Seyfor solution saves time and money and customers far beyond Europe. These include the South African financial company Propell, which thanks to Loans Express App significantly and streamlined the financial agenda.
Solution for South Africa
South African company Propell located in Cape Town provides its clients financial Credit and project financing services. For seamless management of these operations, the company implemented loans express app in 2020.
The propella representative has mainly obtained its versatility, simplicity and intuitivity. As a result, it can be easily mounted anywhere in the world, the implementation itself makes it easier to make link with Microsoft Dynamics 365. Last but not least, the application is able to quickly adapt to local legislation.
Objectives and requirements
As main target, Propell representatives set the digitization of specific tasks associated with repayments, interest and capital administration. Loans Express was a convenient choice that replaced the built-in Functions of the Great Plains accounting software, which was previously managed by Propell loans. As Quindan Barnard, Business Analyst of Propell says: "Loans Express allowed us everything efficiently and flexibly. Automated processes accelerate us processing of documents and allow all data to report, predict, and also connect with existing systems."
Progress of implementation
The first contact between Propell and Seyfor mediated a partner firm Datasmith. She arranged initiation meetings and participated in the initial negotiations. Their key benefit was without a dispute detailed Propell processes and knowledge of local specifics of South Africa, which greatly facilitated and streamlined subsequent communication with the Seyfor implementation team Applications that were subsequently incorporated, and even more increased the value of the resulting solution. Then the only thing left to do was to start the actual implementation.
Speeding up and refining the agenda
"Without Loans Express, we would have to process hundreds of loans and repayments manually every month. So the main advantage of the app is that it speeds up the whole process and at the same time increases accuracy," says Business Analyst Quindan Barnard. Without an application, employees would have to enter the processes manually, thanks to the automation so Propell saved a large amount of time and money.
In addition, Loans Express offers other benefits in the form of reporting and prediction. Thanks to them, the company can make strategic decisions based on real and current data. In the words of Quindan Barnard: "Automated processes accelerate us processing of documents and allow all data report, predict and connect with existing systems".
Pleasant cooperation outside of business
Quindan Barnard cannot praise the collaboration with Seyfor. He says that the Seyfor team is very helpful. "When we informed the team about some problems around the software, they solved them with turnover and communication with managers (especially Adam Hermann and Eva Pitrunová) was always very pleasant."
What solution does Propell use?
Our customers use Loans Express. This solution connects operations for credit institutions, credit broker and financial lessor. If you are interested in detailed information, check out our website or get with us arrange a meeting .