STL has been providing software solutions to the financial services industry; our years of experience in providing solutions to financial industry have enabled us to better understand their software needs. Our goal is to help financial services institutions by providing right kind of software solution for the way they do business. Since business focus can center around financial planning, asset allocation, portfolio management or investment and insurance product sales, different software solutions apply to each of these respective practices.
eHorizon’s Financial Services Software, offers a comprehensive suite of offerings encompassing retail, corporate, investment banking, funds, cash management, trade, treasury, payments, lending, private wealth management, asset management, compliance, enterprise risk and business analytics, among others.
Credit approval
eHorizon Credit Approval facilitates the disbursement of loans and credit from the bank to existing account holders. eHorizon Credit Approval will automate the credit and loan approval system by using Oracle Workflow (email for notifications) and Oracle Collaboration Suite, such as Oracle Portal for the actual deployment and Oracle Files for online document loading.
Life insurance
eHorizon Life Insurance is an enhancement tool designed specifically for the commercial insurance industry that facilitates the consolidation of agency, new business tracking, marketing and accounting functions of a life insurance business. The system has been developed after extensive research on the current and anticipated future requirements of the East African Life Insurance industry. It is a fully integrated, extremely user friendly, interactive system that is designed to meet the business workflow of an insurance company via user-defined parameters.
This state-of-the-art application represents the best in terms of system design and is based on highly cost efficient, non proprietary technology, and incorporates rule based and object oriented techniques, inherent when using Oracle development tools. Furthermore, eHorizon Life Insurance runs on the Oracle platform, the world’s foremost relational database management software.
Pensions
eHorizon Pension management system handles the receipt of contributions from employees of various institutions, and computes interest and penalties as required. The system is designed and developed for fund management companies such as insurance brokers/agents, insurance companies and retirement authorities.
The system computes the pension payable to contributors depending on the type of retirement involved and terms of contribution, with each retirement having a different mode of receipt, calculation and dispersal. The computation of lump sum payment and tax deductible is also processed by the system. The contribution module allows the user to generate a wide variety of reports ranging from a Contributors Listing and Penalty Calculation Report to a Payments Received Report.
Loan
eHorizon Loans management system that offers the full range of capabilities needed in a mortgage and/or loans operations. It provides the flexibility required in creating, maintaining, and processing commercial, consumer, mortgage and equity line of credit loans, and takes care of management with its comprehensive reporting facility.
Various control functions within the system allow management to design and immediately implement loan products and services to satisfy specific requirements as desired by the users. At the same time, it is ensured that cost structures that are profitable and/or competitive are maintained. eHorizon Loans offers a number of features designed to help improve your company’s efficiency:
FOSA
eHorizon FOSA is a semi-banking application providing savings, fixed and call deposits accounts services to its members. Also offers advances which can be viewed as small unsecured loans at low interest rates. The application credits salaries and/or periodic agricultural payments received from respective employees / institutions to the appropriate accounts. The e-horizon FOSA differs from normal banks as it does not offer current accounts, securities, secured loans, external cheque clearing or foreign exchange transactions. The application has been developed to address:
- Small depositors who could not maintain the high minimum balance required by banks.
- Provide basic banking services in areas where banks are not available.
- Provide small, low interest, unsecured loans to its members.
BOSA
eHorizon BOSA is a high performance application, designed for the largest SACCO in Kenya (Kenya Union of Savings & Credit Co-operatives ). It keeps track of the society’s membership as well as the periodic mandatory contributions from each member. It processes loan applications, sends information to members’ employers or agricultural societies to deduct and remit members’ payments and tracks loan repayments. The system is also designed to initiate and deduct/collect penalties from members in the event of default on loans. In addition, e-Horizon BOSA also computes members’ dividends, pays out expenses for the last rites to the next of kin in the event the member is deceased.
