Contract Financing management system is a web-based corporate system designed to maintain customers’ information related to contract financing facilities like letter of credit, letter of guarantee, and loans, in an effectiveway to consolidate the facilities’ contracts, it also provided comprehensive master exposure report for all contracts.
CF system integrates with cored banking system to load transactions related to all facilities, so the business user would assign the facilities transactions and reflect them into the system. It provides workflow engine, which allows the authorized users to assign and add daily transactions: disbursement, repayment or advanced payment fund, to the related facilities.
The system provides the ability to add and manage the customers, connect them with a contract, add limits for each contract, and allows creating an Invoice record for the contracts. The system generates comprehensive set of reports for the Facilities, Loans, Foreign Exchange Rates, and create a Master Exposure Sheet for customers that shows Contracts, Corporate Social Responsibility information, different Exposures values and total outstanding.
Features
Daily Transactions
This module provides the ability to assign or ignore the transactions that have been loaded from the core banking system, or add new transactions to contracts and their facilities.
Limit Allocation
This module provides the ability to define limits for the different facility types for each contact assigned for specific customer.
Invoices and Payments
This module provides the ability to create invoices records within a specific period, and add a collection records for a previously added invoice with its amount and payment date.
Customers
This module provides the ability to add, manage and organize customers with their information within the system.
Contracts
This module provides the ability to add, manage and organize contracts information for a specific customer within the system.
System Administration
The system provides the admin user to manage and add the following System Parameters:
I. Contract Owners.
II. Contract Scopes.
III. Relationship Managers.
Reports: shows the Terminals information
- Loans Report: This report provides information about different types of Loans such as Mobilization Loan, Medium Term Loan, General Purpose Loan, etc., with their disbursements and repayments information for a specific customer contract.
- Letters of Credits Report: This report provides Letters of Credits disbursements and repayments information for a specific customer contract.
- Letters for Guarantee Report: This report provides Letters of Guarantee disbursements and repayments information for a specific customer contract.
- FX Rates: This report provides information about Foreign Exchange Rates.
- Advanced Payment Funds: This report provides information about Contract Advanced Payment Funds for a specific customer contract.
- Distributed Payments: This report provides information about Contract Payments with its distributed and release dates for a specific customer contract.
- Master Exposure Sheet: This is a global report Sheet that shows customers’ information, contracts, Corporate Social Responsibility information, different Exposures values and Total Outstanding.