CarBucksCorp.com

Phil has several lending stores and locations in Georgia, USA and neighboring states.  He offers special discounts and  on-time discounts on most of his loans which include consumer loans, auto title loans and installment loans. Phil needs to track all the discount rates for his clients on-time. He also needs to calculate discount interests for each loan. Since he has several locations, he also needs this same setup for several states and for different types of loans such as consumer, auto, and installment loans.

Solution:

ProLoan Software provided Phil with a customized loan software solution to solve his on-time discount management for different states and different loans, with the necessary legal requirements for each state.

Gibraltar Company

Needs a European software with British dates and European currency. This company has not been able to find a software that offers both a European method of add-on loans, plus the ability to do American-style refund Rule of 78 calculations.

Solution:

ProLoan Software customized a loan software solution that allowed a European method of add-on loans, as well as a customized platform with European dates and currency. The software included a customized method for computing unearned interest used on installment loans with add-on interest.  The lending software includes a method of computing refunds of unearned finance charges on early payment of a loan so that the refund is proportional to the monthly unpaid balance. We successfully implemented the Rule of 78 (aka sum-of-the-digits method) to calculate yearly interest.

Utah Company

This Utah client has 8 lending stores in Utah and they provide numerous loan types such as leasing, flooring, lending packages, installment loans, consumer loans, and more. They need an easy-to-use and friendly interface for managing their loans.

Solution:

ProLoan Software customized a streamlined software package that manages their daily lending operations for all loan types while still remaining simple to use and professionally crafted.

Caribbean Company

Client spent 2 years searching for a program that can be customized for their unique calculation requirements. They have a specific way in which they calculate when loans are due and what stage customers are currently in the loan package. There were many custom rules and parameters that needed to be met.

Solution:

ProLoan Software exceeded the client’s expectations. The software was customized as required by the client.

They also now save more than 20 hours a week, since ProLoan Software provides automated collections and late payment updates, ready-to-print letters, and reports.