LENDING MANAGEMENT

Announcing Lending Management

We're excited to announce that Lending Management is generally available in the United States. Lending Management gives you the tools to manage loans through their full life cycle—from origination to payoff—for both revolving and non-revolving loan instruments.

Lending Management transactions are posted in real time and data is synchronized seamlessly. Lending Management synchronizes with Order Entry to provide invoices. Order Entry transactions are posted automatically to Accounts Receivable and General Ledger. Lending Management interacts with Accounts Payable for Loan Disbursement.

Key features

Manage the loan lifecycle

• Create a loan (including creation of a bill in Accounts Payable to pay the loan origination amount to the borrower).
• Generate amortization schedules.
• Calculate and post interest.
• Invoice customers on a recurring basis.

Process transactions

• Receive payments by cheque, cash, credit card, or funds transfer.
• Receive overpayments any time and apply them to future payments or reamortize the loan.
• Calculate interest.
• Create fees and adjustments.
• Generate statements.

Run reports

• Create and print a variety of easily customizable aging and receivables reports and graphs. Available reports include the customer list, AR ledger, customer aging reports and graphs, and loan history report.
• Lending Management comes with standard reports that you can run immediately.

Permissions and other requirements

Subscription	Lending Management
Regional availability	United States