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Also serving Vizag
Lenders in Visakhapatnam finance trucks for the port trade, working capital for traders and small loans across north coastal Andhra, often on spreadsheets that cannot see an overdue account in time.
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Visakhapatnam is the financial centre for the districts around it. Besides banks, the city has finance companies lending against vehicles and equipment, microfinance and small-business lenders serving Vizianagaram, Srikakulam and Anakapalli from a Vizag head office, and a newer set of fintech firms building digital lending products at Rushikonda. What they share is a loan book that grows faster than the tools used to track it.
Our loan and lending software is built on ERPNext. It covers loan products with configurable interest types, repayment schedules, charges and moratoriums, the application and sanction workflow, disbursement, collections, automatic interest accrual and penal charges, collateral records, NPA ageing and provisioning. The loan book and the general ledger are one system, so there is no evening reconciliation between them.
On a spreadsheet, an account that has missed two instalments looks the same as any other row. Day-wise ageing, overdue lists for each collection officer and automatic reminders put the slipping account in front of someone while recovery is still easy.
Agents collecting in fishing villages, market yards and transport nagars write receipts by hand and deposit cash later. A mobile collection app records the payment against the borrower on the spot, with location, and the branch sees the day's collection as it happens.
When each new scheme requires changes to legacy software, lenders stop innovating. Here interest method, tenure, frequency, charges and collateral rules are configuration, so a festival scheme or a new vehicle loan variant can be set up by your own team.
Vehicle and equipment finance for port transport
Loans against trucks, trailers and handling equipment with asset details as collateral, insurance and permit expiry tracked alongside the loan, instalment schedules matched to the borrower's cash cycle, and repossession status recorded.
Microfinance and small-business lending
Group and individual loans, centre-wise collection sheets, agent apps for field collection, branch-wise portfolios across neighbouring districts and portfolio-at-risk reports for management and funders.
Fintech lenders
An open, API-friendly loan management core that a digital lending front end can call for sanction, schedule and repayment posting, with integrations to payment gateways and credit bureaus built through the Frappe framework.
Lending implementations for Visakhapatnam institutions are led remotely from Kochi by consultants who understand both the loan cycle and the accounts behind it. Product rules and workflows are agreed in workshops over video. Migration of the existing loan book, with outstanding schedules and borrower masters, is rehearsed and reconciled before cutover. We visit for branch and collection-staff training, since adoption in the field decides the outcome.
Case studies
Connect N Cabs Tours & Travels Pvt. Ltd.
Connect N Cabs — A Custom Travel ERP That Lifted Fleet Utilisation 35%
Adventure Sports Cover 360 (ASC360)
ASC360 — ERPNext + Mobile App Cut Policy Issuance Time 70%
Indus Motor Company Private Limited
Indus Motor — ERPNext Cut Stock-Outs 40% Across Showrooms
Yes. Interest, penal charges and accruals post to the ledger automatically, and NPA ageing and provisioning are generated from live loan data. Your compliance team should review the configured rules against the norms that apply to your category of lender.
The system is web based and light, and works on ordinary mobile data. The collection app can be built to hold entries when the signal drops and sync later. Branches from Vizag to the smaller towns work in one database with branch-wise access.
Yes. Borrower masters, loan accounts, outstanding schedules and opening balances are migrated as a defined, validated step. Totals are reconciled with your books before go-live, and a sample of individual accounts is checked line by line with your team.
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Kochi (Kadavanthra & Infopark) · Thiruvananthapuram · across India & overseas · In business since 2011