BFC MasterAPS (Application Processing System) optimizes MSE loan origination. It increases transparency through configurable work flows; scanning and archival of client documents; and storing a complete client history.
Faster loan disbursal through the efficient workflow, online credit committees, Excel integration, MIS import/export, and automatic contract printing increase client satisfaction.
BFC MasterAPS integrates with BFC's expert or statistical credit scoring product. Credit scoring has the potential to reduce credit risk while also offering the possibility to automatically approve certain loans.
All installations include detailed disbursement and performance reports. A Business Intelligence Analytics suite provides ad hoc reporting and analysis. The institution may create custom reports using the included report tool or request our developers to create them.
Key benefits of BFC MasterAPS:
Increased transparency
Faster origination
Improved decision making
Enhanced reporting
Improved communication
BFC's Approach
BFC analyzed many institutions' paper-based systems and complex procedures involving the e-mailing of Excel sheets and recognized the need for an automated solution.
We created BFC MasterAPS for small to medium MFIs and banks to provide a single application for tracking clients through the origination process. The customizable workflow allows for the efficient routing of the application from the first contact through loan disbursement. BFC provides support from the first scoping, customization, implementation, integration, and continuing support to ensure that MasterAPS is the best solution.
Product Components
1. Business process analysis
Simply buying software without also looking at lending procedures will not result in significant improvements. Sometimes the existing procedures are best. If so, the BFC MasterAPS workflow will be adapted to the institution. Otherwise, BFC's experienced consultants will work with the institution to adjust their lending procedures and aid change management.
2. APS customization
BFC MasterAPS is a fully functioning program, but is customizable to meet the needs of the institution. BFC routinely creates new features at the client's request.
3. Reporting
A standard array of reports comes bundled with BFC MasterAPS as well as a Business Intelligence suite for ad hoc reporting and analysis. The institution or our developers may use the included reporting tool to create custom reports.
4. Data import into BFC MasterAPS
BFC works with the institution's IT staff to extract data about existing clients into the MasterAPS, ensuring historical data is not lost and becomes more easily accessible.
5. Comprehensive support
Documentation, source code, and continuing support ensure that BFC MasterAPS will continue serving the institution. BFC commits to continuing support, customization, and upgrades through the maintenance and support contract.
BFC MasterAPS features:
Integrated Excel-based credit application
Document archival
Online and offline database synchronization between branches
Customizable workflow and application routing
Business analytics and custom reporting
Centralized online database of all clients with ability to search for refusals
