Servicing

Fyndoo for servicing

The Fyndoo solution is user-friendly, fast, and accurate when it comes to servicing the loan during its life cycle. Once a contract has been entered into, and all the agreements made, the follow-up process will be set in motion. To the notary, a collection of the interest, interim reports and obligations. Everything concerning contract management is settled by (or can be settled using) Fyndoo, quickly and easily.

The loan will be established and administered as part of the solution. A link to the financial records of the financier is possible.

The loan will be booked out in accordance with the terms set out in the contract. Fyndoo also takes care of debt collection and renewed collection of repayment terms in accordance with the SEPA standard. Payments initiated through Fyndoo will be automatically matched to the correct account; additional payments will be automatically settled in accordance with a smart algorithm as much as possible.

The Fyndoo back office proactively identifies when payments are in arrears, making it possible to deal with these debts early on. In addition, it has the ability to deal with customer-specific scenarios, including different payment schemes, interest and/or automatic collection stops or even automatic additional repayments outside the contract.

Servicing includes (but is not limited to):

  • Financial transactions
  • Loan and debtor management
  • Product management
  • Arrears management
  • Ledger integrations

Fyndoo for financial transactions

  • Automatic matching of payments on product level
  • Reconciliation of obligations based on risk and priority
  • Banking flows according to SEPA standard
  • Linking possibilities for PSP
  • Manual changes & Automatic interest and premium bookings

Fyndoo for loan and debtor

Ease of use and efficiency in the back office. The loan will be established and administered here. This can be linked with the financial administration. Fyndoo organises, identifies and controls:

  1. Payout in accordance with the contract.
  2. Fyndoo takes care of debt collection and renewed collection of repayment terms in accordance with the SEPA standard.
  3. Initiated payments will be automatically matched to the right contract and consumer.
  4. Additional payments will be automatically settled in accordance with a smart algorithm.
  5. The Fyndoo back office proactively identifies, making it possible to deal with these triggers actions.
  6. In addition, it has the ability to deal with customer-specific scenarios, including different payment schemes, interest and/or automatic collection stops or even automatic additional repayments outside the contract.

Arrears management

  • Dashboards for arrears buckets in combination with monitoring.
  • Flexible and automated payment schemes
  • Transfer to collection agency for bad debt/thinning

Ledger integration

  • Consolidated or unconsolidated report from journal entries

Real time data

  • Identification of arrears
  • Make balances and financial transactions available
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New operations in Florida and South America came within reach.

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February 17, Fyndoo introduction during Credion Networking Event.

- Wouter Pollmann, Fyndoo.com
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Our European customers got faster appropriate funding for used wind turbines.

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