Average Ratings 1 Rating
Average Ratings 0 Ratings
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.
Description
Precision in the processes of accrual, accretion, and amortization must align with the existing Generally Accepted Accounting Principles (GAAP) regarding concessions related to debt, fees, premiums, discounts, and accrued interest, which are computed using a variety of day count methodologies, alongside adherence to the International Financial Reporting Standards (IFRS). Furthermore, meticulous management, monitoring, and forecasting of the financial aspects tied to fixed-income securities, including but not limited to principal and interest disbursements, coupon rates, interest rate resets, call dates, and factors pertaining to Mortgage-Backed Securities (MBS) and Collateralized Mortgage Obligations (CMO), as well as Conditional Prepayment Rates (CPR) and Prepayment Speed Assumptions (PSA), and maturities, are essential. Interest rates can be derived from mathematical formulas that incorporate embedded indexes, along with caps and floors where applicable. Additionally, implementing automated back-office operations such as seamless data entry, maintenance of business calendars, calculations for principal and interest payments, and thorough reconciliation processes enhances overall efficiency and accuracy. The integration of these automated systems not only streamlines operations but also significantly reduces the potential for human error in financial reporting.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Pricing Details
$11/month
Free Trial
Free Version
Pricing Details
No price information available.
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
EasyInterest
Founded
2022
Country
South Africa
Website
www.easyinterest.co.za/
Vendor Details
Company Name
TPG Software
Founded
1991
Country
United States
Website
www.tpgsoftware.com
Product Features
Product Features
Financial Risk Management
Compliance Management
Credit Risk Management
For Hedge Funds
Liquidity Analysis
Loan Portfolio Management
Market Risk Management
Operational Risk Management
Portfolio Management
Portfolio Modeling
Risk Analytics Benchmarks
Stress Tests
Value At Risk Calculation
Hedge Fund
Compliance Management
Contact Management
Investor Accounting
Investor Reporting
P&L Calculation
Partnership Accounting
Performance Analysis
Portfolio Analysis
Portfolio Management
Investment Management
Accounting Management
Benchmarking
Bonds / Stocks
Client Management
Commodities
Compliance Reporting
Data Import / Export
For Investment Advisors
For Investors & Traders
Fund Management
Modeling & Simulation
Payroll & Commissions
Performance Metrics
Portfolio Management
Risk Management