API-first ledger-engine for business applications

A ledger is a system that records accounts and movement of money (or lets say value in general) between them. SumoLedger runs on a ledger system that is immutable, supports multi-currency, maintains double-entry accounting for transactional consistency and supports a transactional state-machine.

SumoLedger provides no-code configuration APIs, to define the accounting policies and controls. This approach ensures a separation of concern where the finance and accounting team define the configuration(accounting policies and controls) and technology team produce the business-events for an automated and real-time accounting.

All-in-one engines for financial products

• SumoLedger is a combination of three different engines: Ledger Engine, Product Engine and Tariff Engine.
• Ledger Engine handles core accounting tasks following double-entry bookkeeping standards
• Product Engine handles different financial products allowing users to set rules and controls for each
• Tariff Engine handles rules and controls for pricing structures, interest, commissions, and rebate to specific accounts.

Features

• Tailored: Designed specifically considering the needs of BFIs
• No-code: Allows customization like defining accounting rules, tariffs and controls with no-code experience
• Pay-per-use: Ease of subscribing to self-defined Products suited to the business’ requirements
• Tariff: Built-in Tariff Engine defining pricing structures, interest, commissions and rebates
• Asset types: Supports Multi-asset, Multi-currency Model
• Account Hierarchy: Offers a hierarchical chart of accounts, offering a structured view of your financial data.
• Reports: Produces “Accounting Events” (ledger posting) that can be consumed by downstream apps
• Logs: Maintain detailed Access, Audit and Error logs
• Workflow: High transaction processing capacity with up to 1000 transactions handled per second per ledger account
• High-Scale API: Serves end customers directly with a robust API.