FIS' Commercial Loans System provides flexible, effective management and review of commercial lending relationships with a customer-related structure. Whether defining loan products, selecting payment options, processing loans, billing customers, repricing collateral or managing delinquency, the client is in control. Products include:
- Short-term loans
- Term loans
- Commitments
- Lines of credit
- Open-ended credit lines with check access
The software is an integrated component of the FIS retail banking suite of core applications. It is best-suited for financial services organizations that do not require the complex functionality of loan syndication or trading. For more complex portfolios, the Advanced Commercial Banking System (ACBS) is recommended.
Features
- Complete financial information for loans by customer and individual account
- Support for customer-level statements and repayment, collateral tracking, pricing, and detailed reporting of liability and guarantor relationships
- Support for European Monetary Union processing, allowing accounts to operate in multiple currencies by tracking total base currency liability, in addition to liability in individual currencies via its multicurrency functionality
- Effective management and review of loans seen as creative financing
- Clients customization of loans based on internal policies and regional influences, including loan types, interest rates and accruals, billing, insurance and fee processing, collateral processing and payment methods
- Tracking of commercial dealer floor-plan trust-receipt items with strict inventory scheduling and comprehensive reporting through its Dealer Floor Plan subsystem; user-defined dealer credit limits based on specific qualification criteria
The international version of Commercial Loans System interfaces with the global releases of these FIS products:
Discounted Notes System
Functioning as a subsystem of Commercial Loans System, FIS' Discounted Notes System is an online, real-time banking system that processes both accrual and nonaccrual item products for discounted notes. Information from Commercial Loans defaults to Discounted Notes System at new account setup, and Discounted Notes generates transactions to Commercial Loans in batch.
Discounted Notes System provides an efficient, simple and effective means of processing various types of items. Its numerous system features meet the business requirements of organizations with divergent needs. The system can provide detailed customer and drawee information, and it also features general ledger, history reporting, currency conversion, monetary processing, and processing of online parameter files, accruals, nonaccruals, interfaces, protests and renewals.