Ken-SOFTIL

 Software for Industrial/Institutional Lending

Kensoft provides state of the art Customized Enterprise Software Solutions and 3-tier Cloud Products. With built-in knowledge-based DSS(Decision Support Systems), our Financial Software Products have been successfully implemented and used in major corporations in India and abroad.
KEN-SOFTIL (Kensoft's Software for Industrial/Institutional Lending) is a seamlessly integrated & comprehensive ERP scale lending software solution tailor made for Financial institutions(FIs), Banks and NBFC's.
It is a highly integrated domain enriched software product which enhances the customer's experience and ensures a greater operational efficiency. SOFTIL has been developed ground upwards with domain inputs from professionals involved with actual day-to-day work in major Financial institutions. SOFTIL is at a degree of proven quality and excellence acheived through Kensoft's expertise in design and development for over a decade.

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Key Functionality & Main Modules

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  • Key Modules of Ken-SOFTIL:
  • - Loan Origination
  • - Structured Credit Appraisal
  • - Credit Rating for new and existing customers
  • - Loans Sanction Module
  • - Legal Documentation with Technical inspection
  • - Asset Classification & NPA management
  • - Loan and Financial Accounts
  • - Risk management Framework
  • - Recovery Module
  • - Collateral Security management
  • - DSS (Decision support systems)
  • - Reports and analytics
  • - Integrated Web Services
  • - Utilities and Customer Services

KEN-SOFTIL (Software for Industrial/Institutional Lending) is a comprehensive Enterprise ready lending software solution tailor made for Financial institutions(FIs), Banks and NBFC's.
This is an Enterprise software product which has an extensive knowledge base with inputs & effort from various domains experts, consultants and development teams. SOFTIL has an excellent user interface with Minimum training required for a new user.

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Distinguishing Features of Ken-SOFTIL:

KEN-SOFTIL has an evolved knowledge base incorporated into it's systems. It is designed to automate core processes and streamline advanced Lending functions. Ken-SOFTIL is a product that facilitates a wide range of Lending operations and enables efficient handling of large transaction volumes on a daily basis.

SOFTIL Users can define loan products online based on a combination of loan period, interest rates, fees payable etc.
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Ken-SOFTIL features an interest calculation based on a combination of interest frequency & calculation methodology. This includes simple or compounded rates with Principal first concept (Typically used for staff loans) & Interest only EMI (Typically used for Gold Loans). It also has Auto appropriation for multiple accounts of one customer based on pre-defined criteria.

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SOFTIL addresses all operational aspects of a business lending solution which it covers in a structured seamlessly integrated manner. Loan accounting and Corporate Financial accounting are integrated in one single system where in SOFTIL handles at a branch and HO level. SOFTIL has been appraised by IDBRT of the Reserve Bank of India for its design & software capabilities of large projects.

Our Recovery management framework tracks Identification and listing of first-time and subsequent defaulters with Ageing analysis of bad loans and calculation of  provisioning required. It further facilitates effective NPA Management & discussions with Auditors and regulatory bodies like RBI etc. SOFTIL offers a structured model for business loan appraisal with all required qualitative and quantitative parameters including financial viability ratios.

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Contact us to learn more about how your organisation can improve overall operational efficiency with control over the entire spectrum of the Institutional Lending industry through Ken-SOFTIL.
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