Another feature that is unique to our loan management software is that syndicated agreements can be structured in ASSET to support finance arrangements with many investors. All aspects of one lease or loan agreement can be shared in any proportion you choose, including payment streams, residual values and add-hoc fees. ASSET will then create multiple amortization schedules for the agreement, presenting the numbers from the customer’s perspective, your perspective and each partner’s viewpoint.
Once the contract is active, all financial transactions on the agreement, from booking, billing, cash applications, income recognition and early termination, are automatically managed at the partner level on your behalf. ASSET will seamlessly manage the complexities of what could be potentially hundreds of transactions under one agreement number.
By establishing different general ledger accounts within ASSET for each financial aspect of the agreement based on your partners’ accounting requirements, you can manage the books of many financial organizations from within one system.