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Also serving Vizag
Lenders in Visakhapatnam finance boats at the fishing harbour, trucks for the port trade and working capital for market traders, often on spreadsheets that cannot see an overdue account in time.
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An account two instalments behind looks like any other row on the sheet
Day-wise ageing puts it on the collection officer's list that morning
Field receipts are handwritten and cash is deposited days later
The agent's app records the payment on the spot and the branch sees it live
Every new scheme needs a programmer
Interest method, tenure and charges are configuration your team sets
Visakhapatnam is the financial centre for the districts around it. Besides banks, the city has finance companies lending against boats, trucks and equipment, small-business lenders serving Vizianagaram, Srikakulam and Anakapalli from a Vizag head office, and a newer set of fintech firms building digital lending products in Dwaraka Nagar and on the Rushikonda hills. 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.
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An example
A finance company lends against mechanised boats at Visakhapatnam Fishing Harbour. Its collection officer is on the quay by six, before the day's departures. His phone shows the accounts due, sorted by days overdue, with the boat's registration and the owner's phone number. He collects from nine owners, records each payment in the app and hands over a printed receipt from a pocket printer; the branch in Dwaraka Nagar sees the money the moment it is entered. One owner asks to move his instalment date to the week after the landing; the request goes to the branch manager, who approves it from her screen, and the schedule regenerates. By seven the officer has left the harbour, and the day's overdue list is already shorter.
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 is rehearsed and reconciled before cutover, and we visit for branch and collection-staff training, since adoption in the field decides the outcome.
Discovery. Your loan products, interest methods, collection routine and reporting.
Blueprint and fixed scope. A clear plan, the deliverables and the timeline, agreed in writing before configuration starts.
Configuration. Loan products, schedules, disbursement, repayment, collections and the books behind them.
Data migration. Borrowers and running loans with their schedules and outstanding balances.
Training, go-live and support. Your team tests on real data, we stand beside you at launch, then support continues under a plan.
The scope and timeline are agreed in writing before work starts.
Boat, vehicle and equipment finance
Loans against mechanised boats, trucks and handling equipment with the asset as collateral, insurance and registration expiry tracked alongside the loan, and instalment schedules matched to the borrower's cash cycle.
Small-business and market lending
Individual and group loans to traders at Gnanapuram and the Rythu Bazars, agent apps for daily collection, branch-wise portfolios across neighbouring districts and portfolio-at-risk reports.
Fintech lenders
An API-friendly loan management core that a digital lending front end calls for sanction, schedule and repayment posting, with integrations to payment gateways and credit bureaus built through the Frappe framework.
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 for your category of lender.
The system is web based and light, and works on ordinary mobile data. The collection app can 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 accounts is checked line by line with your team.
After a first conversation about your loan products, branches and the volume of running loans, we agree the scope and send you a written quotation. The price, the deliverables and the timeline are fixed against that scope before any work starts, so nothing grows without your sign-off.
You speak to someone who does this work, not a call centre. They ask about your loan products, how collections run and what you use today. If it looks like a fit, we agree the scope and put it in writing, with the timeline, before any work starts. If it does not, we tell you.
Visakhapatnam Fishing Harbourmarket
26-hectare landing centre beside the port for about 700 mechanised boats and 300 beach-landing craft, opened 1976
A landing centre for about 700 mechanised boats and hundreds of beach craft beside the port, where boat owners borrow against the vessel and repay on landings rather than salaries.
Source: en.wikipedia.orgGnanapuram wholesale vegetable marketmarket
wholesale onion, potato, tomato and vegetable supply for the city and its Rythu Bazars
The wholesale onion, potato and vegetable supply point for the city and its Rythu Bazars, where traders run on daily working capital and small lenders collect on the spot.
Source: deccanchronicle.comDwaraka Nagarmarket
main commercial district: shopping malls, offices, hotels, coaching centres, next to the central bus station
The commercial district beside the central bus station where finance companies and fintech offices keep their branches and where a head office wants one screen for all of them.
Source: en.wikipedia.orgPlaces and organisations are named for local context only. Acube Innovations is not affiliated with or endorsed by them.
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Kochi (Kadavanthra & Infopark) · Thiruvananthapuram · across India & overseas · In business since 2011