Embrace the Odyssey

Odyssey provides electronic interface with banks and payment gateway providers. The system transmits generated files to the bank for collections and payments as well as receives bank statement files for rejections and bank reconciliations.

Acceptance of Fee Finance agreements can be activated online by adding a link to your Accounting System invoice (eg Xero). Your clients can complete the finance application and the client and invoice information are automatically transferred.

Odyssey offers multiple methods of collecting payments from clients or sending payments to creditors. These include:

• Direct Debit
• Periodic payment for customer initiated transfers
• Manual (cash, cheque)
• Credit Card

Creditors can be paid by cheque or direct credit. Individual creditor can be paid by different methods for various transaction types – e.g. settlement, commission, or sundry. Remittance advices can be printed or emailed.

Odyssey provides users, managers and auditors with the ability to track changes to sensitive areas, such as loans details and client or creditor information, through the use of a time and date stamped notes system. 

A sophisticated permission-based user login and password system allows menus to be configured in-house to limit access to different user groups according to requirements. All access is recorded in a security log.

Odyssey General Ledger system has the ability to drill down on any entry to trace user, time and date posted as well as associated entries.

Odyssey is a cloud based application offering secure online access to authorized parties 24 hours a day, 7 days a week. Your Odyssey system can be accessed in the office via your computer or out on the road while visiting clients via your mobile technology such as a tablet or Smartphone. The ability to provide instant quotes, access loan statistics and gain electronic approvals streamlines business operations, reduces application processing times and offers greater flexibility for intermediaries, agents and clients.

Odyssey allows end borrowers to access the loan online, thus eliminating the time consuming need for signatures and return of paperwork.

This streamlines the process and reduces the time from the borrower receiving the quotation to their acceptance dramatically. Their accepting of the loan online can then trigger the auto approval process, and if successful, the debit for the first repayment. To see how online acceptance works, please click here.