Comarch Credit Monitoring

The Comarch Credit Monitoring system is an IT solution aimed at financial institutions engaged in credit activities. It has been designed as an automatic tool for the business processes following the extension of credit. The servicing of the credit process after disbursement requires initiation of credit risk management. This is a consequence of the potential possibility of the borrower not fulfilling the credit obligation conditions.

These conditions not only concern the preciseness connected with the credit repayment, but also concern other aspects of the correct management of the bank’s funds in the credit sector, including those aspects that require separate identification and analysis (e.g. maintenance of complete and up-to-date documentation). Comarch Credit Monitoring has been designed to act as a basic application supporting the monitoring of accounts and collateral, as well as the financial situation of clients.

Functional diagram of Comarch Credit Monitoring

Functionality of the IT system

• Standard business processes occurring after the first credit tranche
• Prevention, prompting the customer and the restructuring of loans
• Loan closure or the termination of the agreement and transfer of the receivables to recovery

As a result of monitoring processes, we are able to identify the actions which must be taken. Such actions include signals which indicate the necessity to start/initiate informative-explanatory actions between the Bank and client or dunning, although occurring seldom due to the specificity of the credit process in the internal structure of the bank.

Business and operational benefits

• Reduction of operational costs thanks to the automation of monitoring processes for the disbursed credits
• Transparent cooperation with borrowers
• Increase of clients’ service quality
• Improved risk control through the assurance of effective tools for collateral and client monitoring - a guarantee of a regular review of all assets
• Monitoring of the credit portfolio quality
• Option for quick reaction to incomplete client credit documentation and delays in credit repayment

Download:

• IT solutions for Banking - leaflet