- New solution automates accounting for traditional, alternative, and embedded lenders
- Addon integrates with cornerstone accounting solutions lenders use
- Eliminate human error and cut accounting costs with a tailor-fit lending platform
TurnKey Lender is pleased to announce the release of TurnKey Lender Accounting.
The new extension of the TurnKey Lender platform allows creditors to establish a fully automated flow of structured accounting data from creditor’s loan management system into their Xero or QuickBooks.
“To this day, most creditors struggle with syncing up their accounting and lending platforms. For many it becomes one of the most time-consuming and tedious processes in their whole business. We have solved this problem with this new extension to our already powerful platform. I’m excited for lenders when they see how much time they just saved with this addon.” – comments Elena Ionenko, COO and co-founder of TurnKey Lender.
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The TurnKey Lender Accounting addon offers creditors who use the TurnKey Lender platform a new way to reduce their operational costs and human error while achieving a drastically improved credit accounting experience.
The new solution builds an elegant bridge between the lending team and the accounting team, syncing the data in the loan management system with accounting books. In addition, it makes it possible to always keep accounting records up to date since the the addon syncs data every day.
The key lending accounting capabilities of the addon include and aren’t limited to:
- Integration with Xero and QuickBooks
- Scales seamlessly as much as you need to
- Cross-states & international compatibility
- Intuitive management of accrued & received revenue
The addon comes as an extension of the TurnKey Lender Standard platform. To find out the details of upgrading your platform with this addon, talk to a TurnKey Lender expert today.
About TurnKey Lender
TurnKey Lender is a SaaS platform that automates traditional, alternative, and embedded credit in 50+ countries, enabling lenders to offer fair and accessible credit to tens of millions of their borrowers. The company’s key product is a one-stop lending automation platform that easily handles automation of both B2B and B2C credit processes. TurnKey Lender’s pre-configured solutions cater to different lending business models including consumer, commercial, pay later, mortgage, factoring, and many others.
