NOLT Finance

NOLT’s previous loan management system simply did not live up to its high standards – in particular it did not provide it with the reporting capabilities it needed to improve its services and meet its compliance responsibilities.

NOLT told us: “Some of the challenges NOLT faced before working with Oradian were that our former software lacked automation and gave loan and customer information inconsistently; it also lacked variety in terms of loan businesses.”

NOLT’s main concern was generating consistent, accurate reports. To do that, it understood it needed to switch its loan management system to one it could trust to deliver the reporting capabilities it demanded. That’s where Oradian entered the picture.

“Some of what attracted NOLT to Oradian was the user interface,” NOLT told us. “It was user-friendly, but the unique selling point that really influenced our final decision was the ability to generate consistent and accurate reports, from journals, to financial reports, to credit reports. Basically, we were drawn to the variety of reports Oradian had to offer.”

One of the immediate results of adopting Oradian’s core banking system has been “an improved sense of direction.”

Most importantly, however, NOLT has used Oradian to solve its challenge generating reports: “With the help of Oradian in generating reports that were accurate and could be easily extracted and accessed, NOLT was able to submit its first CBN [Central Bank of Nigeria] returns within the necessary time frame.”

As with all new systems, the full potential of Oradian’s core banking system will be truly realised over the long term – and NOLT has an idea of how it will use Oradian in the future.

“We are trying to improve our customer investment statements and loan statements, so it can meet general expectations. We want to improve monitoring of the company’s portfolio, and automate the sending of investment letters, rollover notifications, and customer statements straight to customers.”

Scalable: grows with your business.

Affordable: our subscription-based model means economical pricing with no surprises.

Cloud-based: no need to buy and maintain servers and infrastructure.

Flexible: fast and easy to set up, configure, and change. Customise at the flick of a switch.

Low-bandwidth: designed for customers even in remote and rural areas. Works with 2G.

Easy to integrate: instantly plug in third-party applications using our powerful APIs.