Archive | RiseMoney Video Help

31 October 2009 ~ Comments Off

Financial Accounting and Reports

Financial management through RiseMoney is user-friendly, quick and powerful in both its functionality and reporting. With multi level grouping of accounts and built in automatic ledger posting simplifies the whole process.
RiseMoney has a fully featured accounts console which helps maintain the Chart of accounts, Day Book, Annual/Overall Reports (Balance Sheet, Trial Balance), account reports [...]

Continue Reading

31 October 2009 ~ Comments Off

EMI collection managment and reports

Various comprehensive MIS and operational reports are required for debt management and recovery in the Finance business. Reports such as Total EMI Due report (summary/detailed), NPDC collection report, Daily/Weekly / Monthly Collection Reports, EMI collection from Matured Cases etc are necessary. Application facilitates monitoring the business performance graphically by Demand, Collection and Balance Analysis [...]

Continue Reading

31 October 2009 ~ Comments Off

Electronic Clearing System (ECS) Processing

Managing PDCs becomes a critical task in the finance business since PDCs often form the most largely used instrument of payment. In recent years, the move is towards Electronic Clearing Systems (ECS). ECS removes the burden of maintaining, storing and presenting a physical paper cheque. Until such time that this instrument (ECS) becomes the preferred [...]

Continue Reading

21 September 2009 ~ Comments Off

Vouchers

Bookkeeping is an essential part of any business operation. RiseMoney allows you to take control and plug leakages in your system by making Voucher entry as easy as possibly while keeping business rules in mind.
In our terminology, Voucher is a form of making a double sided balanced entry. The total amount of debits MUST equal [...]

Continue Reading

21 September 2009 ~ Comments Off

PDC Operations

Post Dated Cheques are a common instrument for loan EMI payments in any loan finance business. The borrower submits post dated cheques for the EMI amount when the loan is disbursed initially. These post dated cheques are classified and stored by the finance company in their document vault. As time progresses, operations team of the [...]

Continue Reading

18 September 2009 ~ Comments Off

Loan Case Activation/Disbursement

Loan documents certification is mostly required before the activation and final disbursement process of a sanctioned loan case in Finance Business.
Over a sanctioned loan case page, you provide the documents verification report with listing of submitted documents by customer under ‘Verification’ tab. After a final assessment and fixing loan terms i.e. emi due date, bounce [...]

Continue Reading

18 September 2009 ~ Comments Off

Loan Foreclosure

Prepayment is a common process in the loan finance business. Under this process, borrowers wish to find out how much they would have to pay if they foreclosed their loan by pre-paying at any given date. Lenders allow pre-payment (or foreclosure) on a case subject to pre-payment penalties and rebates as per their business rules.
This [...]

Continue Reading

08 September 2009 ~ Comments Off

Loan Installment Sheet

An account statement lists the record of transactions for a loan case, which includes dues and receipts, penalty charges among other basic agreement details. This account statement is also called “installment sheet” or “billing statement”.
From the loan case details page, click on ‘Installment Sheet’ tab to view the account statement. You can also [...]

Continue Reading

07 September 2009 ~ Comments Off

Loan Repayment Instruments

RiseMoney allows the follows instruments to collect loan repayments.

Cash (or Non-PDC): Customer brings in cash at regular intervals to repay the loan.
ECS (Electronic Clearing system): Customer allows the business to withdraw specific amounts (EMI) at specific intervals directly from their bank account.
Bank Cheques (Post Dated Cheques/PDCs): Customer gives post dated cheques to the business for [...]

Continue Reading

07 September 2009 ~ Comments Off

Loan Agreement Fields

The terms and conditions of the loan are clearly displayed in the Loan Agreement.
Once the case is active, the default first screen of the loan case, displays all the relevant case specifics.
Loan Case EMI, Rate of Interest, Loan Amount, Tenure etc are some of the specifics displayed here. Watch the screencast for more [...]

Continue Reading