NetLoan for NetSuite
Loan management for lenders & borrowers
Embedded in NetSuite
For lenders and borrowers
Single-click loan automation
Loan management tools built for NetSuite
Simplify and automate your ever-changing principal and interest accounting.
Embedded in NetSuite
Keep all your loan
details in one place
Post directly to GL
Reduce uneccessary touchpoints
Looks and feels just like NetSuite
Advanced lender features
All-in-one lender
management tools
Generate customer statements
Flag overdue statements
Charge late fees
Single-click process automation
Streamline your loan
management process
Replace Excel spreadsheets
Simple modifications and exceptions
Automated invoicing
Trusted by thousands of public and private organizations worldwide
See how the relationship between the principal and interest of a loan changes over time. NetLoan automatically generates journal entries that change each month to reflect correct allocation between payment and interest.
Integrate billing with vendors or customers, removing the disconnect between lease payments and lease journal entries, and identifying payment errors in real-time. Say goodbye to the dreaded month end lease payments reconciliation process. For borrowers, NetLoan maintains direct links to the vendor bills and loan payments. For lenders, it links to the customer invoices and payments.
Forecast payments, interest expense, and ending balances at any point over the loan’s life. Capture monthly payment details, allocation between interest and principal, and ending loan balance.
As a Native SuiteApp, NetLoan puts loan accounting where it should be — in your core financial system. Install NetLoan, and Netgain’s accounting processes and automation will be embedded into your NetSuite account, eliminating painful reconciliations, integrations and concerns about security and data integrity common with third-party apps.
Keeps information together for the entire life cycle of the loan and includes debt covenant monitoring. Includes origination date, initial loan balance, annual percentage rate, monthly payments, loan origination fees, down payments, and balloon payments.