The finance module provides variety of finance solutions including payments, collection, debts and redeployment of payments. The system records for each payment the basic payment, the linkage, the calculated interest, the interest charged, the conversion rate, etc.
The module interfaces with the current accounting system of the insurance entity. The system supports one-time collection, closed transaction, open transaction, monthly payments, linkages to various indices, types of interest rates, including credit fees and means of payment by credit card. For clearing, payment via a credit guard voucher by interfacing with the system and redeployment of payments