abraxsys provides for a consumer lending module that handles lending specifically for individuals and corporations, which is particularly prevalent in certain regions of Asia.
It records details related to business transactions such as pledged loans against goods held, hire purchase and leasing contracts and the pawning of possessions in exchange for cash.
The module offers the following facilities:
- Agricultural and importer pledge loans
- Hire purchase and finance or operating leases
- Details of assessed and market value of goods held
- Warehouse address lock and key numbers
- Associated repayment schedules recorded in number of days, months, quarters or annually
- Management fee & tax involvement