In IndiSoft, a US-based technology development firm that provides Software as a Service (SaaS) solutions based on a collaborative rules-based workflow platform for the financial services industry, has launched RxOffice NPA in India. Targeted at the financial sector, the solution is based on the recent guidelines set by RBI and as per global market trends for non-performing assets (NPAs).
The salient features of RxOffice NPA include:
- Rule and Role based system ensuring the information security
- Unique Comfort indicator which guides the user about recovery rating for the loan
- Workflow-based system with all the standard workflows from Collection to Sales including 138
- Provision of batch handling for Collection
- Vernacular language printing of Notices
- Provision for keeping track of payments receipts
- Capability to integrate with any CBS (core banking system)
- Tracking and Dashboard ensures that the users are always updated on the current scenarios and next To Do activities
- Secured mail inside the application ensures data security
- A host of reports, including statement 3.
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