Syndicated agreements can be structured in ASSET to support finance arrangements
with many investors. All aspects of the one 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. |
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