At some point, many companies will either issue or have a need for loans. The task of managing those loans can get complicated, particularly because most companies do not have the appropriate methods to support their efforts. The process is often highly manual, and if there are technology systems involved, they typically are outdated, lacking in appropriate functionality, and do not work together with existing accounting/finance (ERP) software. The results are slow, error-prone, and expensive processes, often compelling staff to go “outside” those systems to bridge the gaps. That brings in a whole new level of potential for risk in the areas of security, auditability, and the ability to meet regulatory requirements. In addition, there is no easy way to get the full picture of the state of the loan—and that can be disastrous.
AKA’s DynamicsAdvantage for Loan Management, built on Microsoft Dynamics 365 Finance, addresses the critical components of loan management with the backing of a robust, ERP platform. DynamicsAdvantage for Loan Management provides you with the tools and functionality you need to manage the receivables aspect of your loan portfolio, including approving, disbursing, collecting on, and monitoring the availability of funds. Other features include: