Amortization Enhancement

The amortization process has been enhanced by replacing the transaction-based method with a more streamlined non-transaction-based approach.

The previous transaction-based amortization method for assets and liabilities has been deprecated. Asset amortization is now powered by an enhanced non-transaction-based approach that works seamlessly without dependency on transaction data.

Note: The Liability Amortization enhancement (without dependency on transaction data) is currently under development and will be available in the next release.

Business Benefits

• The new amortization process offers a simpler and more efficient computation mechanism.
• It supports additional use cases, including partial sale of assets and separate amortization of modification gain or loss.
• Eliminates the need for transaction-level inputs, reducing data preparation efforts.

Steps to Enable

You don't need to do anything to enable this feature.

Key Resources

• For information to arrive at the scale of the feature, see this page.