Speaking about the order, Laser Soft's managing director B Suresh Kamath, said, "Loanflo would help banks to automate the complex corporate loan processing function. This would be useful in processing loan proposals for big, small and medium enterprises."
According to him the product is a workflow-based solution, integrated with credit appraisal and document imaging. This product can be integrated with any core banking solutions of the banks.
"Loanflo will be implemented in The South Indian Bank in three months," says Kamath.