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Today's State-Of-The-Market amortization calculators were conceived in the early to
mid-1980's in response to a different sets of problems (and in a spreadsheet's case,
to an entirely different set of issues) than what we see in the financial industry today.
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Most of these products are geared to handle fixed calculations, with a single interest
rate, a single compute method, offer limited period lengths, and can only handle one
currency in a pre-defined, repetitive manner, thus limiting true innovation. They were
never intended to handle the complexity, speed and international standards required by
today's financial professional.
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| Feature |
FinerEdge |
Non-event driven amortization calculators |
Spreadsheets |
Expensive spreadsheet add-ins |
Inflexible proprietary calculators |
| Unconstrained "What-if?" calculations |
Y |
? |
N |
N |
N |
| Open, Standards-based Architecture |
Y |
N |
N |
N |
N |
| Multi-Platform |
Y |
N |
N |
N |
N |
| Sophisticated Customizable Templates |
Y |
N |
N |
? |
N |
| Visually create new product capabilities without programming |
Y |
N |
Y |
Y |
N |
| Visual Expressions Builder |
Y |
N |
Y |
Y |
N |
| Enterprise enabled components |
Y |
? |
N |
N |
N |
| Common day count basis |
Y |
N |
N |
? |
? |
| Currency Converter |
Y |
N |
N |
? |
N |
| Multi-lingual |
Y |
N |
N |
N |
N |
| Combine |
Y |
N |
N |
N |
N |
| Transform |
Y |
N |
N |
N |
N |
| Split |
Y |
Y |
N |
N |
N |
| Customizable Reports |
Y |
? |
N |
? |
N |
| Multi-component and Combined Cash Flow Charting |
Y |
N |
N |
? |
N |
| XML data storage |
Y |
N |
N |
N |
N |
| Simultaneous multi-lingual, multi-currency amortization table viewing |
Y |
N |
N |
N |
N |
| Use standalone or visually embed into an enterprise application |
Y |
N |
N |
N |
N |
| Customizable XML outputs |
Y |
N |
N |
N |
N |
| Anytime, Anywhere Web Calculations |
Y |
N |
N |
N |
N |
| Custom Web calculations on your server using custom JSPs |
Y |
N |
N |
N |
N |
