and revision cycles. You can also manage facility maintenance transactions including facility renewal, amendment, adjustment, suspension, activation, renewal, extension, termination, and rate maintenance.

Ithmaar Finance Origination works seamlessly with supporting functions such as deficiency management and collateral management modules. Now, you can serve your customer requests with the most efficient process getting them ready to book their contracts.

Retail Finance

Managing Retail Finance business always puts you in a trade-off between providing a fast and convenient experience for your customer and going through the proper business process with the necessary approval cycles and risk assessment activities. Adding market competition that forces continuous innovation and delivery of new competitive finance products, you are left with no choice of adopting the right system that gives you the agility and power to design, setup and manage your business process.

Ithmaar Finance handles the retail finance process from the very beginning of customer definition through contracting and settlements to collection and legal follow up. It offers very efficient purchase order management, promotion management and credit inquiry modules with lots of dynamic setup tools. Different options of handling installments through cash, cheques, bank transfers and bank standing instructions add convenience to your product offering.

The Islamic Finance Engine allows you to design and implement your finance products with confidence of being 100% Sharia compliant leaving you with substantial room for innovation to deliver to your customers the service they deserve.

Corporate Finance

Corporate Finance process can get overly complicated especially when several parties are involved. It applies a lot of constraints when it comes to assessing risks and taking the right financing decisions. We believe that outdated systems can hinder your efforts towards effectively managing your business process. It can also be an obstacle when trying to smoothly handle approval cycles with different roles are involved and several levels of authority.

Ithmaar Finance offers you the most efficient way to serve your corporate customers. Starting from customer definition (KYC) and credit analysis, through managing facilities, contracts, purchase orders, collaterals and settlements ending with collection and legal follow up the process is effectively covered.

A flexible workflow including multi-level approval cycles with comprehensive roles and permission setup will help you easily design your business process to suit your organization’s requirements. Moreover, deficiency management and validation rules setup will give you control over your business rules to be able to dynamically cope with the ever-changing market standards and internal and external regulations.

Collection and Legal Follow Up

Ithmaar Collection and Legal Follow up is all what you need to manage and track your collection process through dynamic setup options, high functionality tickets collection and legal management and insightful analysis tools and reports.

Setup your own policies, categorize the contract past dues into buckets and define rules to allocate tickets to collectors based on different dimensions. Collectors can access and manage their collection tickets, view customer history and important data, record customer responses, set follow up dates and assign site collectors or transfer them to legal department.

The product also facilitates escalation of tickets to legal department through a full compressive process and allows to manage legal follow up process, escalations, and all legal actions.