Softgenic Systems

Loan Workbench goes live at World Telecom (Azerbaijan)

2020-07-31T10:06:00+02:00

In July 2020 Softgenic Systems successfully completed Loan Workbench implementation project to automate the retail lending processes at World Telecom (Azerbaijan).

World Telecom was founded in 1998. The World Telecom store network is widely represented in all Baku districts, as well as in the regions. The company sells phones, accessories, computers, laptops, cameras, etc.

Loan Workbench has been launched at JSC «Oschadbank»

2019-06-27T10:06:00+02:00

Softgenic Systems experts put loan management system Loan Workbench into productive operation in Oschadbank - one of the largest banks in Ukraine. The software is used by all bank departments involved in the processing of loan applications and the decision-making process for business lending.

Oschadbank JSC is one of the largest financial institutions in Ukraine. It provides a full range of modern financial products and services that meet international quality standards.

Loan Workbench has been launched at NBCO "Merkuri"

2018-05-29T17:06:00+02:00

In May 2018 Softgenic Systems completed its project for the implementation of loan management system Loan Workbench at non-banking credit organization «Merkuri» (Azerbaijan). In the framework of this project, the company's specialists fully automated the processes of the front and back office of both retail and lombard lending.

Non-bank credit organization "Merkuri" has been operating in the Azerbaijan market since 2012. The main activities of the NBCO are retail and lombard lending.

Softgenic Systems is a Strategic Partner of the 3rd Annual Microfinance Forum

2017-03-03T10:00:00+01:00

We are pleased to welcome you at the 3rd Annual Microfinance Forum. The event will be held in Cairo, Egypt on 7-8 March, 2017.

Our leading experts will hold workshop “Increasing efficiency and minimising costs of financing the SME sector” on the first day of the Forum. This workshop will provide banks and MFIs with the necessary strategies based on the newest information technologies.

Join us at the Workshop and visit our exhibition booth.

Softgenic Systems is Partner to the 5th Ukrainian Banking Forum

2016-10-17T10:06:00+02:00

Softgenic Systems will participate in the 5th International Ukrainian Banking Forum, the most high-profile finance event in Ukraine and Eastern Europe that will take place in Kyiv (Ukraine) on October 20 - 21, 2016.

You are welcome to visit our display stand.

Meet our Team at the 19th MFC Annual Conference in Tirana

2016-06-07T12:06:00+02:00

Softgenic Systems is a Partner of the 19th MFC Annual Conference "Microfinance in the Cloud", which will be held in Tirana, Albania on 23-24 June, 2016.

We invite you to visit us on our exhibition booth to get the latest information about our products and solutions.

Softgenic Systems Is Partner to 12th Annual Global Microfinance Forum

2016-03-05T10:06:00+01:00

Softgenic Systems will participate in the 12th Annual Global Microfinance Forum to take place on March 17-18 in Berlin. Softgenic Systems will partner the event and present its SME automation solutions for banks and financial institutions at the forum.

Loan Workbench is launched at Khushhali Bank (Pakistan)

2016-01-18T10:06:00+01:00

In January 2016 Softgenic Systems completed implementation of loan management system Loan Workbench at Khushhali Bank (Pakistan).

Khushhali Bank Limited is the first licensed microfinance bank in Pakistan, founded in 2000.

Softgenic Systems Became Partner of SME Finance Forum

2014-02-07T10:06:00+01:00

Softgenic Systems participated in the SME Finance Forum that took place on 6 February in Cosmopolite hotel in Kiev. The company acted as the forum’s partner and presented its solutions for the automation of the SME banking business at the event.

The SME Finance Forum organized by SME Banking Club is the logical development of the annual cycle of SME Banking Events dedicated to the customer service in the SME segment.

Embafinans Switches to New Loan Automation System

2013-12-10T10:06:00+01:00

Softgenic Systems successfully completed its project for the implementation of the Loan Workbench system to automate the retail lending processes at Embafinans non-banking credit organization (Azerbaijan) in December 2013.

Embafinans has been providing the lending services in Azerbaijan since 2012. The company’s branch network features more than 100 branch offices and employs more than 200 people.

Implementation of Loan Workbench at «Findev» is complete

2013-05-15T10:06:00+02:00

In May 2013 Softgenic Systems completed implementation of loan management system Loan Workbench at non-banking credit organization «Finance for Development» (Azerbaijan).

Finance for Development” LLC is a financial institution founded by Oxfam GB. The Institution is one of the co-founders and active members of Azerbaijan MicroFinance Association. Findev implements its lending activities based on the lisence from the National Bank of Azerbaijan Republic and according to the founder's (Oxfam) policy framework. The scope of the organization's activities now covers 11 regions of the country and is growing in terms of area, borrowers and loan portfolio.

Loan Workbench is launched at VTB Bank (Azerbaijan)

2013-01-25T10:06:00+01:00

In January 2013 Softgenic Systems completed implementation of loan management system Loan Workbench at OJSC VTB Bank (Azerbaijan).

