Margill Loan Manager Overview
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OVERVIEW OF MAIN WINDOWS AND FEATURES Margill Loan Manager on
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Margill Loan Manager Overview
Transcript of Margill Loan Manager Overview
OVERVIEW OF MAIN WINDOWS
AND FEATURES
Margill
Loan Manager
on
2
Contents
Main window
Search window
Record window Data
Compute / Results Table
Fees / Tax / Insurance Module
Borrower
Posting payments
Electronic Funds Transfer (ACH, Credit card)
Reporting
Custom reports
Export to General Ledger
Merge tool to create contracts, letters, invoices or statements
Bulk email of invoices / statements
Software customization (by the user)
Custom fields
Custom pull-down menus
Custom payment types
Mathematical Equations
Import your existing data in seconds
Other distinctive features
Clients and Comments
Creditor
Credit Report
APR, Advanced, Alerts / Reminders
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Main Window
• See all your loans in the Main window
• Display records according to certain criteria including custom fields
• Sort records as you wish
• Display according to your
preferences from over 350 fields (name, email, loan type, loan amount, dates, balances, ageing, payment ratio, etc.)
• For larger databases, use the search engine to display only the desired records
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Main Window
• Even White label the Main window to your company
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Record Window
All data is contained in this
window and its various tabs:
o Compute (becomes Results
Table)
o Data
o Borrower
o Creditor
o Credit Report
o APR, Alerts, Advanced
o Detailed Notes may also be
added
o Send the payment
schedule by email, print
various reports in one click…
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Data
Data Tab:
o Basic math data
A preliminary schedule
can be completely customized after pressing on “Compute”
o Basic loan information
o Payments can be monthly,
twice monthly, quarterly, ,
every week (7 days), etc.
o Attach documents
o Unknown variable computed
o Custom fields and custom
menus
o Electronic Funds Transfer
data
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Compute / Results Table
Compute / Results Table Tab
o A preliminary payment
schedule is first created
o You adapt to just about any payment scenario:
Interest-only
Fixed principal
Lump sum payments
Unpaid payments
Partial and late payments
Extra payments
Fees, Insurance, Tax:
Recurring or occasional
Added as lines or as columns
Amount or percentage
Amounts accrued, paid, balances
Add principal any time
Insert and delete rows
Extend the loan and recompute
the payments
Add a Comment to lines
Trick: Use the right mouse click!!!
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Results Table
Results Table
43 columns; 14 of which data may be changed
Information includes:
o Accounting data
Paid Interest versus Accrued Interest
Paid Principal
o Alerts
o Comment line
o Outstanding amounts
o Multiple Balances:
Total Balance before payment Interest Principal
o Fees accrued, paid, balance
o And many others, for maximum information
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Results Table
Right mouse click offers
multiple options including:
o Change multiple payment
amounts at once
o Re-compute (adjust) payments
for a final balance = 0.00 or
other amount
o Change interest rates
o Re-compute interest rates
o Add or change Column Fees
o No interest on new Principal,
Fees, Insurance or other
o Special calculation methods
o Interest-only payments for part
of the loan
o Export table to Excel
o And many more…
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Fees / Tax / Insurance Module
Powerful module to add regular and occasional fees:
o Column Fees (3 types) o Line Fees (6 types)
o Column Fees for recurring amounts (or
occasional) Amount or as a percentage of the
balance or of accrued interest
Included in the payment
Can also be used for insurance or taxes
o Line Fees for occasional fees
Paid separately from the payment itself
o All names may be customized by the
user
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Borrower
Borrower Tab
o Borrower data
o Co-borrowers data
o Employer
o Custom fields
o A Borrower can also be
created independently of a loan
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Creditor
Creditor Tab
o Creditor data
o Syndicated loans (multiple co creditors for a loan (on a percentage basis or amount))
o Loan officer associated to loan
o Custom fields
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Credit Report
Credit Reporting Tab
o For United States and Canada
o Metro 2 reporting fields
o Most fields are automatically updated based on payments
o Module to be used with
Credit Manager software from The Service Bureau
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APR / APY
APR / APY
o Extremely sophisticated Annual Percentage Rate
calculation
o Up to 5 types of fees with custom names
o Fees can be:
Paid up front
Financed (added to the principal)
Paid subsequently
o Recurring fees can be factored in
o APR and APY are automatically calculated
o Rate up to 9999%
o Compliant with the majority of jurisdictions
Including, US Truth in Lending
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Alerts / Reminders
Alerts / Reminders
o Reminders advising you that
something must be accomplished
o These tasks are then
managed: accomplished
or to do
o Five (5) types of alerts are available:
General
Linked to a Record
Example: ask client for financials
Linked to a Line status
Example: advise me when a payment is 5 days late
Added on a payment line in the schedule
Based on mathematical conditions
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Advanced
Advanced Tab:
o Payment method:
o Compound interest
o Simple interest
o Day count:
o Actual/Actual
o 30/360
o Actual/360
o Actual /365
o “Short” periods special method
o Payment on last day of
month
o And many others to obtain a truly precise calculation!
