Finflux Reviews

Fabulous Product | Highly Configurable

Comments: Highly motivated team and leadership. Stable and scalable product.

Pros:

1. Highly configurable.2. Good UI3. Data accessibility is well defined through API's and DB calls.4. Manages the compliance part for user Management, Accounting and trails.

Cons:

Nothing as such... I didn't find anyshortfall.

Finflux and Baiju Finance

Comments: They are solving our operations problem by providing us a platform for managing our disbursed loans and keeping track, creating reports, creating new customers, and much more all in a single place

Pros:

The platform is extremely helpful for our NBFC but the best part is how fast they respond to custom queries and updations in the software, and go out of their way to help their customers, providing a great user experience.

Cons:

There are no downsides. Have been using the software for a year now and can confidently say, we are satisfied

mostly standard software which needs a lot of tweaking for non-standard products and reports

Pros:

easy to use and navigate for standard users, everything in one place (operations and accounting), flexibility to include new/customized reports

Cons:

sometime too standard (meaning a lot of work around for adjusting to non-standard loan products); sometimes inflexible for requirements (software made for SHG and JLG approach in India becomes often visible); better customization options would be appreciated; MIFOS lacks behind with features like offline / app / sms functions etc and it long delays in developing them; many troubleshooting is required and we have to scale up issues to the service team nearly weekly

Professional and supportive

Pros:

Product is simple, accurate and easy to use

Cons:

UI looks a bit outdated but doesn't affect the functionality

I have been using finflux sincen 2016 and had the experience of implementing the system on premise

Comments: 1-Direct integration with our external system using Finflux's API
2-Easy flow of data entry process
3-Improving the speed of our overall business processes

Pros:

The overall functionality of Finflux delivers a stable and efficient environment. During the implementation i didn't find difficulties during migration nor implementation of the system Users never had any complains about the easiness of flow while working and using Finflux on a daily basis So as an overall we are satisfied with what Finflux provides as services

Cons:

The UI is kind of standard with its design, so a little improvement with the design would be a good touch. There are some challenges with the bulk transaction usability in the system. especially for MFIs who import daily bulk transactions like al Majmoua. The system lacks proper documentation. Sometimes when a version is released you have to find your way in understanding how some features work. The configuration part of the system also needs detailed documentation to be more understandable. Along some documentation about database optimization for large institutions would be good too

Fast Implementation and outstanding customer support.

Pros:

- Fast implementation - Cloud-based on reliable servers - we receive customer supports withing 24 hours. - When we mess with something they don't find fault they find a remedy. - Always available customer service (Sometimes we get supports even late night.) - Lots of Features & Functionalities - Monthy updates and enhancements to the system. - If you ask them to walk with you 1 km, they will come with you 2 or more Km. That's how they win trust. - Affordable

Cons:

- Some functions (2 or 3)need more localization specially CRIB and other interrogations. But we have a great hope this also will available soon.

Review on FiNFLUX

Pros:

I really like to say FiNFLUX solving difficult problems for Core banking salutations , building the perfect elegant solution. Management can focus on their core Business rather than operational function issues. can reduce Operational cost for using FiNFLUX. It is user friendly very easy to use staff are more happy to use and their productivity and efficiency increased.

Cons:

Need to improve new functions like Internal Audit tool etc

The Finflux Dashboard provides us with complete information

Comments: Overall my experience in using Finflux is very good.

Pros:

The Finflux dashboard is very powerful as it shows us all the collections & repayment stats in one place

Cons:

When reports are downloaded, sometimes figures are not accurate

Finflux, banking platform for NBFC, Lending institutes and Micro-finances

Comments: FInflux helped our operation team to reduce the TaT for disbursing the loans, faster onboarding of JLG and Centers. helped in reducing manual data entry error by digitizing the entire loan origination process, Aadhar based on KYC and data capture, automated CreditBureau inquiry and rule engine to make better decisions.
Highly recommend the Finflux system for NBFCs, MFI and Lending FinTechs

Pros:

1. Ease of use 2. Less manual intervention to complete most of the tasks 3. Reporting and Analytics features 4. Out of the box third-party integrations like Credit Bureaus (Highmark, Cibil, Equifax), IndiaStack, CYCK, Banking API, UPI

Cons:

1. The mobile app has limited functionality 2. User manuals

Disbursements made simple. Finflux Review.

Comments: Overall experience with Finflux is good, but delivery timeline of updates needs to be improved.

Pros:

Finflux data management is one of the best in the market, making this feature a must have.

Cons:

Customer/client management can be made better, such as client duplication & management.

User Friendly!!! Easy to use Application!!

Pros:

Handy & Great Ease of Use. User friendly loan management system. Some of the best features of the Finflux system is its ease of use; the entire system is very handy even for a beginner & overall it makes loan management extremely user friendly.

Cons:

Timeline of report generation needs to be reduced & management of active loan portfolios can be made better

Easy & Timely Generation of Reports & Other Functions

Comments: Overall experience has been good but Finflux can be made better

Pros:

User creation & generation of new clients is very easy and it saves us a lot of time

Cons:

Sometimes there are systematic errors such as wrong calculations

Finflux is simple, flexible and scalabl, and comes with minimum learning curve across all user level

Comments: We where able to scale our business from day zero, and we where able launch new branches and products with ease

Pros:

Ease of use, low learning curve, great support. Product has loan origination, marketing suite and flexible LMS module that support all type of loan proudcts

Cons:

Minimal set of standard reports, accounting module is very limited, no support for taxation, budgeting and other advance needs are not met

Streamlined Ease of Use and Database Management

Comments: Overall my experience with Fin flux has been good and up to the mark

Pros:

Fin flux is very easy to use one of the best features is how easily we can search for existing customer details, making the entire process faster

Cons:

No cons in the software as of now as i am new user

Best Loan Management System for Startups

Pros:

Overall it is good software and worthy software. A person needs to understand the software and then they can use it very simply.

Cons:

Sometimes a bit confusing but nothing you can not acquire.

Mostly good, support has been great.

Pros:

Allows our staff to capture client data live in the field. Allows our staff to see live data about their portfolios.

Cons:

Frequently stops working. Fortunately the app recovers from crashes fairly gracefully, but it is still a source of annoyance when it occurs.

The overall experience is good, though the system needs a more detail testing of functions

Pros:

The system functions as it needed to be, and is based on many micro finance company. The most common functions have a nice documentation online, and the support is being given in a timely manner.

Cons:

Some of the filters, and functions are not working as expected, and some errors have no proper description.

Best NBFC Software for Startups

Comments: Excellent

Pros:

Ability to solve all our pain points, Great Team and amazing onboarding experience

Cons:

Would like to have more API Integrations.

We have a great working relationship with the support team at Conflux.

Pros:

I like the fact that Finflux is accessible remotely - we have been able to give field staff real time access to reports and information.

Great Product

Pros:

The team managing the finflux is great and the support we get from them is really helpful.

Cons:

Some more features can be added like generation of reports at users end.

Great product for nbfc

Pros:

Product Features Ability for customization

Cons:

User interface can be improved At times it is slow

Feedback

Comments: Good

Pros:

This is the great software for the users.

Cons:

I have nothing to complain about this software.