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Integrated Micro Finance Management System
Functionality
- Loan Portfolio Management
- Unlimited number of Loan Products fully integrated with Financial Accounts
- Parameterized Loan Product definition
- Loan periodicity (weekly, Fortnightly/Bi-weekly, Monthly/Four-weekly, One-time, User-specific etc)
- Flexible Service Charge Rate
- Flexible Service Charge calculation Method (Flat Rate, Reducing Balance Method)
- Service Charge Collection Method (Flat Rate, Reducing Balance Method)
- Penalty / Re-schedule parameters
- Loan Ceiling parameters
- Auto Generation of Loan Repayment Schedule considering weekly and yearly Holidays.
- Auto Generation of daily collection sheet at the opening of any typical day.
- Tracking of loan aging and Loan Loss provision.
- Strong Management of Loan Overdue, Advance, fractional installment collection etc.
- Options available for irregular loan collection, Adjustment of Savings amount with Loan amount etc.
- Saving Module linked with Loan Module
- Configurable Unlimited number of Savings Products fully integrated with Financial
- Accounts such as Compulsory Savings, Voluntary Savings, Special Savings and
- Other types of savings.
- Parameterized Savings Product definition
- Savings periodicity (weekly, Fortnightly/Bi-weekly, Monthly/Four-weekly)- Flexible Interest Rate
- Interest calculation Method (Daily Product, Monthly Minimum Balance, and Monthly Last Balance Method)
- Interest accrual on monthly / yearly basis.
- Accrued interest application at the end of each year.
- Options are available for irregular savings collection, Savings Refund, Savings Interest payment.
- Information hierarchy
- Member Level
- Group Level
- F/W (Field Worker) Level
- Branch Level
- Head Office Level
- Consolidation Level
- The chart of accounts is complete, consistent, flexible, and user-definable—
- With five major categories for Assets, Liabilities, Equity, Income and Expenses
- Fully configurable Financial Statements (Balance Sheet, Income Statement, Receipts & Payments, Cash Flow Statement).
- Fully integrated with Loan Portfolio Management and Savings Management
- Customizable Voucher Types (Debit Voucher (Bank/Cash), Credit Voucher (Bank/Cash), Journal Voucher, Contra / Transfer Vouch
- Option available for Budgeting
- Accounting processes (Month-End-Process, Posting Process/Undo Process, Year-END-Process)
- Easy to use drill down reports
- Information and Reporting hierarchy
- Consolidation Layer
- Organization / Company Layer
- Branch Layer
- Division Layer
- Program Layer
- Management Reporting and Analysis
- Around 80 standard reports for Loans, Savings, Financial, Analytical and Management report.
- List of important reports those are available at Branch, Head Office and Consolidation level.
- Admission Register
- Loan Disbursement Register
- Fully Paid Loan Register
- Group wise Subsidiary Register
- Member wise Loan Subsidiary Register
- Member wise Savings Subsidiary Register
- Savings Refund Register
- Balancing Register (Member Wise)
- Balancing Register (Group Wise)
- Loan Loss Provision Register
- Regular Reports
- Collection Sheet
- Field Workers' Report (Group Wise)
- Field Workers' Report (Member Wise)
- Branch wise working area report
- Branch staff report
- Group wise balancing report
- Meeting Schedule
- Management Report Format-1 - Group and Member Report
- Management Report -2 - Loan Disbursement and Recovery Report
- Management Report -3 - Overdue Loan Classification
- Daily MIS Transaction Statement
- Analytical Reports
- Branch Performance Report
- Sector wise loan disbursement Report
- Ratio Analysis Report
- Loan Portfolio Quality Report
- Operational Efficiency Report
- Loan Report (Field Worker Wise)
- Loan Report (Component Wise)
- Loan Classification and LLP report
- Group Rating Report
- Financial Accounts Reports
- Transaction List (Dr, Cr, JV)
- Ledger (Detailed, Consolidated)
- Cash and Bank Book
- Bank Reconciliation Statement
- Trial Balance
- Budget Variance Analysis
- Income Statement
- Balance Sheet
- Cash Flow Statement
- Receipt and Payment Statement
- Technical Features
- The software uses Oracle 10g as Database and Oracle Developer 6i as front-end.
- The software runs in all standard operating systems:
Windows 9x, Windows 2000 Server, Windows 2000 Advanced Server, Windows2000
Professional, Windows XP, Windows Server 2003, Linux.
- The system performs well with any number of concurrent users and transaction traffic.
- The system has strong security feature. Users can be created assigning different level of privileges.
- Backup and recovery utilities for full and incremental backups are built-in and easy to manage.
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