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Also serving Madras
Chennai is home to vehicle financiers, gold-loan counters and small NBFCs by the score; loan software must compute every schedule correctly and show every overdue account daily.
Official ERPNext Partner · 100+ ERP projects · Since 2011
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Photo: SlowPhoton · CC BY-SA 4.0, cropped · via Wikimedia Commons
Trusted by 200+ organisations across India & overseas — including
Loan book in one package, ledger in another, reconciled every quarter
Disbursals, receipts and accruals posting straight to the ledger
Field receipts written by hand and deposited the next day
Mobile collection with geo-tag, instant acknowledgement and a live overdue list
NPA and provisioning statements assembled for each inspection
Daily classification and provisioning by rule, available as a report
Chennai has long been a financing town. Commercial-vehicle and two-wheeler finance grew up here beside the auto industry, and the city's NBFCs, nidhis, chit-linked lenders and microfinance firms serve borrowers across Tamil Nadu from offices on Anna Salai, in George Town and in T. Nagar. Many of the smaller ones still run on a legacy package with Excel on the side, and only one person understands the macros.
Our loan and lending management software is built on ERPNext. It covers loan products with their interest methods, charges and moratoriums, origination with KYC documents and approval workflow, disbursal posted to the ledger, EMI schedules with part-payment and foreclosure, automated interest and penalty accrual, collateral tracking, mobile field collections with geo-tagging, and NPA classification with ageing and provisioning reports.
Case studies
Adventure Sports Cover 360 (ASC360)
ASC360 — ERPNext + Mobile App Cut Policy Issuance Time 70%
MultiWealth Capital
MultiWealth Capital — ERPNext Cut Loan Processing Time by 60%
Indus Motor Company Private Limited
Indus Motor — ERPNext Cut Stock-Outs 40% Across Showrooms
An example
Tuesday is collection day for a two-wheeler financier with its office on Anna Salai and borrowers across the Kodambakkam and Vadapalani neighbourhoods. Each field executive opens the morning's route on his phone: the accounts due today, the ones already overdue, and the promised dates from last week. At a mechanic's workshop in Vadapalani he collects an instalment, the app records the amount with the location and time, and the borrower gets an acknowledgement on WhatsApp before the executive has started his bike. Back at the office the overdue list has been shrinking all day without anyone typing a receipt. The branch manager's evening review shows collections by executive and the accounts that need a visit tomorrow, and the ledger already carries every rupee collected.
Lending systems carry live money, so migration is the heart of the project. We take your loan master and transaction history, rebuild each schedule in ERPNext and reconcile outstanding balances loan by loan, working remotely from Kochi. We visit Chennai to map products and approval rules at the start, and again to train branch and collection staff before cutover.
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.
Banking & financial services
NBFCs, nidhi companies and microfinance institutions running secured and unsecured products, with branch-wise portfolios, credit-approval limits, co-borrower and guarantor records, and regulator-ready statements produced from the live book.
Automotive & auto components
Vehicle and equipment finance linked to dealers: asset details and registration recorded as collateral, dealer payouts, insurance renewal reminders, repossession tracking, and schedules that handle the uneven cash flows of transport operators.
Retail & FMCG
Gold-loan counters and consumer-durable finance offered through showrooms, with pledged-item records, valuation and release, quick origination at the counter, and distributor or trade credit managed as a loan product with interest and limits.
Yes. Interest methods, repayment frequency, moratorium and balloon payments are defined on the loan product, and schedules regenerate on part-payment or restructuring. Unusual products used by Chennai vehicle financiers can be added through customisation.
It provides the loan accounting, audit trail, NPA classification and reports that regulated lenders need, and it can be extended for specific returns. Compliance remains the lender's responsibility, and we work with your compliance officer to map each requirement.
Through role-based access, field-level permissions on sensitive data, full audit logs, encrypted connections and hosting in Indian data centres if required. KYC documents are stored against the borrower with access limited to authorised roles.
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.
Teynampet zonelocal body
The Anna Salai stretch where the city's finance companies and NBFC head offices sit, with branch portfolios and collections that must roll up to one book each evening.
George Town / Parry's Cornermarket
the old central business district next to the port: street-wise wholesale trade in textiles (Mannadi Street), grains and pulses (Moore Street), hardware and cycles (Broadway), plus banking
The old central business district with its banking houses, where nidhis and chit-linked lenders still serve the trading community from offices above the wholesale streets.
Source: en.wikipedia.orgKodambakkam zonelocal body
A dense residential zone of small traders, mechanics and salaried households, the borrower base for two-wheeler, gold and consumer-durable finance collected door to door.
Places and organisations are named for local context only. Acube Innovations is not affiliated with or endorsed by them.
Get a clear plan, an honest timeline, and a fixed scope. Talk to a real expert today — whether or not you work with us.
or write to info@acube.co
Kochi (Kadavanthra & Infopark) · Thiruvananthapuram · across India & overseas · In business since 2011