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Description
When loans become problematic, managing and recovering them can prove to be quite difficult. Although they may be sidelined in your financial records, they remain a crucial aspect of your overall financial health. The Charge-off Loan Tracker (COLT) simplifies the process of handling these troublesome loans. Since 1987, COLT has been a vital tool for financial institutions seeking to manage and recover charge-offs effectively. Its user-friendly interface will leave you impressed, as it seamlessly tracks outstanding balances while calculating interest, adjusts to new payment conditions, produces board reports, and more. If there’s a possibility of recovery, COLT equips you with the necessary tools to pursue it. By streamlining the management of bad loans, COLT allows you to focus your energy on more lucrative opportunities. It offers comprehensive tracking for principal, interest, and fees, supports various accrual methods, and employs transaction-based accounting. Additionally, it provides adaptable repayment terms, borrower invoicing, and correspondence, while also ensuring complete shadow accounting. With features like automated 1099-Cs that interface with the IRS, a documented audit trail, and a powerful reporting engine, COLT is the solution you need for effective loan management. In short, utilizing COLT not only enhances your collection efforts but also significantly improves your financial efficiency.
Description
EasyInterest is a powerful, flexible tool designed to help small business owners get paid on time by automating the calculation and application of interest on overdue accounts. Manual interest calculations are often tedious and slow, but with EasyInterest, the entire process can be completed in under 15 minutes. The tool integrates seamlessly with popular accounting platforms like Xero Accounting and Sage Cloud Accounting South Africa through real-time syncing. Users can customize interest rates to suit their business needs and apply charges in bulk, reducing administrative workload. Additionally, reversing previously applied interest is quick and straightforward, making the software adaptable to changing situations. EasyInterest helps businesses maintain cash flow by simplifying late payment management. Its user-friendly interface ensures that even non-accountants can use it effectively. This solution saves time and improves financial control for small businesses.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Integrations
ASC
BAM+
Experian Aperture Data Studio
FIS Telephone Banking
Fiserv Engagement Advantage
Fiserv Mortgage Director
Loan Producer
LoanServ
OpenClose
Sage Accounting
Integrations
ASC
BAM+
Experian Aperture Data Studio
FIS Telephone Banking
Fiserv Engagement Advantage
Fiserv Mortgage Director
Loan Producer
LoanServ
OpenClose
Sage Accounting
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$11/month
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Lowenstein and Associates
Founded
1986
Country
United States
Website
laapc.com/charge-off-loantracker/
Vendor Details
Company Name
EasyInterest
Founded
2022
Country
South Africa
Website
www.easyinterest.co.za/
Product Features
Loan Servicing
Accounting Management
Amortization Schedule
Application Management
Auto Loans
Automatic Funds Distribution
Business Loans
Collateral Tracking
Collections Management
Compliance Management
Construction Loans
Customer Database
Fee Management
Investor Management
Loan Processing
Student Loans