Open Joint - Stock Company Bank VTB (Azerbaijan) is an universal bank providing a range of modern products and services at international level.
OJSC Bank VTB (Azerbaijan) is a subsidiary bank of OJSC VTB Bank. OJSC VTB Bank awarded with the highest for Russian banks rating by International rating agencies such as Moody’s Investors Service, Standard & Poor’s and Fitch.

Trust Bank Switches to Loan Workbench 2.0

2011-06-20T10:06:00+02:00

Trust Bank PJSC has been using Loan Workbench's loan management system for automatization of retail and business lending for several years already. In June 2011, Softgenic Systems specialists, together with the IT department of the bank, carried out the transfer to a new version of the system – Loan Workbench 2.0. The bank workflow was also optimized with regard to the features provided by the new version. Update of the system enhances the quality of customer service and efficiency of bank employees' activities.

Trust Bank PJSC was founded in 2007 by the National Trust Bank (Russian Federation) shareholders under the name of RETAIL UNLIMITED SERVICE OJSC (Banking License No. 237, issued by the National Bank of Ukraine on June 30, 2010). Today, Trust Bank PJSC is represented in 13 regional directorates in the Ukraine and provides a broad range of banking services for individuals and legal entities.

German Azerbaijan Fund Uses Loan Workbench 1.4.2

2011-05-31T10:06:00+02:00

At the end of May 2011, Softgenic Systems updated Loan Workbench to Version 1.4.2 in partner banks of the German Azerbaijan Fund.

Aims of the German Azerbaijan Fund include facilitating the economic growth of small and medium businesses in Azerbaijan and supporting partner banks in expanding their business activities, especially as this concerns small and medium enterprises. Providing long-term lines of credit to local commercial banks, the German Azerbaijan Fund provides access to lending services for medium and small businesses.

The German Azerbaijan Fund has been collaborating with Softgenic Systems since 2006. Loan Workbench's loan management system has been chosen for credit stocktaking and monitoring, and credit portfolio management in partner banks.

Andreas Franke, GAF Project Manager in Azerbaijan, commented on the use of Loan Workbench: "Softgenic's professionalism and smart solutions allowed us to minimize maintenance costs and improved the reputation of our company in the eyes of our partners substantially."

Additional information about GAF is available on the website: www.sparkassenstiftung.de

Loan Workbench 1.4.2 and Loan Workbench Lite 1.4.2 released

2011-05-24T10:06:00+02:00

These versions contain a number of improvements:

new accrued loans interest report;
new deposit accounts reports;
improvements in deposit and loan products;
fixes for known problems.

Comprehensive loan origination and portfolio management system.

Implementation of Loan Workbench 2.0 at the BBSB Is Complete

2011-03-10T10:06:00+01:00

At the end of February 2011, Softgenic Systems completed a project integrating the Loan Workbench loan management system at the Belarusian Bank for Small Business, CJSC.

The Belarusian Bank for Small Business is the first bank in Belarus specializing in provision of services for individual entrepreneurs and small and medium businesses.

Loan Workbench 2.0 was chosen as the platform for automatization of all of the bank's credit provision tasks. The list of reasons for choosing Loan Workbench 2.0 included, first of all, the availability of comprehensive functions integrated into the system, the possibility for easy integration with the software already used in the bank, as well as its reasonable price and the low total cost of ownership.

During integration, Softgenic Systems specialists adjusted and customized the software according to the requirements and specific character of activities in Belarus, migrated the existing credit data, adjusted bilateral integration with the bank's operational day (ST.BANK.IT), installed the system in all regional offices of the bank, and held an all-inclusive training for bank employees.

This project has become one of the most comprehensive automatization projects recently performed by Softgenic Systems. The project covers both automatization of the decision-making processes, and that of the major part of the bank's mid- and back-office workflow.

The availability of flexible algorithms in the borrower evaluation, including the adjusted financial analysis module in Loan Workbench 2.0, provides the bank the possibility to minimize risks when making decisions about credit provision. Built-in features to analyze credit portfolios in Loan Workbench 2.0 allow managers to receive promptly all information about the status of the credit portfolio. Bank employees can take full advantage of working in the unified customer service system, according to the approved internal standards of BBSB.

Use of the Loan Workbench 2.0 loan management system allows BBSB to quickly and profoundly satisfy customer demands, simplifies a number of technological and business procedures, and decreases operational risks, simultaneously boosting and simplifying the process of operational and analytical reports preparation, and thus positively influencing the effectiveness of bank activities on the whole.

The Closed Joint Stock Company, "Belarusian Bank for Small Business," was registered on August 28, 2008. The bank's main task is to support business development in Belarus by providing banking services for individual entrepreneurs and small and medium enterprises. The bank's offices operate in Minsk, Borisov, Brest, Grodno, Lid, Vitebsk and Mogilev.

New Loan Workbench 2.0 Released

2011-02-14T10:06:00+01:00

Softgenic Systems announces the release of a new loan management system version, Loan Workbench 2.0, a multifunctional software solution covering the full range of lending-related tasks. The main advantages of the system include customizability for all kinds of business processes, the possibility of integration with any third-party systems, scalability, and a high level of security.

