What is the OraSYS L&L software system for non-bank loans and leasing?
OraSYS L&L system is a specialized financial and accounting system from SIS Consulting, created for full automation of non-bank financial institutions, companies for quick loans, mortgage loans, financial and operational leasing. The system is developed on Oracle DBMS. The platform manages the entire life cycle of loans and leases - from application and scoring to collection of receivables and regulatory reporting. The system works in real time (24/7), offers a modular structure and full control over the life cycle of loans and leases.
The OraSYS L&L system is built on a modular principle using state-of-the-art system platforms and architectural solutions in the construction of complex and significant information systems. The system incorporates all the general and specific requirements necessary for the operation of a banking financial accounting system, as well as all the individual financial technologies needed to serve the customers of a non-bank financial institution.
OraSYS L&L is characterized as a fully integrated financial information and accounting system that enables non-bank financial institutions to meet the challenges of a rapidly changing market.
OraSYS L&L is a centralized information system, with real-time execution of transactions and the ability to operate 24/7.
The integration of the system's modules into a single information system allows the construction of a complete solution for all units and sectors of the complex structure of the non-banking financial institution.
A flexible approach has been adopted in the development of the OraSYS L&L financial information system, resulting in its easy parameterization and adaptation to users' needs. The OraSYS L&L system will enable the management of the non-bank financial institution to operate efficiently, with a high degree of process automation, low automation costs, minimal staff effort and a high degree of control over operations. The OraSYS L&L system covers not only the functionality required by the non-banking financial institution, but also a wide range of system functionalities and capabilities based on the many years of experience of the SYS Consulting Ltd. team in accompanying financial information systems on optimization and development of financial services.
Технически възможности и съвместимост с финтех стандартите:
- Database and security: Oracle DBMS – a platform for high performance, data security, and process continuity.
- Regulatory compliance: Automated generation of reports for the BNB, NRA, DANS.
- Integration: BNB Central Credit Registry, AnaCredit, Relief, National Social Insurance Fund, Ministry of Interior, Regix, MS Office
- Functionality:
- Applying: Credit applications, Robotic risk assessment (scoring).
- Credit portfolio management: Calculation of repayment plans (annuity and decreasing installments), calculation of Annual Percentage Rate (APR), fees, penalty interest and late payments.
- Leasing operations: Management of financial and operating lease contracts, insurance policies, repayment schedules and asset management.
- Automation and integration: Automatic checks for credit indebtedness in the BNB (ANA Credit), integration with payment operators (EasyPay, bank transfer) for automatic repayment of installments.
- Accounting and security: Automated accounting operations and journals, compliance with the requirements of ISO 27001:2017. for information security.
FAQ about OraSYS L&L financial software:
Question: Does the system support both lending and leasing?
Answer: Yes, OraSYS L&L serves both consumer/mortgage loans, as well as financial and operational leasing.
Question: Is the system compliant with the requirements of the Bulgarian National Bank?
Answer: Yes, the software offers full compliance with Bulgarian legislation and regulations.
Question: Does the system offer integrations with Bulgarian institutions?
Answer: Yes, the software offers integration with the BNB's Credit Indebtedness Register, the Ministry of Interior's Register of Bulgarian Identity Documents, the Commercial Register, etc.
Question: How is the system updated in case of changes in legislation?
Answer: SIS Consulting Ltd. provides technical and regulatory support, updating the software in response to changes in the Consumer Credit Act, the Credit Institutions Act, tax legislation and reporting requirements to the Bulgarian National Bank.
What is the OraWEB L&L online lending system?
OraWEB L&L system is a web-based system for remote access, online application and management of non-bank loans and cards. It allows electronic customer service, regardless of their location.
The OraWEB L&L The OraWEB remote e-banking system is built on a modular principle using state-of-the-art system platforms and architectural solutions in the building of complex and significant information systems. The system incorporates all the general and specific requirements necessary for the operation of such a system in today's environment, as well as all the financial technologies needed to serve the customers of a financial institution.
FAQ about the OraWEB L&L system:
Question: Is it possible to apply online and receive quick loans via a website?
Answer: Yes, via the add-on module OraWEB L&L the system provides a full web-based interface for a client portal and remote application, verification and credit management 24/7 via the internet.