Finflux Pros and Cons

We use Finflux’s lending technology stack to extend personal loans to actively engaged truck drivers on our platform. The loan origination and underwriting tool provided

by Finflux plays a crucial role in enabling us to make well-informed financial decisions. The inputs collected in the loan origination journey are fed to the Business Rule Engine to get the desired outcome and extend loans faster to the truck drivers.

This capability streamlines the underwriting process, allowing us to efficiently manage it centrally.

Moreover, the system is very simple to use. Review collected by and hosted on G2.com.

While the pricing may be on the higher end, it unquestionably delivers value for the money, contributing significantly to the entire system, from operations to the generation of new revenue streams. Review collected by and hosted on G2.com.

There has been a major revolution in our operations brought about by Finflux's loan origination and management system, which centers on operational efficiency and customer experience. Our new digital product includes an easy-to-use interface and essential financial products features such as the ability to set up multiple product types, customize LOS workflows among others. This has resulted in 80% of automation for our manual processes with respect to a new digital product. Due to this innovative approach, we can now offer a consistent high quality service all through their journey because it makes our operations more efficient by enabling us manage any problems that may arise from time to time better than ever before. Review collected by and hosted on G2.com.

The platform is an all-inclusive one that is made up of many features we require, though it had certain shortcomings at first in terms of roles & permissions and workflow management. However, the team customized it very well so as to fit our particular needs and accorded us with necessary help and advice to make sure that our customizations could expand within the system. Review collected by and hosted on G2.com.

Finflux has a vast feature set, covering most possible use cases in Lending. In fact, even complicated product structures or schemes can quickly be set up using their default setup. It's cloud native and can be deployed on dedicated infra / own cloud. The APIs are easy to understand, integrate and test. There is no major concern w.r.t. application performance or scale. The team, especially the founding folk, is very helpful and approachable. The application was a backbone of our lending operations, used daily by our team, with an easy learning curve. Review collected by and hosted on G2.com.

As a veteran product, it comes with minor quirks in terms of flexibility of certain features and introducing new ones or changes that need to be extensively tested for regression before going live. Some times, things take time, but it is a characteristic of something that has been built over a decade. Review collected by and hosted on G2.com.

The Loan book application for the field officer's operation automation has significantly improved on-time collections. It has the capabilities to collect repayments in both online and offline modes. Finflux streamlines processes such as document verification and disbursement, reducing manual errors for our field officers and accelerating the overall loan lifecycle. A highly efficient solution for lenders. Review collected by and hosted on G2.com.

Occasionally, the generation of a report may experience a delay due to the absence of certain fields, necessitating the need for the report to be regenerated. Review collected by and hosted on G2.com.

Security is a top priority for us, and Finflux excels in providing robust measures. The encryption and authentication protocols ensure the confidentiality and integrity of sensitive data. We feel confident in entrusting our operations to this secure platform. Review collected by and hosted on G2.com.

Generating reports can be a time-consuming process, but only when we are dealing with large volumes of data that need to be reconciled. Does not face this issue with branch-wise report generation. Otherwise, good, consolidated report for data analysis Review collected by and hosted on G2.com.

The user interface of the loan management system is user-friendly and intuitive. Our team quickly adapted to the system, and the learning curve was minimal. The straightforward navigation and well-designed dashboard make it easy to manage and monitor micro loan and group loan portfolios effectively at multiple branches centrally with Finflux. Review collected by and hosted on G2.com.

In certain situations where connectivity is limited, the application's speed may be slow. Review collected by and hosted on G2.com.

With features like geo-fencing of collection locations, notifications for collection for NPA

customers and automation of onboarding journeys, it has reduced frauds and increased

operational efficiency of our branch and field officers. Review collected by and hosted on G2.com.

Sometimes, the location tagging of field officers doesn't show up on the UI so needs to be checked in the database. Review collected by and hosted on G2.com.

Their loan origination and management system have revolutionized how we offer Buy Now, Pay Later (BNPL) and consumer durable loans. They have provided us with tailored solutions for both merchants and consumers. It’s a well-rounded lending technology stack if you are looking to centralize your customer onboarding via multiple channels (online and offline) and digitize loan management operations end-to-end. The end goal would be better client journeys and increased employee efficiency. Review collected by and hosted on G2.com.

There wasn't anything of note that could be added here. Review collected by and hosted on G2.com.

The platform offers seamless onboarding for our customers, from

application submission to disbursement with their Loan Book application. Review collected by and hosted on G2.com.

There is nothing to dislike about Finflux. As a user, my time management has improved with the system automation that Finflux is providing. Review collected by and hosted on G2.com.

Our experience with Finflux has been great. The proactive assistance during our onboarding provided by the customer support team was amazing. The level of expertise their sales team and implementation team brought to the table demonstrated a commitment to tailoring solutions to our specific requirements. Review collected by and hosted on G2.com.

While it's not a major issue, a slightly extended TAT has been noticed on certain occasions, and it would be beneficial for the team to focus on optimizing this aspect. Review collected by and hosted on G2.com.