Contracts

Contract is a key entity in the Brainysoft system. A contract is created after an application is approved through the Decision Making System (DMS).

A contract includes all the main processes related to loan and credit management, such as:

• Creating Cash Flow;
• Loan disbursement processes;
• Payment schedule generation;
• Other debt accounting and management functionality.

For a more detailed overview of contract functionality in the Brainysoft system, we recommend reviewing: Contract Management Guide.

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Main Functionality:

• Contract creation and configuration: Setting up loan parameters, including amount, terms, interest rates, and penalties.
• Payment schedule management: Automatic generation and adjustment of schedules.
• Transaction processing: Loan disbursement, repayment, interest and penalty accrual.
• Monitoring and reporting: Viewing all transactions and movements on the contract.

This section will be useful for users working with loans and credits in the Brainysoft system.