You can use the Offer ® Create function to enter all the data required for a potential contract in the system, without creating a contract.

For loans given, you can check and save several different sets of terms and conditions under one loan number (in other words, draft versions of a contract). An offer can comprise various alternatives for a potential borrower, who can then choose the version which meets his requirements.

You can use the Contract ® Create function to enter all the contract data relating to a loan given or a loan taken. In addition to the basic data and conditions, you can also enter master data for the partner and collateral and maintain details for generating correspondence.

By defining status transfers you can send loan offers to the business partner in offer status, and then use the Contract acceptance function to convert the offer the customer has accepted into a contract. This function lets you adjust the loan processing steps to reflect your own company procedures.

You can complete the data for an existing policy loan, enter additional data or display the loan at a later stage. Status management also extends to activities such as loan waivers, reactivation and disbursement.