Prime Square - PrimeSoft Solutions Inc.

PrimeSquare

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What is PrimeSquare

PrimeSquare is a digital platform that enables banks and financial institutions to efficiently process real estate Approved Project Finance (APF) and Non-APF projects.

The solution simplifies workflow complexities and improves lender’s management rules and policies.

PrimeSquare’s Project Tracking System generates precise property valuations based on an accurate automated valuation model, reducing the time taken in loan processing.

Why PrimeSquare?

The real estate APF & Non-APF market in India is growing, and banks, NBFCs, and HFCs are finding it challenging to efficiently manage their operations. PrimeSoft understands the business-critical challenges faced by the industry and is excited to introduce PrimeSquare, the solution to digitize APF processes.

Our digital offering is designed to address business-critical challenges and ensure that following objectives are met:

Faster onboarding
Quicker data entry, reporting, and decision-making
Centralized project data and documentation
Proactive risk identification
Information confidentiality
Effective project progress tracking
Collaboration across agencies and users
Interface with Loan Origination and Core Banking applications

Salient Features

Digitized Workflow

A configurable digitized workflow driven by entitlements optimizes the project approval process.

Builder Scoring Model

Define your parameters, rate a builder, and auto-generate builder score as per the city’s tier.

Deviation Management

Generate exposure and fraud deviations, and route the deviations to appropriate authorities for action.

Duplicate Project Checks

Configure checks based on the name and location of the project/builder to avoid duplication.

Risk Identifier

Restrict users from creating projects marked as negative, and avoid risks with the ability to define certain projects as negatives.

Pincode Mapping

Map projects to their geographical presence for the project allocation to the right person for decision-making.

Payment Plan Configurator

Configure payment plans for structure types and map projects to the appropriate state/city.

Geography-based Document Recommender

Get insightful recommendations based on documents applicable to a specific geography.

Agency Allocation

Allocate projects to various technical and legal agencies for submitting project verification reports.

iN-Communicator

Raise queries to stakeholders about specific data sets and track resolutions’ turn-around time.

TAT & Escalation Matrix

Define turn-around time for each step and automated escalations in case of TAT breaches.

Subsequent Valuation

Trigger subsequent valuation automatically for projects by defining the time frames as per state and city.

Track Price Movement

Arrive at a scientific valuation of the property at different stages of the project completion with an ability to get a historical view of the price per square foot.