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Release Notes: New Features Update – January 24, 2025

We are thrilled to announce the release of several new features in our system designed to enhance efficiency, reduce manual effort, and improve user experience across teams. Below are the details:

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1. Preventing Unnecessary Application ID Creation

Feature: Users can now select the lender along with the program before requesting an OTP from customers. If an application ID already exists for the same lender-program combination, a notification will display:

"Application ID with the same lender and program is already in the system with Application ID: 540xxxx."

Benefits:

Eliminates duplicate application IDs.

Saves time by allowing users to modify existing applications instead of creating new ones.

Prevents errors caused by lender-program combination restrictions.

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2. Invoice Backend Pagination

Feature: Backend pagination for invoices ensures faster loading times, even for customers with a large number of invoices.

Benefits:

Significantly reduces load time (previously over 2 minutes).

Resolves frequent request failures due to delays.

Boosts the productivity of the disbursement team, enabling quicker invoice validation and disbursement.

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3. Enhanced ABFL Application Form

Feature:

15 additional fields are now automatically captured in the ABFL application form, eliminating the need for manual additions.

Fixed previously captured incorrect values.

Support extended to include partnership and company-type cases, in addition to proprietorship cases.

Benefits:

Reduces manual work and errors in app form completion.

Expands case type coverage, ensuring seamless application handling for different business structures.

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4. Auto-Generated Loan Agreements for ABFL PID

Feature: Loan agreements for ABFL PID cases can now be auto-generated with one click.

Benefits:

Removes the need for the operations PSD team to collect and input 25 data points manually.

Saves significant time and effort while reducing errors in the loan agreement generation process.

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5. Financing Plan and Credit Dashboard Enhancements

Feature: Users can now define a range of "Repay Every" values and number of repayments for each financing plan. During credit approval, the analyst can select these values from dropdown menus to determine the loan tenure.

Benefits:

Supports flexible loan tenure configurations for different customer needs.

Simplifies credit analyst workflows with predefined options.

Improves operational efficiency in managing financing plans.

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6. Enhanced PSD Checklist

Feature: New items have been added to the PSD checklist to track application details such as:

Status of hardcopy submission to the lender.

Capturing amounts for Platform Fee, Security Deposit, Stamp Duty, and Insurance Amount.

Benefits:

Ensures all critical details are captured in the system instead of being tracked offline.

Enhances transparency and enables easier tracking of application progress.

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7. Automated Data Pull from ABFL Files

Feature: Automated daily data extraction from ABFL team files for fields such as:

Limits, Penal Interest Charges, Total Overdue, Total Outstanding, and others.

Benefits:

Eliminates manual data preparation by the analytics team.

Saves significant time and ensures real-time accuracy of critical data.

Enhances productivity by automating repetitive tasks.

How These Updates Benefit You

These improvements are tailored to enhance team productivity, reduce manual interventions, and ensure seamless workflows across departments like Operations, Disbursement, Credit, Analytics, Collections and Sales. Please familiarize yourself with these features to leverage their full potential.

For any questions or assistance, feel free to reach out to the product team.

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