Key Features

1. Borrowing Loan Contracts
   • Create and manage borrowing contracts between organizations/businesses and partners.
   • Store borrower details, loan amount, contract start and end dates.
   • Manage contract states: Draft, Confirmed, Cancelled.
   • Confirm, modify, and cancel loan contracts.
   • Track loan progress: disbursements, repayments, refunds.
   • Automatically generate payment schedules for borrowing loans.
2. Lending Loan Contracts
   • Manage lending contracts from your organization/business to partners.
   • Support splitting loans into multiple disbursements.
   • Record details about disbursed amounts, disbursement dates, and disbursement statuses.
   • Track borrower repayment activities.
   • Confirm, cancel, or mark loans as fully repaid.
   • Support loan adjustments and early repayments.
3. Payment Management and Reconciliation
   • Record and track borrower repayments.
   • Support partial or full repayments.
   • Automatically reconcile repayments with corresponding loans.
   • Ensure repayment amounts do not exceed outstanding balances.
   • Handle overpayments, underpayments, or partial payments.
   • Provide alerts for discrepancies in repayments.
   • Send automated payment reminders when due.
4. Refund Management
   • Support partial or complete loan refunds upon contract adjustments.
   • Monitor refund amounts, ensuring they do not exceed borrowed amounts.
   • Automatically create accounting entries upon loan refunds.
5. Interest Computation
   • Support both fixed and floating interest rates.
   • Define interest rates according to loan contract types.
   • Calculate periodic interest amounts per repayment schedule.
   • Track outstanding interest payments for each loan contract.
   • Allow interest rate adjustments when loan terms change.
6. Accounting Integration
   • Automatically generate journal entries upon loan disbursements, repayments, and refunds.
   • Record repayments directly in accounting ledgers per contract.
   • Automate debt reconciliation and update loan balances in real-time.
   • Provide financial reports covering loans: interest, total debt, outstanding balances.
   • Manage loan-related cash flow within the Odoo accounting system.
7. Multi-Currency Support
   • Manage loans and lending activities in multiple currencies.
   • Automatically calculate exchange rate differences when currency fluctuations occur.

Business Value

• Efficiency: Save time and reduce manual effort with automated planning, tracking, and journal entries.
• Precision: Ensure accurate interest calculations for both borrowing and lending activities.
• Insights: Get actionable insights into loan performance with rich reporting tools.
• Compliance: Meet accounting standards with built-in journal entries and analytics integration.
• Scalability: Easily manage loans across different companies, currencies, and regions.

Who Should Use This Module?

• Financial Institutions and Banks:
  • Financial institutions, banks, or credit companies providing loan services, commercial credit, or consumer lending.
  • Businesses managing multiple borrowing or lending contracts, requiring detailed tracking of cash flows, interest rates, and repayment schedules.
• Businesses with Internal Borrowing Activities:
  • Corporations and parent companies managing internal loans between branches or subsidiaries.
  • Businesses needing to manage finances for large-scale projects by borrowing from banks or external partners.
• Funding Organizations or Financial Support Groups:
  • Funding organizations, non-profits, or social enterprises offering loans to partners or individuals, requiring detailed management of disbursement and repayment schedules.
• Individuals Involved in Borrowing or Lending:
  • Private lenders or investors tracking interest, repayment schedules, and cash flows.
  • Borrowers requiring tools to manage their repayment schedules for principal and interest efficiently.

Editions Supported

1. Community Edition
2. Enterprise Edition