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Tip of the Week: Automate Fixed Term Loan Option functionality in CLASSIC RETAIL

Helpful Tips

We are very excited about our upcoming Shaw Systems Conference and all the content we are planning to share with you. We want to give you a glimpse into some of the topics we have planned. We will share a tip every week leading up to the conference to give you a sneak peek at what you will learn.

Automate Fixed Term Loan Option functionality in CLASSIC RETAIL

Shaw’s Fixed Term Loan Option (FTLO) line of credit enhancement can be utilized to provide new functionality in several areas. It allows sub-lines of credit to be tied to a parent line of credit. It automatically transfers any remaining balances from a transactional promotion line of credit at maturity to the parent line of credit. The functionality also transfers balances at maturity from the FTLO line of credit to a new fully amortized loan and automatically converts an interest only loan to a fully amortized simple interest loan.

The automated FTLO functionality is available in Shaw’s latest release of Classic RETAIL. If you’re interested in learning more about this feature, or many others, register to attend the upcoming Shaw Systems 2023 Conference so you don’t miss out!

Don’t miss your chance to learn about this feature and many more at our upcoming conference. The Shaw Systems 2023 Conference will be held May 16-19 at the Hyatt Regency Coconut Point Resort and Spa in Bonita Springs, Florida. We can't wait to see you there!

Register today to save your spot!