Developing Loan Management System in JD Edwards E1

[Parag K]

Have anyone developed, modules/functionalities for handling the Loan Management Cycle for Lending Industry (includes Disbursing a loan and collecting installments against the same over a fixed period) in JD Enterprise One?

Could you please suggest if any standard JDE module can be used as basis?

 

[rsvconsulting]

You might be able to use Accounts Receivable whereby the loan is represented by an invoice (RI) document. Then you can create an "advanced payment term" attached to the loan and it specifies the number of installments and dates of payment that are required to pay back the loan. This will also allow standard functionality for late payment reminders, accounts receivable statements, etc.