Updated: November 05, 2008


Loan Documentation Tracking System LDTS

LDTS is designed to accept major (or minor) customizations suitable for any specific bank’s business processes.

Product roadmap promise continuous enhancement and integration with the latest technology like Barcode and Radio Frequency Identification (RFID).

There is no system installation needed at user end. Standard internet browser such as Microsoft Internet Explorer or Mozilla Firefox which is widely used by almost everybody nowadays is sufficient. The solution allows easier implementation both for the Bank and Legal Firms.

Documentation Module

This module handles Loan Documentation process for new loans, which includes:

  • Instruction to Legal Firms
  • Execution of documents
  • Submissions of advice of release and loan disbursements

Perfection of Charge and Discharge Module

This module handles Perfection of Charge and Discharge of Securities processes which includes:

  • Instruction to Legal Firms
  • Execution of documents
  • Activity Update

Litigation Module

This module handles Loan Recovery process for defaulted loans which includes:

  • Various instructions to Legal Firms
  • Repayment schedules
  • Issuance of various statements (EPF, Redemptions, Courts)
  • Valuations
  • Auctions
  • Payments of various bills
  • Activity update

 

 

Security Document Management Module

This module facilitates users in managing movement of Security Envelopes and Security Documents. The module currently utilizes Barcode technology.


Advantages

Information Sharing
LDTS allows Legal Firm to directly capture relevant updates into the system for Bank’s reference, thus reducing information in transit. Banks and Legal Firms can track and monitor large volume of cases automatically and securely, through its centralized paperless solution with added security features on its shared document.

Enhanced Collaboration & Communication
Apart from being an effective communication medium that collaborate information between Banks and Legal Firms, LDTS will eventually help both parties to effectively manage the process controls and standardizations.

Increased Productivity
This centralized LDTS solution eliminates the needs for two different systems between the Banks and Legal Firms. This will enhance information standardization, which eliminates the duplication tasks in information and Activities updating by both parties.

For added flexibility, LDTS provide the feature to fully/semi automate selected processes for repetitive workloads and high volume tasks, at the user discretion.

The LDTS solution is designed based on widely practice loan document tracking method as being used by the Banks and Legal Firms, in compliance to the Bank Negara regulations and guidelines. This imply that a faster learning curve for both parties as compared to international product, which required users to work within their stipulated system flow and with limited or costly customization flexibility.

Security Assurance
LDTS addresses security by allowing administrators to create groups of users with specified security access levels. You can further drill down to security access level by a specific USER. The security access levels can further be applied to the screens and reporting functionality.

Affordability & Scalability
LDTS offers great flexibility for customization features to suite the Banks and Legal Firms process and requirement.
                               
There is no system installation needed at user’s workstation, only Internet browser such as Microsoft Internet Explorer or Mozilla Firefox is sufficient. This solution allows easier implementation both for the Bank and Legal Firms.

Return of Investment (ROI)
With LDTS, it does not only provide productivity benefits to the Banks and Legal Firms, but the Banks which own this LDTS can impose a reasonable usage fee from the Legal Firms. This monetary return can be considered as a factor in Bank’s Return of Investment (ROI).

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