Streamline. Track.
Finance Loans

AcuLoan calculates interest on daily balance using fixed or linked interest rates, and capitalised monthly. Use Acumatica CRM to process the loan application, collate documentation & quote the customer. Standard functions & reporting include Settlements, Loan Restructures, Write-offs, Payment & Debit Order Processing, Age Analysis, Collections and Interest Rate Changes. AcuLoan may be used for Debtor & Creditor Loans in combination.

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LOAN INFORMATION & MANAGEMENT SYSTEM

Handle all types of Finance Loans within the Acumatica Framework such as installment sales, staff loans, student loans, term loans and many more.

Utilise CRM Power

ACQUISITION TO APPROVAL WORKFLOW

A loan prospect is registered and routed in Acumatica CRM through a defined workflow to ensure that all the relevant documentation is provided, reviewed, and filed for future access in the document management system. Identification, affordability assessments, collateral and other information regarding the loan application may be stored. A loan pipeline dashboard will display the applications in stages of acquisition and provide a monitoring and management tool. Audit trails of applications and approvals are maintained for future ease of reference.

Record Loan Activities

INTEREST, ADVANCES AND REPAYMENTS

Take away much of the effort required, improve the accuracy and auditability of loan management and ensure that your loan book is easily, accurately, and efficiently managed. The loan record will contain all the relevant information gathered during the origination process and will additionally record all activities relating to the loan. Notes, tasks, alerts, and other information is stored centrally to enable a complete record of the interaction with the borrower to be recorded and shared.

Auto Payments

MANAGEMENT INFORMATION

Loans may be collected or paid through a debit orders collections routine that creates a debit order proposal and a file for transmission to the banking system.The AcuLoan dashboard will not only provide management information regarding the total loan book and interest earnings but will also provide information on the quality of the book and a call to action with loans in arrears. Additionally, funds can be allocated to single or multiple loans, offering flexibility and precision in managing your financial operations.

Daily Interest Balance

INTEREST METHODOLOGY

At the heart of the module is the interest methodology which calculates interest on a daily balance – Nominal Annual, Compounded Monthly – NACM. Loans may be term loans with or without a residual or an open loan with no set repayment structure. Use AcuLoan to correctly allocate the Principal and Interest components when posting to the General Ledger.

Loan Management Tools

FOR INDIVIDUALLY AND GROUPED LOANS

It offers a powerful set of tools designed to manage loans effectively, whether they are handled individually or grouped within defined and regular processes. These processes can be scheduled to automate repetitive tasks, increasing efficiency.

Live & Real-time Data

UP-TO-THE-MINUTE INSIGHTS

A comprehensive suite that operate live and in real-time, ensuring you have valuable insights into your financial data. Additionally, the age analysis feature includes dynamic age analysis based on the payment day, giving you accurate, real-time information to make informed decisions.

Frequently Asked Questions

AcuLoan functions like a banking system and once a period is reconciled and closed, no further postings are permitted. A single transaction can be posted together with an interest rate adjustment in the current period.

Like all Acumatica processes, the Interest Capitalisation will generate a list that can be reviewed and released by a user with the necessary rights. In the event that it is released in error, it can be reversed provided that the loan period has not been closed.

AcuLoan can accommodate both interest-bearing and non-interest-bearing parts of a single loan. In the rules, you decide to which portion payments are applied to first.

Yes, loans lists can be on defined based on aging rules and used to create a CRM Case. This is not standard functionality but is relatively straight-forward to accomplish using the Acumatica tool set.

AcuLoan uses Acumatica’s document management capabilities and every document is searchable through the Universal Search function in Acumatica. This makes finding a particular document as easy as simply entering the name or a part of the name in the Universal Search and all the results will be returned in the “files” section. These can be further refined as required.

Streamline. Track. Finance Loans