Loan Workbench 2.0 is based on the Softgenic Application Development Platform 2.0. This version has been under development and improvement for about two years, and was developed for use both by commercial banks and microfinance organizations.

Loan Workbench 2.0 contains more than 200 modifications, improvements, and amendments, including the following:

Improved flexible business processes mechanism (workflow)
Document repository (integrated with workflow)
Improved user interface
Improved financial module
Lines of credit (renewable and closed-end)
Indexed loans
Type of insurance (life or collateral protection)

The new version of the system has been developed on the basis of more than ten years of experience in automation of lending in Europe, Asia and Africa. We work in the markets of many countries, and in parallel with development of the standard functionality, also implement modules oriented to local markets. For example, Loan Workbench 2.0 features the following:

Ukraine:

Calculation of the effective interest rate pursuant to National Bank of Ukraine requirements
Integration with credit history bureaus (Infoservice and others)
Integration with core banking systems B2 and SR

Belarus:

Calculation of the effective interest rate pursuant to National Bank of Belarus requirements
Integration with ODB System Technologies (ST.Bank.IT)

Azerbaijan:

Localized interface
Integration with the Credit Register of the National Bank of Azerbaijan

The system is available in two configurations:

Loan Workbench 2.0 Lite – a basic version, containing about 30% of the full system's functionality.
Loan Workbench 2.0 – the full version of the system, which is a multifunctional software solution covering the full range of lending-related tasks.

A comprehensive loan management system for automating retail lending, credit provision for small and medium enterprises (for banks), collection agencies and microfinance organizations.

Loan Workbench Lite Gains Pace

2010-12-28T10:06:00+01:00

Loan Workbench Lite's loan management system has been set up in seven microfinance organizations in the Ukraine, Kazakhstan, Tajikistan, Nigeria and Ghana.

Free Loan Management System

Loan Workbench Lite 1.4 released

2010-11-01T10:06:00+01:00

In version 1.4 of Loan Workbench Lite the following functions were added:

Printing of repayment schedules and lending agreements (credit contracts) based on Microsoft Word samples;
Consideration of fees for lending and penalties for overdue payments;
Group credits;
A "Credit Manager" role has been added to the standard lending procedure. Credit approval rights are assigned to this role;
User documentation and manuals have been updated;
Training video materials have been added (in English).

We'd like to note that this update is free for all users of Loan Workbench Lite 1.0. Please contact one of our offices for the update.

Free Loan Management System

Loan Workbench 1.4 released

2010-08-12T12:17:00+02:00

Loan Workbench version 1.4 contains more than 80 new features, improvements including:

Comprehensive group loans support
Cash desk module
Improved customer data
Multiple improvements in reporting and output forms functionality
Improved security module (user locking, user interface improvements, management of user's preferences)
Fully customizable determination of the delinquent loans

Loan Workbench 1.3 released

2010-04-06T16:57:00+02:00

Significant new features in Loan Workbench version 1.3:

Workflow improvements including support of sub-processes and global operations
Payment schedule editor supports now modification of interest amount
Improved integration with our collection module Colibri
Improvements in collateral management, loan history and more

English version of the web-site has been launched

2010-04-05T18:02:00+02:00

English version of Softgenic Systems' web-site has been launched - www.softgenic.com

Loan Workbench Lite - Free Loan Management System

2010-04-04T00:17:00+02:00

Softgenic Systems announces the release of free software for automation of lending process, known as Loan Workbench Lite.

Loan Workbench Lite allows financial institutions to use a single centralized loan management system without any initial costs. The primary target audience of the system includes banks, microfinance companies, credit organizations and unions.

The free version contains the most requested features, which cover almost all major stages of the lending process, including preparation and approval of payment schedules, financial analysis of the borrower, management of loan contracts, collateral and financial guarantee management, payment monitoring and analysis of the existing loan portfolio, etc. Loan Workbench Lite has built-in basic capabilities of integration with other information systems already in use.

Loan Workbench Lite contains about 30% of the functionality offered in the full version of Loan Workbench. At the client’s request, basic features of the free system may be enhanced by choosing any set of additional functions from over 100 available options.

Softgenic Systems offers its customers multi-level technical support. Along with the free version of the Loan Workbench Lite system maintenance, users can also select one of the paid support levels. For the most demanding clients we provide prompt response to any request within a few hours.

Learn more about full version »

The first version of the web-site has been launched

2010-02-03T05:37:00+01:00

We hope our website will help the online audience to learn more about solutions developed by Softgenic Systems.

Loan Workbench 1.2 has been implemented in the GAF partner banks

2010-02-01T17:57:00+01:00

At the end of January 2010, Loan Workbench version 1.2 was successfully implemented in banks partnering with the German-Azerbaijan Fund. This version supports agricultural credits, financial monitoring of ongoing loan transactions, improved integration module with bank transaction days, a new technical platform compatible with the latest information innovations (Java Standard Edition 6, Microsoft Windows 7, etc.), as well as the whole range of improvements and enhancements (including user interface and printing forms fully translated to Azerbaijani language).