A specialised rental finance module has been supplied, installed and implemented for Phakalane Estates, a large Botswana-based township and property developer, by Accpac ERP, Accpac CRM and Sage ERP X3 financial and accounting software supplier and implementer Lorge, a Logic Group company.
Denzil Moorcroft, business development manager for Lorge Botswana, says the niche application offers businesses a multi-user consumer/enterprise finance administration system.
“The software includes comprehensive management solutions in the fields of instalment sales, bridging finance, mortgage finance and revolving credit transactions and is therefore well suited to the needs of Phakalane Estates.”
Moorcroft adds that multiple users have access to the system, which assists them in the specialist financial requirements of their activities such as property development, infrastructure development, project finance and management and commodity trading.
The software also administers client details, multiple accounts per client and transactions through the entire contract cycle. It has user-defined account type parameters and offers repayment plan maintenance, including multiple revisions when circumstances change, early settlements, rate changes and comprehensive user access control.
One of the largest citizen-owned township and real estate providers in the private sector of Botswana, Phakalane Estates has also developed the only Golf Estate in Botswana with an 18-hole PGA course. The company facilitates innovative property finance and the company brands Phakalane and Botswana as Simply Unique Africa.