Princeton, New Jersey-based Windward Advisory Group, the technology consulting firm to the investment industry, has released a new software program designed to aid wealth management firms with loan management.

Windward’s Loan Manager program automates accounting, processing and reporting for inter-company and inter-entity loans. The software supports functions such as fixed and variable rate loans, multiple compounding periods, principal additions/paydowns, and interest payments, as well as loan rollovers, loan transfers and interest look-ahead.

Loan Manager can be used where individuals, partnerships and corporate entities participate in numerous and varied loans, both as borrowers and lenders, such as in a family office environment, according to Hugh Bagatelle, partner-in-charge of the newly-released product. 

According to Windward, the system acts as loans sub-ledger and can be integrated with a client’s general ledger, providing history, audit trails and a set of accounting, summary and projected cash flow reports.

Palette Investment Company is one firm to have recently implemented the software.