CPMS supports any facility or product type that the financial institution wishes to define!
CPMS is library driven. As with collateral, each facility or product type is defined in the library as well as any attributes or data elements attached to it. These can be Corporate, SME or Retail products and can be used in any combination. CPMS then ensures that all of the required information is collected prior to submitting the application for approval and eventual booking. These records are defined by the financial institution exactly the way it wants them to be defined and can be matched to back office systems for transaction processing.
By seamlessly integrating these various stages in the product lifecycle, we can help you reduce information processing and help you ensure that your processes remain as tightly under control as possible. We can even help you manage the stakeholder relationships that most affect the success of your products or products from customers to vendors to financial backers and regulators.
CPMS utilizes a single-entry data entry principle
CPMS was designed to mimic the paper-based credit file that financial institutions everywhere are familiar with. A major difference in CPMS is that that information is in an electronic format and is thus is easily stored and reused, approved, monitored and reported on for multiple purposes without reentry being required.
CPMS is further designed to allow for multiple parties to enter separate information into the system to further mimic the way your financial institution divides the workload today as, for example, when multiple staff are calling on different parts of a customer on the same day. Initially, each required field in CPMS has data entered into it either manually or electronically from a data feed. Once approved, however, allowing a working copy of the officially approved credit file to be cloned significantly shortens this process. This is done because frequently only 5 to 10% of the information in the file changes from one approval to another, so only that amount needs to be adjusted before moving the file on for the second approval—dramatically increasing productivity. Further, certain information is updated between approvals, often daily as in the case of outstandings, share and bond prices and the like, so that users can always have an accurate picture of the client's situation at any point in time. This is crucial for on-going monitoring, reporting and auditing as well as margin control of collateral.
CPMS creates an electronic credit file
Once the data has been entered into CPMS (or loaded in from existing electronic formats) it is ready to be analyzed, reported on, monitored, or utilized in whichever way the financial institution requires, including simultaneously by several users.
CPMS uses the financial institution's credit rules to ensure that all required loan information is captured in the proper format before allowing credit officers to submit credit proposals to upper levels of management for approval consideration.
CPMS is the only end-to end system available that easily handles all lending market segments!
CPMS for Corporate Borrowers:
CPMS is designed to manage the large amounts of specialized information, financial models, complex product and collateral combinations, etc. that are needed for Corporate Loan Applications.
CPMS was specifically engineered to handle the most complex customers and groups using any currencies in any combination. This includes, among other things, joint borrowers, master/sublimit relationships, collateral pools, cross-currency exposures, complex groupings separated by bank customers and non-bank customers and full collateral allocation and margin control.
CPMS for SME Borrowers:
SME customers are by nature not as complex as their Corporate counterparts, therefore CPMS has a scaled down Customer Information file, products and financial models appropriate to Small or Medium Enterprise Loans.
SME loans may be originated by using the internet to gather the relevant credit information, increasing distribution and passing some of the processing effort and cost on to the borrowers themselves. Loan generators such as car dealers can be tapped and put on the CPMS system for the same purpose. Standard sets of documentation and collateral can be generated and managed for these types of homogeneous loans.
CPMS for Retail Borrowers:
CPMS also has a scaled down Customer Information File, financial models and products that are more appropriate to the Individual borrowers that make up the Retail Lending part of your customer base.
As with SME customers, retail loans can be originated by using the internet to gather the relevant credit information, increasing distribution and passing some of the processing effort and cost on to the borrowers themselves. Loan generators such as car dealers can be tapped and put on the CPMS system for the same purpose. Standard sets of documentation and collateral can be generated and managed for these types of homogeneous loans.