Ascent’s Contract Management System CMS is a powerful, highly agile, and feature-rich application for managing and maintaining detailed credit contracts throughout their lifecycle, from pre-activation to activation, asset financial management, billing and collections, finance and accounting, restructuring, and maturity.
Features of the Most Comprehensive End-To-End Contract Management Solution
Designer of Effective Business Processes
Contract Management as a Whole
Compliance with a Wide Range of International Standards
Benefits
Directly relate to business requirements
Simplifying Complex Business Operations
Improved Portfolio Security and Accuracy
Ascent’s CMS streamlines even the most complicated corporate processes in global markets by providing accounting, tax, and other standard regulatory and compliance needs covering a wide variety of worldwide standards. Directly configure it to map individual company demands and manage crucial contract lifecycle stages.
Key Components
Contract Management and Activation
Manage the contract development process from start to finish, and collect loan payments from consumers against their receivables. keeping a record of business rules to track documents needed; displaying repayment plans, amortization schedules, and disbursements; and keeping track of all contract calculations and finance-related information throughout the lifecycle..
Tracking of documents
Keep track of your payments arrangements and deadlines.
Management of Customers
Change contracts in real-time without having to rebook. To quickly reply to customer queries and requests, use a simple UI to search record data and answer customer questions and requests. Improve customer service by using our mobile app and website.
Contract amendment in real-time
360-degree client perspective
Electronically respond quickly to client questions.
With mobile and online portal access, you can provide better service to your customers.
Collections
To identify delinquencies, automate collection actions, and enable repossession, remarketing, early termination, and litigation, manage all payment receipts against multiple means of payment.
Management of all receipts
Routing to the appropriate teams is automated.
Audit trail in its entirety
Remarketing of Assets
Manage the asset remarketing process from asset appraisal to inspection to advertising to gathering bid details and bid approval to an asset sale.
Asset remarketing from start to finish
Asset valuation, inspection, and advertisement provisions
Support for gathering bid information, receiving permissions, and completing the sale
Register of Assets and Inventory
Maintain the asset’s state, information, and financial data in the register, ready to be linked to a contract, sold or disposed of.
Asset Renewal
From inception to conclusion, asset remarketing
Provisions for asset appraisal, inspection, and advertising
Assistance with obtaining bid information, obtaining permits, and closing the sale
Asset and Inventory Register
Renewal of assets
Comprehensive asset re-leasing functionality
All three options for repossession, termination, and maturity are completely covered.
