Our solutions are natively built on the cloud so our clients can concentrate on their core business without worrying about IT infrastructure. With Cloud Lending lenders can scale, quickly bring products to market, stay compliant and focus exclusively on their borrowers.
The way that the integration is designed is by using Cloud Lending’s loan management tool as a sub ledger to the Accounting Seed General Ledger. Since the integration is fully automated on a single platform the sub ledger will auto populate into the General Ledger. This integration is advanced and can handle complexities such as:
- Splitting of loan payment between the principle and interest amounts
- Recording loan origination
- Recording loan funding
- Loan balance tracking
- Interest paid to date on a loan
- Interest paid in any accounting year or periods on a loan