Choosing a loan management system: a buyer’s checklist

Not all "loan software" is equal. Use this checklist to evaluate whether a platform can actually run your institution end-to-end.

Must-haves

• Full lifecycle: origination → approval → disbursement → repayment → recovery
• Integrated double-entry accounting and general ledger
• BNR Article 39 classification + automated provisioning
• Multi-branch, role-based access and complete audit trails
• Regulatory reporting (BNR, CRB) from live data

Nice-to-haves

• Funding & share-capital management
• Payroll integration
• Portfolio analytics dashboards
• SMS/email borrower communications