Product Features
WoodCore is a modularized core banking system, completely decentralized with diverse functionalities to simplify banking and financial activities within a softwares
Customer & Account Module
WoodCore provides your company with a 360 degree view of your customers to ensure that your customers satisfaction is maintained at high levels throughout the organization with every customer interaction so that your company's revenue and profitability goals are met or exceeded.
Know your customer (KYC)
Image and Signatures
Country or Regions specific details
Customer Charge management
Account Management Module
Deposit Accounts
Provide your customers with different deposit account types for businesses and individuals in your institution. It just got easier, WoodCore allows you to have a wide range of account deposit account types that can be customized to suit your purpose and dynamically integrate complex calculations to promptly estimate various rates
Savings Account
Current Deposits
Corporate Accounts
Overdraft Account
Loan Accounts
The whole life cycle of a loan from preparation to when it is posted in the General Ledger till when repayment begins to happen, you have no cause for worries with WoodCore. We let you stay in charge by allowing you to easily modify loan conditions and your loan process.
Loan Origination
Loan Disbursement
Loan Management
Loan Reconciliation & Repayments
Deposit Accounts
The fixed deposit module, just like the deposit and loan accounts, our system gives you the freedom to make some customizations that suits your organization.
Banking Products Module
1
Loan Products
WoodCore provides you with the flexibility to create various loan products that supports all standard interest calculation methods, the ability to schedule any irregular or non-traditional financing deals and much more.
2
Deposit Products
Provide your customers with a range of deposit products that will allow them to grow or increase their initial deposit. WoodCore provides your employees with higher productivity and saved time for value-added customer service.
3
Fixed Products
Easily provide your customers with various plans for fixing their deposit with your institution. WoodCore is fully automated giving you control over the process. State your conditions & let WoodCore do the rest of the job.
Charge Management Module
Overdraft Charge
Use WoodCore to implement an overdraft charge and configure specific conditions that suit your organization.
Deposit Charge
Automate the process of charges on deposit accounts or products. WoodCore allows you configure when a charge should be made and how it should be recorded is automated.
NIP or Interswitch Charge
Pre configure all kinds of charges, NIP, Card, Overdraft and any relevant charges applied to customers account.
NIP or Interswitch Charge
The life cycle of a loan can be fully automated and seamless with the help of WoodCore. While you have set configurations in place, WoodCore will ensure the right actions are taken on loans disbursed to your customer.
External Integrations
NIP Transfer
Integrating with our transfer service provides you with the seamlessness you need. Your customers will be able to perform inter-bank transfers and you do not have to integrate with another service for this. Think this, Woodcore is everything your bank needs to run efficiently.
SMS Notification
Woodcore provides you with an SMS notification service which can be utilized for your customers. A friendly rate for transfer alerts, OTP and other SMS notifications.
Bank Verification Number
We provide you with an all in one solution that can also be utilized to verify the identity of your customers without depending on any third party service.
Accounting Module
1
Chart of Account
Put a structure around your entries. WoodCore provides you with a configurable chart of account which will aid how entries are being posted in your organization.
2
Journal Entries
WoodCore provides you with options for your journal entry. Whether you like to keep it manual or fully/partly automated.
3
Accounting Rule
Put accounting rules in place that will guide how debit and credit accounts available for posting transactions are defined.
4
Accrual Accounting
Configure your back office to allow accrual accounting and let WoodCore manage the rest of the process, even after there is cashflow.
Pricing
WoodCore gives you the best pricing for a banking system. Smooth deployment, easy to use and adaptable too. Woodcore gives you at least 50 users for your back office (for more users, contact us).