Business Software, Consulting and Development

Loan Management System

In need of professional, easy to use and efficient lending software within Sage Evolution?

We developed a system/add-on for Sage Evolution that allows you to capture, maintain, calculate and track your company’s borrowing and lending. The Loan Management System (‘LMS’) gives you complete control of your lending products.

How does it work?

LMS allows you to:

  • Store and track key information: capturing of information used for calculations or reports (e.g. name of loan, agreement date etc.)
  • Interest calculation options: clients can select for each loan whether the interest is subject to a fixed interest rate, should be simple or compounded and which day count convention should be used in the calculations
  • Automation of transactions: creation of the calculated interest transactions is automated. No need for the user to remember to carry them out (at particular times)/type individual line entries separately.
  • Posting and integration with Sage Pastel Evolution: in order to use LMS, the user must have Sage Evolution. However, transactions in LMS do not need to be posted to Evolution. At any time the user can post and check the loan record. LMS easily marks and keeps track of the transactions in the loan record and can give a detailed report on it.
  • Multicurrency: unlimited foreign currencies can be set up. LMS home currency corresponds to the Evolution home currency.

Additional features

  • Assignment of loans: LMS software automatically closes down an old loan and create a new one when another party is taking over the loan received/given (or 2 new loans when LMS is the middlemen between two parties)
  • Database comparison for group companies: The relevant database can be linked when maintaining loans for multiple companies
  • Data protection and security: Multi-password protected users (groups)/control access
  • Document storage: storing and saving documents independently or linked to loan records; can be downloaded later on
  • Reports: detailed info about each loan (all info required for financial statements in home and foreign currency); flexible, clear, comprehensive reports
  • Customisability: customisable grids and layouts/skins
  • Flexible search options: loan grids contain all info field about all loans; user can create filters, sort and group on any available field