Case Study: FinanZmart achieves automated lending processing with Nelito Systems' FinCraft ILMS

How Finanzmart automated its Lending process with FinCraftTM ILMS

FinanZmart Services Private Limited, a retail financial services distribution company, needed an APIs-based lending solution to integrate product, charges, interest rate, and loan application data from its Loan Originating System while managing disbursement and collection for Advance against Salary loans. The company also wanted a 360° view of loan accounts, accounting integration, reconciliation, alerts, reports, and administration capabilities. Nelito Systems Ltd. was selected to support this initiative with its FinCraftTM ILMS.

Nelito Systems Ltd. implemented FinCraftTM ILMS to automate Finanzmart’s lending workflow, including loan disbursement, collections, overdue handling, accounting entries, Tally 9.0 integration, and API-based connectivity with the LOS portal, bank systems, and SMS/email gateways. The solution streamlined manual processing and improved control and visibility, delivering faster lead processing, reduced errors, quicker inquiries, better customer satisfaction, and shorter turnaround times.

FinanZmart Services Private Limited

Vinayak Khadye

Chief Digital Officer