Who are we?
Where it began
Vector FinSoft is a Fintech software company that specialises in an end-to-end loan management platform called FoxHub. Based in the UK, it owes its origin to the parent company, Vector Holdings Ltd, an established finance lender that attributes its success to software that was developed in-house. Inspired by the radical change in their business from using their own loan management platform, Vector FinSoft was created to offer businesses the same winning platform in a commercial package.
Meet the team
Neil Dhanani
COO Vector Capital
Agam Jain knows more than most what it takes to oversee multiple successful businesses. While being the founder and owner of Vector Finsoft, Agam is also responsible for the strategic management of Vector Capital, a successful Secured Finance business.
Agam has become a highly respected figure in the finance industry with more than 20 years of establishing his finance business and also being a founder and former director of a listed company on the ASX.
Vik Parekh
Business Development
Vik Parekh is the Managing Director at Vector Finsoft where he has led the team to develop and commercialise FoxHub. After spending over a decade in senior operations roles for multi-million dollar brands, Vik knows what it takes to drive business and deliver outstanding quality products. It’s how well you connect the customer’s needs to a solution and how you can provide them a future of new business opportunities.
In addition to his extensive operations and sales experience, Vik has a broad understanding and experience in Finance which has placed him the role of advising the FoxHub development team. His knowledge and expertise in running Foxhub is highly regarded and he leads from the front in customer support. For Vik, there is nothing more rewarding than to see the success of businesses that implement FoxHub.
Vik holds a Bachelor of Commerce from BE College.
WJ Wain
Software Engineer
Billy has worked on developing the Vector software platform since 2015. As an authorised Sage integrator with over 3 decades of IT experience, he has led the way in developing all aspects of the software platform. Putting not only his heart and IT soul into the binary world of FoxHub, but his innovative approach and management skills also have contributed to the success of Vector Capital business systems.
Understanding lenders
Vector FinSoft developed FoxHub with the understanding that small to medium size lending businesses are required to be more efficient than ever before, with a critical focus on improving workflows, account transparency and cash flow status. Their ability to effectively manage financial processes, communicate with stakeholders and mitigate errors is crucial. Lending businesses migrating from paper and spreadsheet workflows to newer fintech software is prevalent in the fast paced industry and for many, choosing the right software can be the factor of succeeding or closing their doors.
The Solution
Loan management workflow
- Provides comprehensive management of a loan application from initial submission to redemption
- Quickly generate or modify products to offer brokers/borrowers
- Second charge lending can be setup and offered quickly
- Full line of sight to all accounts transactions, reducing premature taxation payments
- Missed payments are tracked and lender alerted to allow fast remedial action
- Reduced application hold up with progress auto-prompts and prompted approval stages
- Pre-built and customised email templates can be used within the softwares own mail merge
- All communication is logged and files can be uploaded for case archives
Financial management workflow
- Bespoke full reporting saves hours in reconciling
- All stakeholders (broker, clients, investors solicitors, against and networks) can be logged in to the system with line of sight to progress of each loan, including general updates, communication history and tasks completed.
- Accounts module provides the ability to defer postings
- Error correction is built in on related accounting entries, increase efficiency
Reporting
- Advanced reporting tool for custom reports (remote multi level access included)
- Generate full auditing reports with ease
Licencing
- One-time low cost install and setup
Fintech software market
Technology
Businesses who are new to cloud technology will be comforted to know that having real-time access to multiple users provides accurate synchronous workflows. Users can work remotely from the office and other external stakeholders can connect with custom privileges.
While from the front end, users will be pleased to see an intuitive dashboard that can be customised to reveal information they require. Further, the interface colours can be customised to make the look your own, with the option to white label.
Support is also available with plenty of training videos to assist navigate through the software and understand the tools available.
When it comes to security, FoxHub was developed within the Microsoft ASP.NET ecosystem using tough Azure server infrastructure. VectorFinSoft employs servers in the UK which come with high failover safeguards and a 99.99% SLA rating to ensure data is always available and protected.
What’s more, FoxHub is constantly updated from the cloud service side, with scheduled software updates to improve user experience and any security vulnerabilities.
When it comes time for a business to grow, FoxHub can accommodate with expansion of modules and API assistance for other third party accounting software, including SAGE.