One of the main requirements for any SOFOM to carry out its activities is to have financial software. These tools allow the automation of various processes, thanks to the modules that integrate it.

But, how do I know which modules a SOFOM financial software should have? Here we will find out!

Why is SOFOM software necessary?

We know that the Multiple Purpose Financial Companies (SOFOM) have among their objectives the granting of credits, leases and financial factoring.

Likewise, SOFOMES are registered with the National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF).

In order for your SOFOM to be able to operate its activities without failures, and at the same time comply with CONDUSEF and FIRA regulations, it is necessary that it have a portfolio management system that allows it to facilitate and automate its processes.

The importance of having good financial software

SOFOMES software should be seen as an investment that allows you to align with the regulations of the authorities, in addition to providing an easy methodology in credit and collection management.

So, these are some advantages that having a good portfolio management software gives you:

• Process simplification.
• Facilitation of access to information.
• Time optimization.
• Accuracy of calculations and operations.

It is important that, when selecting your financial software provider, it provides you with the necessary modules for the development and compliance of your activities; without forgetting that it also allows you to enjoy the aforementioned benefits.

What are some of the modules that a software for SOFOMES should have?

Next, we present five modules that a software for SOFOM must have:

1- Clients Module

SOFOM software must be able to provide good access to information that allows for comprehensive knowledge of customers; as well as being a system that allows individual and/or massive registration for these.

In the same way, said portfolio management software must have the capacity to generate digital files, online queries with the credit bureau and other databases. Learn more here!

2- Credit Origination Module

A good financial software should allow you to configure the credit origination processes and carry out simultaneous activities in the different phases of said process.

Likewise, the credit origination module must have a properly controlled, supervised and managed process. More information available at this link.

3- Credit Management Module

With this module you can obtain greater efficiency in the administration of lines of credit. In addition, account statements are issued based on the CONDUSEF guidelines and digital files such as contracts or promissory notes.

Thus, with this module an automatic posting is generated in all the operations that are the responsibility of the credit administration; Find more information at this link.

4- Factoring Module

Regarding the factoring area, software for SOFOMES supports the registration of clients, such as First Order Companies (EPO). With this, the massive upload of documents becomes a simple task without neglecting the control of active and passive balances. If you want to know more, you can enter here.

5- Financial leasing module

With this SOFOM software module, benefits are obtained in terms of residual and terminal value management, as well as VAT on interest at a real rate.

Optimized management of electronic files and in the massive loading of clients and accounts is obtained. Learn more about this module here.

These modules and more in one place!

All the modules you need from SOFOME software and more can be found at CAUDEX, a software focused on the management, administration and control of products and services provided by different financial institutions.

CAUDEX is the financial software developed by the company TASF, it has a guarantee of updating the rules and regulations applicable to Mexican financial institutions at no additional cost.

Are you interested in acquiring financial software? Get to know this comprehensive solution!

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