The IND AS Loan Amortization Automation simplifies the generation, validation, and reconciliation of loan schedules in compliance with IND AS standards. The system streamlines the entire process, from data input to report generation, using predefined templates and automated calculations. It supports efficient handling of large datasets, ensures data accuracy, and minimizes manual effort, making it an essential tool for financial reporting and compliance.

• Login and User Authentication:

  • A secure login screen ensures authorized access to the IND AS Module.

• Module Overview:

  • The system provides two primary functionalities:

    • IND AS Accounting: For loan schedule generation and accounting processes.

    • IND AS Auditing: For verifying and reconciling financial data.

• Input File Management:

  • Users can upload predefined input templates for loan details, disbursement schedules, and prepayments.

  • Each input file undergoes real-time validation for records and errors, flagged in the interface.

• Error-Free Data Preparation:

  • Clear instructions guide users to format input files in CSV format and define date formats (e.g., DD.MM.YYYY).

  • Errors in uploaded data are highlighted, ensuring only valid records are processed.

• Loan Schedule Generation:

  • Loan schedules are dynamically created based on validated data and report date selection.

  • The system displays key loan parameters like Loan Number, Amount, Processing Fees, Rate, Tenure, and Status.

• Detailed Schedule View:

  • Users can view a comprehensive breakdown of disbursements, prepayments, and generated schedules.

  • Key metrics such as EMI, Principal, Interest, and IRR are displayed with precise calculations.

• Automated Reports:

  • Reports are auto-generated with summaries and detailed data views.

  • Users can save or download these reports in Excel format for further analysis.

• Efficiency and Compliance:

  • Supports IND AS-compliant schedule preparation, reducing manual effort.

  • Ensures accuracy and transparency in financial reporting.

• User-Friendly Features:

  • Simple navigation with dedicated tabs for Accounting and Auditing.

  • One-click options to generate, validate, and save loan schedules.