01/07
everydayloans implements complete lending solution from pancredit

New UK loans provider everydayloans has implemented a complete lending solution for its branch network from pancredit.  The browser-based solution that went live in the first branch in November 06 has now been deployed throughout 11 branches.  Customised for everydayloans’ specific requirements, the system delivers best of breed application processing, credit decisioning, servicing and collections functionality.

With rapid expansion plans, everydayloans needed a solution that was flexible, scalable and secure.  pancredit’s browser-based application was ideal as it is easily configurable, aids rapid deployment and requires minimal training as the company expands.

“We have a very clear picture of where we want to get to and pancredit has played a key role in helping us set up the system for the business. They have brought valuable industry knowledge and expertise to the table and shown flexibility and commitment in helping to get the job done.,” comments Danny Malone, chief financial officer at everydayloans.

Peter Constance, managing director at pancredit adds, “This solution offers the full range of functionality to support head office and branch functions.  The real challenge for us was to deliver all this within very aggressive timescales to support the launch of the business in November. The whole project from commencing requirements gathering to going live was around six months.”

ENDS