In development
Loan Pilot
Loan accounting on autopilot
Not available to buy yet. Built natively for NetSuite today, with more ERPs on the roadmap.
The problem
Loan accounting is one of the last places where a finance team still trusts a spreadsheet more than its ERP. Amortisation schedules get built in Excel because the original loan agreement had a feature the schedule generator could not express: a three-month interest-only period, a rate that resets against a benchmark, a capitalised fee that should be amortised over the term rather than expensed on day one. So the schedule lives outside the system, and the ERP receives the output of a calculation nobody can re-run.
The cost shows up at month-end. Someone posts interest accrual and principal split by hand, which means the journal is only as accurate as the row that was copied. When a loan is modified — a covenant waiver, a repricing, an early partial repayment — the schedule is rebuilt from scratch and the prior version is overwritten, so the audit trail for how interest expense was derived in March no longer exists in July. Auditors then ask for the workings, and the answer is a file, not a system of record.
Growth makes this worse in a very specific way. A company with four facilities can survive a manual process. A company with forty — multiple currencies, intercompany notes, revolvers drawn and repaid mid-period — cannot, because the reconciliation between the loan register and the general ledger stops being checkable in the time available before close.
What Loan Pilot will do
Schedules that survive real agreements
Interest-only periods, step-up rates, benchmark resets, capitalised fees, balloon payments and irregular draws expressed as terms on the loan, not as manual overrides on a generated table.
Posting from the schedule, not from a paste
Interest accrual, principal split and fee amortisation post directly to the ledger on a period basis, with the schedule row that produced each amount linked to the journal.
Modifications as versions
A repricing or repayment creates a new schedule version while the prior one stays intact and readable, so any period can be explained with the terms that applied at the time.
A register that ties out
Loan balances, accrued interest and unamortised fees reconcile to their ledger accounts continuously, so a break is visible on the day it appears rather than on close day.
Where we differ
The established loan tools live inside the ERP as an accounting engine — which is where they should be, and Netgain's NetLoan does it well enough to be the default for a reason. The gap we are aiming at is the loan whose terms don't fit a generator: our starting assumption is that amendments and irregular structures are the normal case, not the exception handled in a spreadsheet next to the system. We would rather be the tool a treasury team keeps using after the fifth amendment than the one with the broadest feature list on day one.
Waitlist
Follow Loan Pilot as it takes shape
This module isn't available to buy yet. We'll write when there's something real to show.