Professional Fee Financing Software

ODYSSEY

PROFESSIONAL FEE FINANCING SOFTWARE

 

Odyssey Professional Fee Financing Software (PFF) provides you with fast, quick and reliable tools at your fingertips to calculate and process professional fee financing applications.  Electronic approvals, instant quotations, automated administrative tasks along with extensive reporting and management tools make Odyssey the right solution for any professional fee financing provider.

Odyssey Professional Fee Financing software is flexible and helps a wide range of businesses – from the sole trader to publicly listed companies who want to allow their clients to enjoy the flexibility of spreading the payment for professional services (such as accountant or lawyer’s fees) over an agreed period of time rather than in one large sum.

 

ODYSSEY BENEFITS

What's in it for me?

PFF Tablet

   

  • Incoming fixed monthly payments
  • Flexibility - access anywhere anytime
  • Easy administration
  • Speedy approval processes
  • Automated notifications
  • Customizable
  • Reduce and eliminate repetitive administrative tasks
  • Offer flexible billing and online payment methods
  • Manage cash flow
  • “Key-it-once” administration
  • 24/7 customer service

ODYSSEY PFF MODULES

 

  Quotes

 

  Loans

 

  Clients

 

  Creditors

 

  Collections

 

 

 

  General Ledger

 

  Period End

 

  Controls

 

  Administration

 

  Letters

 

FEATURES

  Electronic interfaces with third parties

Banks

Odyssey provides electronic interface with all major banks, building societies and credit unions. The system transmits generated files to the bank for collections and payments as well as receives bank statement files for dishonours and bank reconciliations.

 

Online credit checks

To automate credit approval process from within Odyssey, Red Planet Software has developed online access to Dun and Bradstreet, Veda and ABR. This can be implemented in various ways, from a basic entity check through to an automated approval decision-making process.

 

 

  Mobile Access

Odyssey is a cloud based application offering secure online access to authorized parties 24 hours a day, 7 days a week. Your Odyssey system can be accessed in the office via your computer or out on the road while visiting clients via your mobile technology such as a tablet or Smartphone.

 

The ability to provide instant quotes, access loan statistics and gain electronic approvals streamlines business operations, reduces application processing times and offers greater flexibility for intermediaries, agents and clients.

 

 

  Online acceptance

Odyssey allows end borrowers to access the loan online, thus eliminating the time consuming need for signatures and return of paperwork.

 

This streamlines the process and reduces the time from the borrower receiving the quotation to their acceptance dramatically. Their accepting of the loan online can then trigger the auto approval process, and if successful, the debit for the first repayment. To see how online acceptance works, please click here.

 

 

  In life loan management

The Odyssey loan system is designed to provide the user with complete flexibility throughout the life of the loan.
Functions available to the user include:

  • Change payment method or date
  • Override a DDR
  • Manual receipts
  • Add fees
  • Restructure a loan
  • Cancel, terminate or reinstate a loan

The Loan Enquiry facility provides a comprehensive view of all transactions against the loan, loan status, payments due, contract details and repayments schedule.

 

  Multiple payment and collection methods

Odyssey offers multiple methods of collecting payments from clients or sending payments to creditors. These include:

  • DDR (bank, building societies or credit unions)
  • Periodic payment for customer initiated transfers
  • Manual (cash, cheque)
  • Credit Card

Brokers, agents and underwriters can be paid by cheque or direct credit. Premium, Commission and Sundry Payments can be paid by different methods while remittance advices can be printed, faxed or emailed.

 

 

  User defined forms and letters automatically triggered

With Odyssey, users can design their own forms and letters, which are then automatically triggered. For example, Contracts, Terms and Conditions and Acceptance letters can be generated at quote approval stage. Overdue Letters 1, 2 and 3 are generated according to the number of days payments remain outstanding. Endorsement, Cancellation, Termination or Finalisation letters are also generated at the appropriate stages.

 

 

  Traceability

Odyssey provides users, managers and auditors with the ability to track changes to sensitive areas, such as loans details and client or creditor information, through the use of a time and date stamped notes system.

 

A sophisticated permission-based user login and password system allows menus to be configured in-house to limit access to different user groups according to requirements. All access is recorded in a security log.

 

Odyssey General Ledger system has the ability to drill down on any entry to trace user, time and date posted as well as associated entries.

 

 

  Extensive reporting

With over 50 inbuilt reports, each Odyssey module has a large selection of reports that can be printed to PDF or to Excel. Some frequently used reports are:

  • Quote Report
  • Broker Analysis Report
  • Monthly Business Report
  • Prepaid Commission Report
  • Interest Forecast Report
  • Unearned Interest Report
  • Cash Flow Report
  • Insurance Analysis Report
  • Financial Statements

The Odyssey Digital Dashboard offers a real time graphical display of selected information.

 
 
 

 

 

PRICING

 

There are four versions of the Odyssey application:

  • Silver: This is our entry level package. 1000 current loans included in the pricing with additional loans at $1/month. Perfect for the in-house funder.
  • Gold: This is the package for a small finance company. Features of Silver plus Bank reconcilliation plus external access for intermediaries.
  • Platinum: For the mid-sized finance company with up to 10,000 current loans.
  • Diamond: For the large finance company, this version has all the bells and whistles.

Click on the icons for the feature set.

DEMO VIDEOS

Collections

WATCH - Collections Module Demo

LoanEnquiryDetails

WATCH - Loans Module Demo

GeneralLedger

WATCH - General Ledger Module Demo

FeeQuote

WATCH - More Demos

CreditorsMenu

WATCH - Credit Controls Module Demo

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