AutoCloud Reviews

AutoCloud

Loan origination & document management for lending companies

5.0/5 (2 reviews)

Nissanka Seneviratne

Goodbye to manual credit application processing

Used weekly for 6-12 months
Reviewed 2019-05-01
Review Source: Capterra

the available features are fairly good for Sales, Assessment, Processing and recoveries. As I haven’t reached the customer support so far, no comment can be made. Overall it’s a good system for small scale NBFCs.

Pros
As a user of Auto Cloud, we have been able to get rid of most of the manual Credit processing, Evaluation, Approval, Disbursement and Recoveries. What matters in Lending is not quantity but quality. These automation processes helps in minimizing human errors / short-sights throughout the process. A good investment is based on the recovery of the final due cent and not by the value of the loan given. Auto cloud just does it no matter where you are. The revolutionary features of Auto Cloud can be mainly segmented as loan origination suite, loan management suite, loan collection suite, reporting and analytics suite. The CRM, ENTERPRISE INTELLIGENCE, COMMUNICATION and BPM features handles the process as different but coordinated segments to complete the credit process. Within above, tools for Credit Bureau Integration, Bank Integration, Credit Risk Assessment, etc is incorporated for ease of credit worthiness determination. These features make sure that a quality investment is done and the recoveries are managed as scheduled in order to achieve budgeted revenue. Other features too are incorporated within the said process for a smooth administrative process. This is a reasonably well designed system at least for a higher reliability if not 100%.

Cons
at this stage it’s not right to comment about cons and may need more time to assess the effectiveness. With the rapidity of usage gaps may emerge as is a common case with most software. I suggest that integration of social media and telephone number tracking apps will help in identifying the applicant’s background in detail as a background checking tool.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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AutoCloud

Loan origination & document management for lending companies

raunak jain

The most easiest and best software for any type of lending companies

Used daily for 6-12 months
Reviewed 2018-05-23
Review Source: Capterra

Pros
Easy to use and understand, Automated & AI built reporting and accounting Amazing UI/UX All features in one

Cons
No mobile apps still, but according to the company , they are working and will be done in 3 months.

Rating breakdown

Value for money
Ease of use
Features
Customer support

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AutoCloud

Loan origination & document management for lending companies