July 1, 2010

Progressive System Solutions is pleased to announce the first release in the GP product line. Loan Management System for GP.

The system track loans payable and receivable from within GP. Enter a loan application and process approval or directly add the loan. The system tracks loan data and creates amortization schedules. Payments received or made are automatically broken down between principal and interest. Select Loans payments due for payable loans and have vouchers created automatically in AP. Interest accrual and payments received posts directly to the GL. Reporting includes statements, aging and delinquency.

Add LMS to your current GP system and let it decrease the amount of time spent managing you loans.

Expense Reporter and Prepaids Processor are the next to GP products set to be release in the coming month.