EVOLV Accounting

Eliminate manual processes and spreadsheets by automating all accounting functions

EVOLV’s Accounting module eliminates manual processes and spreadsheets by automating all accounting functions – data management, calculations, processes, workflows, and reporting – for all cash-flow-based financial instruments.

Asset level
data capture,
enrichment, and
accounting event
identification

Workflow
processing

Calculation
engine

Asset level
sub-ledger
engine

Dynamic multi-basis
reporting and
analytics

Asset level data capture, enrichment, and
accounting event identification

Workflow processing

Calculation engine

Asset level sub-ledger engine

Dynamic multi-basis reporting and analytics

Accounting made easier

EVOLV synthesizes and tightly integrates data elements and functionality normally separated in disparate risk and finance systems in a single platform.

Data management
Accounting
Reporting & analytics

Identifies and tags instruments for appropriate accounting treatment

Cleanses, normalizes, and prepares data for use

Applies custom business-rules to enrich, clean, complete, tag, and transform data prior to processing and reporting

Identifies and resolves data errors through quality control reports

Validates incoming data and populates in a central data repository

Tracks and maintains asset records (e.g., data lineage) from the original source, transforming to its ultimate use

ASC 310-20 (FAS 91) amortization of origination fees, costs, premiums, and discounts

ASC 948-10 (FAS 65) lower of cost or fair value for loans held for sale

ASC 825-10 (FAS 159) fair value option

ASC 805 (FAS 141R) financial assets accounted for under the acquisition method

ASC 310-40 troubled debt restructuring (TDR) identification and accounting

Non-accrual / charge-off

Includes applicable financial statement disclosures customized for your institution

Supports internal management packages and ad-hoc analytics

Automated journal entries based on the institution’s chart of accounts

Integrates directly with Microsoft Office tools, exportable to PDF or Excel

Includes 100+ customizable reports, 3,000+ attributes and business calculations available for out-of-the-box reporting

Allows for optional delivery of scheduled reports automatically via email

Identifies and tags instruments for appropriate accounting treatment

Cleanses, normalizes, and prepares data for use

Applies custom business-rules to enrich, clean, complete, tag, and transform data prior to processing and reporting

Identifies and resolves data errors through quality control reports

Validates incoming data and populates in a central data repository

Tracks and maintains asset records (e.g., data lineage) from the original source, transforming to its ultimate use

ASC 310-20 (FAS 91) amortization of origination fees, costs, premiums, and discounts

ASC 948-10 (FAS 65) lower of cost or fair value for loans held for sale

ASC 825-10 (FAS 159) fair value option

ASC 805 (FAS 141R) financial assets accounted for under the acquisition method

ASC 310-40 troubled debt restructuring (TDR) identification and accounting

Non-accrual / charge-off

Includes applicable financial statement disclosures customized for your institution

Supports internal management packages and ad-hoc analytics

Automated journal entries based on the institution’s chart of accounts

Integrates directly with Microsoft Office tools, exportable to PDF or Excel

Includes 100+ customizable reports, 3,000+ attributes and business calculations available for out-of-the-box reporting

Allows for optional delivery of scheduled reports automatically via email

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