What is Dynavate Transact?

Dynavate Transact forms the core of the solution and provides comprehensive and flexible transaction processing capabilities, while ensuring transactional integrity and reliability. It is a standalone transaction processing engine, with a well defined services layer that can also be integrated as a customer sub ledger in existing or new enterprise solutions.

The purpose of Dynavate Transact is to provide a comprehensive Customer sub-ledger and transaction engine. The transaction engine consists of Customer Accounts, GL Accounts, a Financial Calculator, Term Product Engine and a Configuration Tool.

Customer Accounts hold the product parameters and transactions for that specific Account. The Financial Calculator is used for product scenario planning, Payment Plan calculations and rescheduling of Accounts. Product configuration allows for product templates to be set up with various product parameters that manage the activities of the Account (i.e. term, interest rules, fees, etc.)

Dynavate Transact

Dynavate - The Medium to Large Credit Provider Solution

Customer sub ledger

The Customer sub ledger forms the core of the transaction engine.

  • Powerful transaction configuration tool, including
    • Unlimited transaction types
    • Transaction reversal and reversal types
    • Backdated and future period posting
    • Tax/VAT management
    • GL contra accounts
  • Track capital, interest, interest and non-interest bearing fees separately
  • Non-financial transactions
  • Custom definable transaction spawning
  • Daily and period closing balances
  • Configurable Periods

General Ledger

  • Configurable per Company, Division & Branch
  • User configurable chart of accounts (per branch)
  • Configurable periods
  • Configurable Tax/VAT systems
  • Automatic GL contras from customer sub-ledger
  • Unlimited defined control accounts allows for
    • Deposit & disbursement
    • Petty cash
    • Suppliers, etc
  • GL journals
  • Trial Balances (with or without opening balances)
  • User defined GL exports (detail or summary)

Financial Calculator and Product Configuration

  • Sophisticated and flexible
  • User defined Fee Rules Engine, allowing for
    • Dynamically calculated fee rules
    • Fixed and calculated cyclic fees
    • Rules and frequency configured per fee
    • Independent escalation options per fee
  • Caters for
    • Deposits
    • Residuals
    • Configurable moratoriums (fee, interest, capital or any combination thereof)
    • User defined fixed installment options
  • Installment holidays, balloon payments, etc.
  • Flexible interest options
    • Daily interest
    • Penalty interest
  • Powerful customer account rescheduling