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Stay Ahead of the Game

Leverage our system’s robust business features to maintain transparency through the life of a loan and stay flexible to adjust to any policy changes brought on by regulators or your firm’s approach.

Unwind and Replay Functionality

Evolv Loan Accounting allows full audit traceability in an event of a correction or loan modification and a resulting adjustment entry details the difference.

Data Timeliness and Dependency Data Management

Evolv Loan Accounting includes automatic data management features that allow it to operate in environments where upfront data quality functions are either absent or low. This concept is built into the core framework of Evolv Loan Accounting. The functionality is inherited when new accounting events and modules are introduced without any additional complex development. The design and architecture supports any transaction to wait for other transactions or for new correction events before proceeding for accounting. Results of open transactions are available on a real-time basis and can be corrected in operations for successful backoffice processing. Once data correction events or new events are sent, the accounting engine will replay all pending events related to the loan and process the loan from the very beginning of the lifecycle until the current accounting period close.

Cost Basis Tracking and General Ledger Roll-forward

Evolv Loan Accounting tracks cost basis positions at any point through a loan lifecycle on a daily basis. The results are then stored at a transaction level, where any activity such as amortization would relieve the book value by a certain amount. Given the way cost basis is booked and how the change in cost basis is reflected, the positions by definition will always roll-forward.

Accounting Daily Close

Evolv Loan Accounting adapts to the users close cycle and includes support for daily closes. All transactions, including new loans and modifications to existing loans can be brought in, processed and booked on a daily basis. The resulting accounting entries provide management with an accurate accounting picture based on the data that is available at that time. Any operational timing difference will subsequently trigger the unwind and replay functionality and adjusting entries are booked in the current period to adjust for differences.

General Ledger

Evolv Loan Accounting has a very flexible "rule-based" General Ledger posting engine that allows the user to configure the booking logic for each transaction. Since the Evolv Loan Accounting sub-ledger tracks all activity/transactions at the lowest level (loan or even fee type level) it allows the user to develop comprehensive accounting posting logic to accommodate institutional needs.

Data Versioning

Evolv Loan Accounting remembers all transactions and provides an “as of date” view of every accounting period close whether it is daily, monthly or quarterly. Hence, no records are either deleted or updated in the system to retain the audit trail required to re-produce any numbers that were run historically.

Reporting and Dashboard Capabilities

Evolv Loan Accounting includes a specialized data mart optimized for data warehouse and reporting operation that is easy to integrate to an overall enterprise data warehousing strategy. Evolv Loan Accounting also includes a set of pre-created control and disclosure reports as well as OLAP based analytical reports that offer a large spectrum of out-of-the-box reports to meet common needs. Evolv Loan Accounting has an easy-to-understand data mart schema definition, including both flat table structures for common reports and a star schema for OLAP drill-down reporting. This allows customers the flexibility to use any enterprise reporting tool to easily produce custom reports that they may need.