Last Updated
Overview
NetLoan provides automated loan management natively within NetSuite, simplifying complex amortization and reconciliation processes. While some users note a minor restriction on loan start dates, its ability to eliminate manual spreadsheets and provide a single source of truth offers significant time savings, making it a powerful tool for finance teams.
Overall Rating
Based on 10 users reviews
4.8
Rating Distribution
Positive
100%
Neutral
0%
Negative
0%
Starting Price
Custom
NetLoan Specifications
Financial Reporting
Invoice Management
Budgeting and Forecasting
Bank Reconciliation
What Is NetLoan?
NetLoan is an accounting software solution designed to automate and streamline the entire loan management lifecycle directly within NetSuite. It eliminates the need for manual spreadsheets by automatically generating complex amortization schedules and the corresponding monthly journal entries. By offering a complete, real-time view of loan data from origination to final payment, NetLoan software enables finance teams to boost efficiency and improve forecasting accuracy. It also ensures compliance while allowing them to work seamlessly within their core enterprise resource planning (ERP) system.
NetLoan Pricing
NetLoan Integrations
The software supports integration with multiple systems and platforms, such as:
- Shopify software
- Magento
- ShipStation
- Jira software
- HubSpot
Who Is NetLoan For?
NetLoan is ideal for a wide range of industries and sectors, including:
- Financial services
- Consumer goods
- E-commerce
- Non-profit
- Retail
Is NetLoan Right For You?
NetLoan is the right fit for any organization that needs to replace error-prone spreadsheets with a powerful, automated solution for managing complex loan portfolios. Its key differentiator is its native NetSuite architecture, which guarantees seamless performance, enhanced security, and a consistent user experience. Developed by Netgain, the platform is backed by advanced technical expertise. The platform is a high-value solution that delivers significant return on investment (ROI) through time savings and improved accuracy.
Are you still not sure about the platform and need expert advice to make an informed decision? Reach out to us at (661) 384-7070 now.
NetLoan Features
Gain complete control over financed assets directly within your ERP. This solution provides a centralized system to track all associated loan details, from origination documents to payment history. It ensures full visibility and a reliable audit trail for every asset.
Automate the entire transaction workflow for your loan portfolio. The system generates accurate journal entries for principal and interest and links payments to vendor bills. It also manages complex scenarios like variable rates and modifications, eliminating manual work and swivel-chair processes.
Streamline your month-end close with integrated billing and reconciliation tools. By linking vendor or customer payments directly to journal entries in real time, the platform makes it easy to instantly identify and correct discrepancies. This ensures that your loan balances remain accurate at all times.
Maintain compliance with efficient accounting features that support complex loan and lease agreements. The software automatically generates detailed amortization schedules and provides comprehensive forecasting for payments and interest expenses, ensuring your financial reporting is consistently accurate and compliant.
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