We are experts in credit decisioning and loan management. That focus is exactly why Oome does it better, giving you a tool that gets out of your way so you can run your business, your way.
Flexible
Easily preconfigure finance products and organise them into portfolios. Adding interest, fees and security assets is quick and simple, with support for consumer and commercial lending, secured and unsecured.
Interest and repayments are decoupled and exceptionally flexible. The system adapts to any financial product, effortlessly and, most importantly, simply.
Guided processes
Everyday tasks are as simple as they can be, but some are just inherently complex. For those, guided process wizards walk you through in a few clear, easy steps, such as variations, hardship and payouts.
The same approach makes capturing new loans straightforward: if you’re not using Oome for origination yet, enter a loan directly into the system through a guided process, without any of the guesswork.
Integration
Connect with a wide range of services, so loan management slots straight into the systems you already rely on. Integrate payment gateways and messaging services to facilitate payment reminders and automatic collections, and your own CRM to keep everything in step across your business.
Need a service that isn’t supported yet? Just ask, and new integrations are added as your needs evolve, so the system keeps fitting your business rather than the other way around.
Collections and disbursements
Run collections through operational accounts, and keep as many of them as you need. Integrate with third-party payment providers to issue direct debit mandates and run automatic, recurring collections.
Collect ad hoc payments with a single click, and review the daily collection run before it’s processed. Once processed, payments are automatically reconciled or dishonoured. Borrowers receive reminders ahead of time, and any missed payment triggers automatic retries and notifications, so follow-up happens on its own, without chasing.
Disbursements work the same way. Trigger them automatically when a loan is funded, or leave them to be actioned deliberately with a single click, whichever suits the way you work. Refunds are processed exactly the same way, just as seamlessly. Make the transaction and it’s taken care of.
Reminders
Configure payment reminder behaviour per product, because every finance product is unique and you’ll want to communicate with borrowers in different ways. Borrowers are reminded before a payment is due, reducing the risk of insufficient funds and defaults. Better for borrowers, better for lenders.
For borrowers in hardship or on payment arrangements, mute reminders as needed. On loans with multiple borrowers, or applications with multiple applicants, control reminders individually.
