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Accounting

Misys Loan IQ Accounting

Loan IQ’s accounting module combines online accounting with real-time debits and credits functionality for a solution unmatched in the industry.

Loan IQ allows you to manage lender shares and portfolio positions across multiple entities, reducing the need for double entry and unnecessary reconciliation. The system also quickly and accurately conducts end-of-day reconciliation between the sub-ledgers and general ledger. Whenever differences are found, Misys Loan IQ automatically identifies the issues and reports them to the responsible individual, thereby saving your company valuable time and minimising your exposure.

Loan IQ is multi-currency and multi-GAAP capable, allowing institutions to more accurately manage and quantify the FX risk associated with multi-currency, non-home transactions.

Clients are instantly notificed if the system encounters an exception, thereby minimising backlogs in error reporting and increasing the accuracy of entries posted to the general ledger.

The result is an accounting solution that eliminates duplicate efforts, enhances the end user experience, and maximises our clients’ overall financial and audit control.