Introduction

The Corporate Lending Origination system (CLOS) allows banks to digitally initiate the Credit Application for their corporate customers. CLOS is a single platform that offers a flexible solution for banks to create credit applications, perform a risk assessment and approve credit packages for customers via a workflow for any business segment. Banks can create a Credit Application for existing or prospective customers through simplified risk mitigation processes and an easily configurable solution to any functionality. The administrator of the CLOS application allows banks to configure workflow with their respective stages & Tasks, user profiles, and Users as required by each Bank.

CLOS comprises the below panel apps:

• User Panel - The Bank users use the User Panel to initiate and manage credit applications through various workflows configured (in the admin panel) digitally. Based on the request type and the workflow configuration,the User panel automatically creates tasks for various users which allows multiple users to perform different activities as per their roles and permissions, such as capturing credit details, performing credit assessment, reviewing captured details, approving credit packages, post-approval, performing due diligence, and document verification.Thus, allowing bank users to create, update limits, deal, or add facilities in the CLOS as well as core system.

• Admin Panel - The Bank users use the Admin Panel for administration setups, such as parameters, configuring various workflows along with its stages and tasks ,User Creation and Management, Facilities Management, Collateral Management, etc., which reflects in the User Panel App.

CLOS supports both On-Premise and Cloud.