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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

Averoic is a no-code platform designed for executing governed and audit-ready business processes, serving as a quicker and more flexible option compared to traditional ERP systems and the use of spreadsheets and emails for operations. Users can easily set up complex workflows and approval systems (featuring maker-checker processes with authority limits), as well as manage forms, data collection, dashboards, and reports, all while implementing attribute-based access control that defaults to denying access and ensuring a tamper-proof audit trail—resulting in a fully configured system that can be operational in just weeks. The platform offers pre-built templates for various functions, including loan origination, governance for credit and investment committees, insurance claims processing, procure-to-pay cycles, vendor onboarding, finance postings, and payroll management. It boasts seamless integration through REST APIs, various channels, and robust service tasks, incorporating features for document generation and real-time notifications. With an AI assistant that can create apps, forms, and workflows using straightforward language, Averoic also ensures per-tenant isolation and data residency options on AWS, whether in the cloud or on-premises. Currently deployed at UTI Alternatives, Averoic has achieved up to 60% faster time-to-market for launching new lending processes, demonstrating its efficiency and effectiveness in streamlining business operations. This enables organizations to stay agile and responsive in a rapidly changing market.

Description

Lokta Core serves as an AI-centric loan management platform tailored for banks, NBFCs, and digital lenders aiming to streamline modern lending processes while maintaining control, compliance, and autonomy. It seamlessly integrates AI workflows that your teams are currently experimenting with, including agentic servicing, intelligent collections, and copilots for credit operations, ensuring they operate directly within the same record-keeping system rather than as separate add-ons. For a CXO considering immediate changes, three notable improvements emerge on Monday. Firstly, the speed of product launches significantly increases: new loan offerings and policy modifications can be implemented in mere days instead of taking several months, all thanks to a governance-first and policy-driven framework. Additionally, the overall operational costs decrease as a unified, audit-ready system supplants a patchwork of loan management systems, business rule management systems, collections, and reporting tools. Lastly, the platform is inherently AI-ready; every action taken—whether by an operator, customer, or agent—is governed by policies, enforced by a maker-checker approach, and substantiated with evidence, allowing the AI initiatives your board is inquiring about to be put into practice effectively. Furthermore, Lokta Core offers flexibility in deployment options, allowing you to choose between managed SaaS and single-tenant cloud solutions to best fit your organization's needs. This adaptability ensures that you can optimize your lending operations while making the most of the latest technological advancements.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

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Screenshots View All

No images available

Integrations

No details available.

Integrations

No details available.

Pricing Details

Free tier; paid plans per user
Free Trial No 
Free Version Yes 

Pricing Details

$1000
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises Yes 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises Yes 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Averoic Digital Group

Founded

2026

Country

India

Website

averoic.com

Vendor Details

Company Name

Lokta Tech Pvt Ltd

Founded

2025

Country

India

Website

lokta.ai

Product Features

Business Process Management

Access Controls / Permissions No 
Alerts / Notifications No 
Business Process Automation No 
Business Rules Management No 
Collaboration No 
Process Change Tracking No 
Process Mapping No 
Process Modeling & Design No 
Visual Workflow Management No 

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