1. OCTAGON
Automated Credit Application
and
Account Management
Overview

2. FRONTIER & LOANS MANAGEMENT SYSTEM
 Who is Octagon ?
 Our Customers Profile
 Cradle to Grave process
 Key Statistics
 Credit Strategy
Copyright © Octagon Business Solutions -2010

3. Who is Octagon?
 Trading in credit vetting & loan management since 1998
 Employs more than 15 people dedicated to our producs
 Systems and integration is deployed in Credit Bureaus, Telkom,
Major Retailers, Financial Institutions, Attorneys and Estate
Agencies
 Products for Credit Application Processing and Decisioning,
Account Management & Collections. Clients are Retailers,
Credit Providers, Microlenders, Attorneys and Estate Agencies.
“Octagon is a leading solutions provider for
credit application processing & loan management in South Africa.”
Copyright © Octagon Business Solutions -2010

4. Enterprise Product customers in the following industries
Customer Profile
Personal loans
JD Group
Lendcor
Maravedi
Crest
Babereki
Norufin
24 Fix( Solar )
Direct Axis
First Funding
(Employer based)
Retail
JD Group
Truworths Ltd
Full House Retail
Astra Furnishers
Foshini
Retail Credit
Solutions (RCS)
Asset Based Finance
SASFIN Bank
Nedbank
ABSAATF
AOT Finance
Kago Finance
Cape Finance
WesBank Botswana
WesBank Namibia
WesBank Swaziland
WesBank Lesotho
FNB Securitized
Thousands other customers using our desktop products.
Copyright © Octagon Business Solutions -2010
Motor Finance
Mmela car scheme
Government

5.  Interface to relevant external data sources through Dossier
 Dossier (Single Point Of Contact)
 Adding new sources continually to Dossier
Dossier
Single Point Of Contact
FRONTIER
Commercial
Credit Bureau
FRONTIER
Client User
FRONTIER
WEB User
Various
Others
FRONTIER
External data sources
FRONTIER
Client User
eCommerce
Interface
Fraud
data
Deeds
Office
Consumer
Credit Bureau
Copyright © Octagon Business Solutions -2010

6. Data InterfacesData Interfaces
External
Services
Customer
Services
 Interfaces developed to relevant external data sources
 Interfaces developed to relevant internal systems
 Integration required for correct risk assessment
 Integration required for customer service
Dossier
Single Point Of Contact
FRONTIER
External data
FRONTIER
Client User
FRONTIER
WEB User
FRONTIER
SYSTEM INTEGRATION
FRONTIER
Client User
eCommerce
Interface
Loan
Management
System
CRM
Customer
System
Other
Systems
Copyright © Octagon Business Solutions -2010

7. LMS SYSTEM
ACCOUNT MANAGEMENT & MONITORING
Credit Application
Authorization
Application
Capture
Quotation
Account
Creation
Approval Disbursement
Application/Account Life Cycle
Cradle to Grave
Contract
Generation
Credit Vetting
Min Policy
Rules
Affordability
Check
Fraud Check
Credit
Bureau
Enquiry
Copyright © Octagon Business Solutions -2010

8. Application/Account Life Cycle
Cradle to Grave
LMS Account Management
Loan management system modules
Payment
Plan Options
•Fixed/Linked
•Staggered
•Residuals
•Re-advances
•Finance extras
•VAT/No VAT
Capital
Transactions
•New Deals
•Book Val Reductions
•Re-advance capital
•Settlements
•Re-schedules
Finance
Charge
Transactions
•Earnings
•Settlement Rebates
•Penalty Interests
•Re-schedule
•Fin Charges
Debtor
Transactions
•New Deals
•Receipts/Reversals
•Deposits
•Settlements
•Journals
•Re-schedules
•Escalations
Collections
Auto Que’ing
& Diary
General Ledger Interface
Full
Journal
Summary &
Audit Trail
GL Posting
File
Letters &
Legal Tagging
Copyright © Octagon Business Solutions -2010

9. Credit Strategies
With regard to the key statistics these are available through reports
in Frontier and the LMS.
It must be noted that a credit strategy determines the performance
of the book. A good strategy will strive to advance the most credit
while reducing the odds for bad debt.
This is achieved by utilising the following tools:
 Strict Minimum Policy Rules
 Profiled Decision Trees
 Researched Scorecards
 Odds-based Joint Odds matrices
Copyright © Octagon Business Solutions -2010

10. Copyright © Octagon Business Solutions -2010
 Authorised data reseller for the Credit Bureaus
 +-2000 companies use our various software products
 Dossier Gateway switches +-24 million transactions per annum
 Processes value +- R250 million per month
 Automatic approvals within maximum of 30 seconds
 Consistently applies business & credit strategy uniformly
 Full MIS reporting and Performance statistics.
Why use Octagon for your Credit Decisioning & Loan management

11. Loans Management & Collections System
 A full range of standard reports covering:-
• General Ledger with full audit trail and balancing
• Arrears & Statistics
• Letters & Statements
 General Ledger Interface
 Full journal Created for each transaction
 G/L Codes are user defined
 Full G/L Summaries and audit trails
 G/L posting files for Accounting Packages
 Customer Collections
 Automated collections queues pre-legal & legal
 Automated administration queues
 System allocation of collectors to queues
 Diary follow-up sub-system & Memo pad per agreement
 Legal tagging, Deal Tagging
 Letter generation
 Provisions and Bad Debts
• Suspend earnings & Suspend arrear interest
• Provisions, Write-off transactions
• Bad Debts Transactions
Copyright © Octagon Business Solutions -2010

12. Copyright © Octagon Business Solutions -2010
Questions