Resolving ResizeObserver Message in AMCalc 3 for Salesforce
If you are using AMCalc 3.3 or higher and get the ResizeObserver error when generating graphs, follow these easy steps to resolve it.
Lending Demand Is Low…Time To Get Busy.
With demand for financing at near historic lows, what is a lender to do? The answer: be ready when the pendulum swings the other way.
Managing Interest Rates using AMCalc Interest Rate Entries
Perhaps one of the most useful features in the AMCalc package is the Interest Rate Entries feature. Using Interest Rate Entries, anywhere from one to a handful of users can centrally manage all of the interest rates that are needed by AMCalc users.
This post will discuss some of the best practices for creating and maintaining interest rates using the AMCalc Interest Rate Entry feature.
Lending Solutions for Nonprofits, NGOs, and Public Utilities
It’s no secret that structuring loans is a complex task. It is no wonder that organizations that are in the business of lending money have teams of loan “specialists” whose task it is to structure loan terms to meet specific goals.
But what about organizations that do lending, but whose primary mission is not financing? Non-profit organizations, non-governmental organization, and public utilities are just a few examples of organizations that lend money, but whose primarily mission is not lending money.
Replicating Loan Terms and Comparing Different Schedules
Earlier this month we released the latest version of AMCalc. The AMCalc 1.6 release adds two new features that make loan processing faster and decision making easier. In this post I will go over these new features and discuss some specifics on how each can be used.
Balloon Payments Demystified
Loans with balloon payments can be confusing. It’s not so much that the structure or calculations for them are complex. The confusion is because the Internet is loaded with blogs and articles that use varying terminology for them. In this post, I will try to sort this confusion out for you and explain some of the different loan payment schedules that AMCalc generates that can have a balloon payment.
Generating Interest Only Loan Payment Schedules with AMCalc
One type of loan payment schedule that AMCalc calculates is for interest only loans. As the name suggests, these loans are calculated with payments that only cover the interest on the loan principal for one or more payment periods. In other words, no loan principal is paid off during these interest only periods.
Converting Leads in Salesforce with Person Accounts Enabled
If you have person accounts enabled in your Salesforce org, there are a few differences about lead conversion that you should be aware of. In this post, I will walk you through a couple things that make lead conversion a little different for organizations with person accounts enabled. I will also give you a couple easy steps to follow to ensure that AMCalc loan schedules flow through the lead conversion process smoothly.
Automating Updates to AMCalc Loan Status on Lead Conversions
In another post we discussed how to use AMCalc Status values to differentiate between loan payment schedules associated with leads from those associated with customers. In this post I will show you a way to automatically update the status of a loan when lead records are converted to contact records.