Credit unions
Credit Unions operate in the highly competitive retail banking market. In order to prosper, it is imperative to evolve and meet the unique industry challenges.
Key challenges include:
- Increased competition from banks
- Attracting new members
- Declining interest margins
- Cross selling products to members
- Retaining the right people
- Increasing reporting compliance
To meet these challenges and achieve your objectives, align your business with the best solutions partner in the industry…Finzsoft.
Finzsoft - enabling excellence in Credit Unions
For over 10 years now Finzsoft has been listening to the needs of the industry and our clients, focussing on developing the right tool; Sovereign finance and banking software.
Industry leaders including Police and Families Credit Union and Wine Country Credit Union rely on Sovereign.
Complete retail banking functionality is incorporated within the Sovereign solution.
Key features include:
- Range of flexible banking products
- Front office teller
- Card interface with ATM and Eftpos network
- Cheques, deposit and passbooks
- Diverse fee and interest options
- Telephone banking and SMS integration
- Full back office administration
- Banking, general ledger and industry interfaces
Additional modules create an all encompassing solution ideal for any Credit Union.
Sovereign Internet Banking
A full web based solution that enables your customers to complete their banking transactions from anywhere in the world.
- Fully integrated
- Real time transactions
- Custom corporate branding
- 24/7 access
- SSL security
Sovereign Global
True Internet based loan origination and approval allowing users real time access to Sovereign and its many features from anywhere in the world.
- Fast quotation and loan approval
- Automated scoring and credit checking
- Tailored workflow
- Risk pricing
- Professional loan documents
- Security guaranteed
Sovereign Collections
Automation is the key to Sovereign Collections, consistent credit behaviour for any lender is a must.
- User defined arrears categories and behaviour
- Compliance documentation
- Penalty interest and fee charging
- SMS integration
- User task allocation
Sovereign Publishing and Imaging
Industry standard Microsoft Word is used to create professional branded documentation. Documents are
permanently stored providing a full audit trail and reference point for answering any customer queries.
- User controlled document management
- PDF format and bar-coding
- Distribution options include mail, email and fax
- Interfaces directly to mailing houses for large statement and marketing printing
Sovereign Imaging captures and stores images, sound clips or video files. Combining Sovereign Publishing and Imaging, the paperless office becomes one step closer to reality.
Sovereign Reporting
Timely and accurate reporting is paramount to the success of any Credit Union. Sovereign has multiple reporting options available.
- Over 500 industry related reports
- Ad hoc custom report options
- Remote distribution; PDF and email
- Custom report writing using third party products
- Links to client reporting systems
Sovereign Enterprise Reporting provides access to your key business data.
- Easy and intuitive to use
- Graphical interface
- Comprehensive drill down functionality
- Performance monitoring
Finzsoft is a leading provider of enterprise software and professional services to the finance, banking, building societies and credit union industries. Our flagship product Sovereign is a fully integrated client, investment and lending solution with full transactional banking, Internet utilisation and business intelligence functionality.
Today, there are over 30 organisations globally that are successfully utilising Sovereign for their enterprise level finance and banking system.
Finzsoft is listed on the New Zealand Stock Exchange (NZX), has a staff of over 30 and offices located in Auckland, New Zealand and Sydney, Australia.