Managing Your Company’s Commercial Loan Accounts
Many medium to large scale companies are spending hundreds, thousands and possibly even millions of dollars every year to cover the cost of tracking and managing their financial portfolio. Aside from managing your current loans and lines of credit, imagine the time spent getting the loan to begin with. Any company that has ever applied for a commercial loan or other commercial credit, probably already knows just how much work the entire process can become.Every single loan has a ton of paperwork associated with it and no matter how many times you or your staff have done it, managing all of it never gets any easier. Worse yet, the success or failure of your loan greatly depends on all of that paperwork being filled out properly. When faced with this situation, most large companies simply hire more employees, appoint new departments and continue with business as usual. Why? Imagine the additional revenue being lost on employee salaries, additional office equipment, training, it starts to add up quickly.To address this very problem, a number of software developers and technology pioneers around the world have developed a variety of commercial loan software. These applications are designed to handle loans and credit and nothing else. Most of them excel at what they do. To give you an idea of the money saving power these programs have, let me show you some of their features:
Configurable Automated Decisions
Funds Disbursement
Manage Ten to Thousands of Regular, Irregular, Fixed Rate or Variable Rate Loans from Anywhere
Manage Your Leases and Lines of Credits
Amortization Schedule Preparation
Investor Reporting
Front-end Credit Evaluation
and the list goes on and on.
I have not even begun to scratch the surface of many mainstream commercial loan software and already you can begin to imagine how much money one of these programs will save you each and every year. Really sit and think about.A good software of this nature can reduce the need for new employees, reduce the need for a financial department and do it all for a reasonable price. If you have not already started looking into a commercial loan software for your company, I would highly recommend it. Save your time, your money and get back to what matters most, your business.