Finance Companies

Services For Finance Companies

We understand that finance companies need accurate and timely financial reporting, effective default management, and efficient operational processes for growth.

At Jinnah, our team of experts has the knowledge and experience to provide exceptional services that empower finance companies to thrive and succeed.

We offer a range of services to support finance companies in managing their operations, including:

Integration of Operational and Accounting Systems

  • Mapping the Chart of Accounts in Operational (i.g. finPOWER, etc) and Accounting (i.g. XERO, myob, etc) Systems.
  • Extraction of reports on monthly basis from Financial System including Loan Control Ledger, Unearned Income, Revenue and Direct Cost ledgers.
  • Reconciling the balances and transactions with Accounting Ledgers.
  • Identifying, exploring, and rectifying any differences, and ensuring no backlogs, unreconciled and unknown balances.

Accurate and Timely Monthly Financial Reporting

  • Compilation of monthly Financial Statements in comparison to budget
  • Highlighting the material variances and suggestions to influence those variances in company’s best interest.

Financial Planning and Analysis

  • Providing more forward-looking services, such as financial forecasting, budgeting, and scenario analysis, to help you make better strategic decisions.

Monthly Report on Operational Performance

  • Dashboard reporting for improved visibility – portfolio-wise, product-wise, customer type-wise, loan size-wise, and geographical spread-wise.
  • Status of applications processing – total received, rejected, approved, disbursed and in process.
  • Breakup of revenue, associated costs, and margins analysis for each class of loans.
  • Performance of different business partners (car dealers, finance brokers etc.)
  • Reporting on the efficiency of collection department

Default Management

  • Retrieving various overdue reports form Operational System.
  • Summarising reports in meaningful way for better understanding and decision making:
    • Aging wise, loan class wise, broker wise, loan size wise
    • Trends for different classes and industries
  • Tracing the progress, missing actions and for recovery.
  • Tracking monthly movement and performance of Salvage Ledger.
  • Analysing the performance of Debt Collection Agencies and Repossession Agents.
  • Provision for Bad Debts – reviewing the adequacy, modelling, and compliance with IFRS.
  • Monitoring the process of Bad Debts written off for management and tax prospective.
  • Provide feedback and suggestions to:
    • Reduce the risks of future defaults.
    • Improve the chances for exiting overdue loans for lowest possible losses and maximum cash flow position.

Operational and Management Support

  • Evaluation of practices, procedures, policies, rules and regulations
  • Redefining Eligibility, Credit & Lending Criteria and client Profiling
  • Review of fee, charges, and rates
  • Improvement of overall response rate by assessing and improving Application Process

Help in Business Lending Applications

  • Understanding purpose of the loan and exact reasoning for cash flow gaps
  • Review of business plans, financial statements, management reports and financial projections to identify:
    • The business is profitable and sustainable.
    • Sufficient cashflows would be available for repayments.
    • There are reasonable securities (assets, guarantees) in event of any default.
  • Checking tax returns and related compliance
  • Ensuring the background, experience and plans of management are aligned to grow the business.
  • Considering the existing loan exposure, credit rankings (business, directors, and shareholders), existing PPSRs and overall riskiness.
  • Interviewing client to cross examine the information provided and asking questions.
  • Profiling of the client and recommendations of loan structure, fee, charges and interest rates.

At Jinnah, our experienced team can support you in all aspects of your business management, helping you make informed decisions and achieve your strategic goals.

Contact us today to learn more about how we can help your finance company.

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