Spinner
Leading Middle Market Lender

1Rivet Developed Azure PaaS based middleware feed between LoanIQ (sub-ledger) and DAX365 (ledger) to handles the consolidation of general ledger entries related to an intercompany trades and elimination of Profit &Loss by daily amortizations to the specific entity dimension.

Outcome

  • Developed the Azure Cloud based Web application which ensure the consolidated of Intercompany GL Entries and ensuring they are not inflated due to transactions occurring between subsidiaries or companies in the group.
  • Application records all the intercompany transactions including adjustments which impacts the Portfolio amount of the entity that resulted in the consolidated accounts.  
  • Azure Logic App Posts Daily GL Entries of Amortizations to DAX365 as part of Elimination, which reduces the manual calculations of amortizations of monthly, quarterly, and yearly.
  • Application Azure database store consolidated data and intercompany elimination entries to provide a big advantage when auditing financial statements.

Overview

Industries

Financial Services
Financial Services

Capabilities

Cloud Architecture
Cloud Architecture
Software Engineering
Software Engineering
Quality Engineering
Quality Engineering
DevOps
DevOps
Technology Platform
Technology Platform

Scope of service

Project Management
Project Management
Customer Experience
Customer Experience
Architecture & Design
Architecture & Design
Requirement Gathering
Requirement Gathering
Development
Development
Testing
Testing

Technology

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