Calyx Point vs. FinnOne Neo

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Calyx Point
Score 5.3 out of 10
N/A
Calyx Software offers Point for mortgage officers, software supporting the loan lifecycle from prequalification to processing.N/A
FinnOne Neo
Score 6.9 out of 10
N/A
FinnOne Neo is an automated, workflow-based and technologically advanced lending solution that provides loan lifecycle management capabilities, available on-premise or from the cloud. It enables customers to digitize and automate their processes, launch tailored products, and offer services across multiple channels. FinnOne Neo helps digitize the complete loan lifecycle end to end, from initial contact with customers and helping make better credit decisions faster to loan servicing and…N/A
Pricing
Calyx PointFinnOne Neo
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Calyx PointFinnOne Neo
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Calyx PointFinnOne Neo
Top Pros

No answers on this topic

Top Cons
User Ratings
Calyx PointFinnOne Neo
Likelihood to Recommend
2.5
(2 ratings)
8.2
(3 ratings)
User Testimonials
Calyx PointFinnOne Neo
Likelihood to Recommend
Calyx Software
It gets the job done for initiating loans. I can't say anything about the marketing tools as I haven't used them but as a de facto technical support person in the company, I have helped many of the loan officers resolve issues (or inform them they are not resolvable yet). One limitation I ran into was property and loan matching. The system allows one property to be matched with multiple liabilities but not the converse. For an investor with a portfolio loan, it was not possible to show one liability relating to multiple properties. This required workarounds. The field for entering properties is very small in list form making review difficult when there are more than a few properties. The interface could be more adjustable. Overall, the program is not well-liked by the loan officers who would prefer a more modern platform, though all surely have some drawbacks. The program appears to have many functions we do not use and it would be preferred if the ones we use worked better.
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Nucleus Software Exports Ltd.
FinnOne [Neo Cloud helped] with the complete loan lifecycle from the first time a customer contacts us all the way to the end. It helps with better loan decisions. We use it to process a lot of loans and we like the faster process and the paperless process as well. I cannot think of anything negative to say about this system.
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Pros
Calyx Software
  • I can’t say
  • I don’t have any examples
  • The suite is a constant thorn in my side
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Nucleus Software Exports Ltd.
  • Process automation across banking use cases like customer onboarding.
  • Multi dimensional reporting analytical view.
  • Open integration platform.
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Cons
Calyx Software
  • There is lots of room for improvement as there have been many bugs in the implementation of the new format. Responsiveness to customer needs was inexcusably slow for a change that was years in the planning.
  • Many of the calculations seem inconsistent on Fees Worksheet and other pages, including differences in how the information appears when printed vs onscreen.
  • The menus are not intuitive and could be much better.
  • The user interface is archaic.
  • Field links do not work correctly and take a long time to be corrected.
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Nucleus Software Exports Ltd.
  • The interface could be improved because there is some confusion in certain areas that need to be more friendly and clear.
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Alternatives Considered
Calyx Software
There are several other products available that we will consider when we are able to upgrade from Calyx.
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Nucleus Software Exports Ltd.
FinnOne [Neo Cloud] is at a lower cost. it provides better efficiency and an improved workflow. It saves time and storage with its paperless function. It helps with organizing and managing customer data. Provides superb loan making decisions. It is easy to use and implement in an organization. Overall it makes things work smoothly.
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Return on Investment
Calyx Software
  • The learning curve to proficiency is steep
  • My goals of developing a smooth workflow [are] hindered by the lack of Point’s intuitiveness
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Nucleus Software Exports Ltd.
  • Improved business revenue.
  • Less user drops.
  • Analytical information.
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ScreenShots