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Post Payment Tool
Post Payment Tool:
o Very powerful tool that allows you to see which payments are due and to update these
o Update to Paid or Unpaid
o You can add a Comment on each payment (check
number for example, or unpaid because…)
o You can also specify the payment that should have been paid, as well as the true payment date in case a Grace period is offered
o For irregular (partial and late payments, penalties, fees, etc.) right click with the mouse to change the schedule directly
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Electronic Funds Transfer
Electronic Funds Transfer:
o For US and Canada (other countries on a
need basis)
o For the US, NACHA file
with Wells Fargo Bank
o In Canada, we work
with Perceptech, an EFT
processor
o Preauthorized payments, ACH (electronic check), Credit card payments
o Submit all future payments of a loan or on
a monthly (weekly or other) basis
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Reporting
Multiple reports:
o Standard reports
o Reports you customize
o Amortization tables
o Accounting reports
Export to various accounting packages including QuickBooks and Simply Accounting (Sage 50))
Export to Excel, CSV and Text formats
o Data merges for your letters, contracts , invoices and statements
o Print, export to Excel or PDF
o We can create highly sophisticated reports based on your very specific needs
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Custom Reports
Custom reports:
o Create your reports using over 350 fields easily
accessible by theme
o Obtain monthly, quarterly, yearly, etc. reports…
o Examples:
o Record List
o Total monthly payments
o Total fees
o Ageing of accounts
o Outstanding amounts
o Balances
o And hundreds of others
you create
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Custom Reports (Results)
Custom Reports
o Choose the dates you want
o Convert currencies
o Compute totals
o Export to Excel, CSV, etc.
o Predict the future ;-)
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Export directly to General Ledger
Export to your accounting system’s GL
o Export to
o Quick Books Pro (and above)
o Sage 50 o CSV, TXT or Excel o Others on a custom basis
o Create your own custom
reports in seconds
o Enter GL Credit and Debit account numbers
o Debit and Credit totals by account
o Reports may include a fixed GL number or unique numbers for each Record
o Reverse exported entries
(in case of error)
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Contracts, Letters, Invoices & Statements
Merge to PDF or Rich Text Format (Word document)
o Produce contracts, letters,
statements or invoices
o Draft your documents in
Word and copy/paste to
Margill
o Insert any of the 350+ data
fields available.
o Add totals, subtractions, etc.
with Mathematical Equations
that you create
Option to create finely tuned PDF formats
o You send us your PDF, we
create the personalized
document
Merge field (for the current date)
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Contracts, Letters, Invoices & Statements
One click:
o Save file(s)
o Print
o Email
Batch along with Subject and Message
o Attach merged document to the Record
Each user can send from his/her email
account (Sent from…)
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Customize – Custom Fields / Custom Menus
Custom fields
o Create custom fields for
o Borrower
o Creditor
o Loan itself (Record)
o Various formats (text, monetary, date, etc.)
o Unlimited number
Custom Menus
o Create custom drop-down menus in seconds for:
o Custom fields
o Other fields (Loan type,
Country…)
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Payment Type Line Statuses
Line Statuses
o 70 Line statuses allow you to customize how your
payment is applied:
o Paid, Unpaid, Partial Pmt,
Fees, Penalties, Insurance,
Tax, Additional Principal,
Investment, Adjustment,
etc.
o Name you own type of
Payment (Paid Cash,
Visa, ACH…), Fees
(Admin, NSF…) and
Additional Principal
o Hide and move the Line
statuses based on YOUR
needs (not ours)
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Mathematical Equations
Mathematical Equations
o Create your own
Mathematical Equations using hundreds of fields. Used for:
o Reporting special
data not included in
the regular fields
o Totals in invoices or
statements
o Portfolio analysis
(ratios…)
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Import your existing data in seconds
Import Borrowers, Creditors and Employers
o Using an Excel sheet with headers and your data, import to Margill in seconds.
o Simply indicate what
each Excel column
corresponds to in
Margill…
o For importing the loans (payment
schedules), we can help you.
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Other Distinctive Features
Multi-Currency
Fixed or variable interest rates
Change interest rates for multiple loans in one operation
Multi-User (Network)
Intuitive WYSIWIG interface – What You See Is What You Get
Learn basics in 30 minutes
Our pretty excellent, fantastic customer support ;-). We are there
for you!
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Clients and Comments
Margill clients are located in over 34 countries
Including:
Lenders (personal, employee, corporate, auto, bridge, construction, factoring)
Governments
Economic Development Agencies (business, community, rural, native and energy efficiency)
Accountants
Law firms (judgment collection, collection, tax loans)
Public and private companies (inter-company loans, employee loans
Margill has greatly improved the efficiency and organization of our Local Producer Loan Program. Margill is a vast improvement from our former technology, and we are grateful to have it.
Whole Foods Market, Inc.
Margill has made our lives much easier here since we installed it. It has cut down the time it takes to perform my month-end accounting procedures greatly!!!
Antony Relou
Director of Corporate Accounting
The Broe Group
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Demo / Contact us
Free 30-day fully functional trial:
www.margill.com/ncm
More information:
Phone: (001) 450 621-8283
Tool-free North America: 1-877-683-1815
Skype: MargillSolutions
