SmartLend product suite that runs on SmartPhones/PDAs, helps lending institutions to greatly leverage technology to improve agent productivity in the field. Through wireless connectivity to a remote server, SmartLend enables the user to have access to critical information in real time and helps the field agent to forward accurate information near instantaneously to the base. 

The SmartLend Retail Lending suite consists of three application modules running on the PDA:

• HandyProspect is an invaluable tool for client prospecting and prospect data Collection. It consists of PalmHolms for home loans, MobiLend for vehicle loans, EzGoods for white goods loans, Cash-OnHand for personal loans, HandyCard for Credit cards and LiquidShares for Loans against Securities.
   

• VeriFast is a verification solution that enables faster verification of prospect data thereby reducing the sales cycle.
   

• QuickCollect is a collection solution that enables faster and accurate collections of the receivables.

These solutions are wireless enabled by EtherMove, the communication module of SmartLend. This means the SmartLend solution can be hot-sync-ed wirelessly at any time and from anywhere with a backend relational database, so as to maintain up-to-date information instantaneously.

In addition, a set of web enabled back-end applications that come as part of the SmartLend suite facilitate data transfer through a holding area to the clients database on its server,thus ensuring data integrity of the customers data, and seamless integration to the clients core lending application systems. 

SmartLend is modular in nature. Any or all or a combination of its modules can be installed. None of the SmartLend modules need additional investment in costly infrastructure. A SmartPhone/PDA is adequate to run all these applications and to reap the benefits of this technology. In effect, SmartLend:

• Meets the Business Demands outlined by enabling technology at the last-mile.
   

• Helps sales agents surpass their targets by enabling them to make productive use of their time.
   

• Helps capture customer data effectively one-time at the point-of-sale and mine it for future use.
   

• As the PDA is updated daily, the agents have the latest and accurate offers on hand thereby eliminating inaccuracies and ambiguities related to the schemes on offer.
   

• By taking customer through what-if scenarios, the agents enable customers to make an informed buying decision on the spot, instead of waiting for written responses or follow-up calls which may result in the customer signing up with the competition.
   

• Shorter sales cycle leads to improved chances of converting the prospect to a customer.
   

• Speeds up verification cycle time by orders of magnitude, thus greatly improving the possibility of a sale closure.
   

• Helps streamline verification process resulting in fewer errors.
   

• Improves accuracy and reliability of the collection process by providing current information.
   

• Cuts down on operational expenses like phone, fax and paper costs. Improves overall profitability resulting from the above and enhances the customer centric image of the lender.

For more information about SmartLend, contact products@vastglobal.com