Maximising efficiency with multi-tenant customisation: the power of SaaS-based loan management

SaaS (Software as a Service) based loan management products are becoming increasingly popular solutions for financial institutions and lending companies. These products empower businesses to manage their loans and customers more efficiently while reducing costs and increasing revenue. However, what sets these products apart is their ability to be customised to fit the specific needs of a business.

SaaS-based loan management products with customisation also provide businesses with more advanced reporting and analytics capabilities. These products can be customised to include data visualisation and reporting tools that allow businesses to track key performance indicators, such as loan volume, delinquency rates, and customer satisfaction. This can help businesses identify opportunities for improvement and make more informed decisions. Additionally, these products are cost-effective solutions and often more secure and less prone to errors than traditional loan management software.

Another key advantage of SaaS-based loan management products with customisation is their ability to integrate with other systems. These products can be tailored to integrate with other software, such as CRM (Customer Relationship Management) systems, accounting systems, and digital document management systems. This allows businesses to streamline their operations and improve data management.

Consider a business case where one application is deployed on the cloud and provides services to multiple financial institutes (of different business segments) where each financial institute runs a business in a separate Tenant. So, in the current environment, Multi-Tenant is not a new requirement, and there is a widely adopted practice of Multi-Tenant-Architecture in the SaaS industry.

The complexity comes when each business segment demands different user interfaces or asks for flexibility where each business segment can define its own user interfaces. In such a scenario, it is not possible to alter the core application for each segment.

Finnate comes with Multi-Tenant-Architecture with Tenant-based Customisation flexibility.

Popular SaaS-based loan management product Finnate provides Tenant based customisation flexibility.

Finnate can run multiple business segment-wise custom containers that can override or run parallel or complement core application containers wherever and whenever needed. This is possible due to the Flexible, Modular, and Scalable Multi-Tenant Architecture of Finnate.

It also allows for modular and independent development and deployment of features business segment-wise with zero downtime.

Today Finnate supports 4 business segments on one cloud deployment with one Loan Management System product where all the segments have their business processes and different user interfaces.

Finnate supports-

  • ARC (Asset Reconstruction Business)
  • NBFC (Non-Banking Financial Company) Business
  • Student Lending for Education Loan
  • LAS (Loans against Shares)

Catering multiple business segments in one deployment with multiple tenants with a complete customisation feature is a cost-effective strategy. It has also reduced the overall support and maintenance effort.

In conclusion, SaaS-based loan management products with customisation offer several benefits to financial institutions and lending companies. Additionally, they are cost-effective, secure, and less prone to errors than traditional loan management software. Therefore, considering SaaS-based loan management products with customisation can be a good idea for financial institutions and lending companies.


Vikas Jain
Senior Manager - Backend Technology

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