Lending - the challenges

 

The financial services industry is tough, fast moving and under stringent regulatory constraints.

Firms are under increased pressure to adapt to new rules and improve visibility and compliance while controlling cost. They end up having to deal with a myriad of disparate legacy applications often a mix of on premise and cloud software that often come with inconsistent data and waste of resources.

 

best-loans-accounting-software
 

Empower users to make better decisions faster


  • Reporting and analytics in a familiar environment
  • View data inside Excel or Microsoft Power BI
  • Access dashboards and reports on the web or from a mobile device
  • Eliminate any need to understand the underlying data structure
  • Gain valuable business insight from day one

 Integrated-loans-accounting


Integration is the way forward


  • Turn you multiple disconnected loan accounting software into one
  • Boost Efficiency with automated tasks and workflows
  • Get a complete picture of the business
  • Ease up administration and security management

 

 easy loans accounting software


Rapid Time-to-value

 

  • Familiar interfaces, industry standard user experience
  • Start from a standard template setup with 'RapidStart' tool
  • Local country specific localisation includes local regulatory requirements
  • Customer proven and Microsoft certified solution
  • Customisable to meet the most demanding lease accounting software

 

 

Key features

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Complete Back-Office operations

 

With unlimited number of entities, you can easily create or copy companies with the ‘RapidStart’ tool.

This part of the software provides out of the box financial statements, budgets, receivables and payables, fixed assets, cashflow forecast, VAT and consolidation modules.

Use industry standard XBRL for your regulatory reporting.

 

 

Modern cash management

 

Generate bank payment files in ISO20022/SEPA format or use the Bank Data Conversion Service for generating the appropriate electronic payment file for your bank.

 

Create direct debit collections, import bank transactions and bank statement data from electronic files sent from your bank. Generate computer printed checks.

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Versatile Loans and deposits modules

 

Choose between Interest only or amortization loans, Fixed rate, variable rate loans and deposits.

Create calendars to match with your markets. Use Loan balloon repayment date, increase decrease capital, early repayment, capitalize interests and payment holidays.

Setup bundles of loans, use dimension codes for analytics and split ownership. Pledge the loan against an asset or a portfolio.

 

 

Lend to Customers, borrow from banks …

 

Lend or borrow directly through the customer or bank.

Linking loans with bank or customer accounts will process the relevant entries in the sub-ledgers. Customer credit control and cash receipts is all done using the fully-fledged receivable and bank account modules.

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Automate your loans receivables

 

Apply incoming payments to related loans ledger entries and close the related borrower invoices or credit memos as paid. When all payments are applied, electronically reconcile bank accounts.

Perform online reconciliation of bank transactions with bank feed integration. Choose direct bank feed imports or automated feeds using Yodlee. Update borrowers payments automatically based on data from bank information.

 

Account Schedules, you are in control

 

Use account schedules to define row and column structures, conduct analysis in-page or on screen, and export to Excel to analyse and compare general ledger entries to budget.

Easily create your own key performance indicators. Use account schedules to generate charts and graphs on your home page. Calculate profit margins on departments, product lines, or borrowers groups.

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Multiple Currency, we go further

 

Manage loans in the currencies needed, and record sub ledger transactions in different currencies.

Be ready for global businesses with automated currency posting, translation, and reporting. Ease or eliminate the calculations to present invoices and receive payments in local currency.

Allow managers to converse in local languages and currency while managing in a single currency.

 

Budgets, an essential tool

 

Improve your organization’s flexibility to develop, modify, and control budgets so you don’t get overextended.

Focus business performance through better revenue and expense accountability. Reach goals quicker with estimating tools that provide income and expense reporting by prospective jobs.Track budget versus actuals and stop over- spend before it’s an issue.

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Contact management

 

Create contacts and groups to support your business relationships.

Manage your contacts within Outlook or integrate with Microsoft Dynamics 365 for deeper contact management capabilities.

Streamline your contacts and investors communication, respond to prospects faster.

Get a complete overview of interactions and accounts status.

 

Role-specific customisable profiles

 

The ‘RoleTailored’ user interface design provides a quick overview of the relevant information.

The system can be easily personalised to adapt to each role with tailored-made dashboards.

 Front-Office, Middle-Office and Back-Office profiles are provided as default.

 

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Start a free trial of Elysys Loans, or contact an Elysys sales representative to answer your questions or help you locate a partner

Built on Microsoft Dynamics NAV, Elysys Loans is the next generation of intelligent business applications that enable organizations to grow, evolve, and transform. To help get you up and running quickly, Elysys Loans is sold by a network of reselling partners that offers both technical know-how and industry expertise. Whether you prefer a partner located near your business or one with specific industry knowledge we can help get you started.

 Request a Consultation