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
Asset Management
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.
Transactions Management
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.
Reconciliation Automation
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.
Lease Compliance
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.
Pros And Cons of NetLoan
Pros
Flexible and customizable schedules
Eliminates manual Excel files
Automates complex loan amortization
Cons
No standalone mobile application
Loan start date restriction
NetLoan Reviews
Total 10 reviews
4.8
All reviews are from verified customers
Rating Distribution
5
Stars80%
4
Stars20%
3
Stars0%
2
Stars0%
1
Stars0%
Share your experience
Accounting, 500+ employees
“Excellent for simple integration”
Pros
The best part of working with NetLoan was definitely the exceptional support from the NetGain team throughout the implementation. Their expertise, responsiveness and willingness to guide us step by step made what could have been a complex integration feel smooth and effortless. They truly acted as partners, not just vendors and their attention to detail and proactive communication gave us full confidence from start to finish.
Cons
Honestly, there's nothing to dislike about the product. Everything functions as expected and the support team addresses any questions quickly and effectively.
Rating Distribution
Ease of use
9
Value for money
9
Customer Support
10
Functionality
9
Accounting, 500+ employees
“Reliable loan management tool”
Pros
We've been using this tool for about a year now and I really appreciate its internal and external loan management capabilities. Its integration with NetSuite is a great addition. Plus, new team members pick it up quickly thanks to its simple user interface and clear documentation.
Cons
One area where I think the software could be improved is by allowing more flexibility with loan start dates. This added flexibility would help accommodate various loan agreements better and reduce manual work when managing different types of loans.
Rating Distribution
Ease of use
8
Value for money
9
Customer Support
8
Functionality
9
Accounting, 500+ employees
“Smooth implementation”
Pros
Once implemented, NetLoan is very easy to use for us. The implementation team helped us set up all our loans correctly and ensured everything reconciled with our current system. Adding new loans, extra principal payments and running monthly journals has become really easy. The reporting features are also quite useful for monitoring.
Cons
No complaints at all. The implementation process was actually more detailed and thorough than with other products we have used before. Throughout the process, the implementation team assisted with every detail we requested, making it a smooth experience.
Rating Distribution
Ease of use
8
Value for money
9
Customer Support
9
Functionality
9
Frequently Asked Questions
Does NetLoan offer an API?
Yes, NetLoan software provides an API.
What types of pricing plans does NetLoan offer?
The platform offers flexible pricing plans, catering to various businesses’ requirements. You can also request a personalized NetLoan price quote now.
What level of support does NetLoan offer?
The software offers a knowledge base, email, and phone support.
Who are the typical users of NetLoan?
Businesses across various industries, including e-commerce, financial services, non-profit organizations, consumer goods, and retail, benefit from NetLoan features.
What language does NetLoan support?
The platform supports the English language.
Does NetLoan have a mobile application?
No, NetLoan does not have a mobile app.
What other apps does NetLoan integrate with?
The software supports integration with a variety of systems and platforms through Netgain's SuperSync connectors, including HubSpot, Shopify Software, Jira Software, ShipStation, and Magento.