Fully integrated with Serenic Navigator, Deposits and Loans offers the functionality you need to help reduce the complexity and time required to manage all your investment activities regardless of the number of depositors, loans or investment pools.
Serenic Deposits and Loans give you powerful deposit and loan automation, including calculation of interest, maintenance of principal payout and amortization schedules, and endowment investment activity. Deposits and Loans also:
- Maintains individual depositor account balances within pool or fund
- Allocates interest to depositors based upon standard rates or based upon investment gains and losses
- Automatically calculates the loan interest and principal
- Designates the loan with simple or compound interest
- Automatically releases loan proceeds through Accounts Payable
- Generates line of credit or amortized loans
- Sets up loan limits based upon user-defined amounts
- Assigns optional finance charges to overdue loan payments
- Includes and manages guarantors on loans