-
Process micro-finance savings deposit, withdrawal and other types of savings transactions of clients. The process can either be done by branch/center (group deposits or withdrawals) or by individual (for specific person only).
-
Compute interest and withholding tax of micro-finance savings using Central Bank computation. The computation of interest can either be done quarterly or monthly.
-
Transfer savings accounts from active to dormant and vice versa.
-
Process and compute deductions (service charges) of dormant accounts.
-
Supports up to nine (9) types of micro-finance savings for each group-based client (e.g. Voluntary Savings, Forced Savings, CBU, Guarantee Fund, Emergency Fund, Mutual Aid Fund, Group Fund and any fund you have).
-
Flexible savings accounts naming convention (ex. naming of MF savings and number of MF savings to be maintained). This means users can change the names of these nine (9) available micro-finance savings.
-
Supports the integration of Micro-Finance savings with Micro-Finance loan transactions. This means that client saving deposit can be integrated during loan releases and loan payments.
-
Allow users to correct wrong entries in MF savings transactions.
-
Transfer MF savings from one saving type to another (ex. from Emergency Fund to Voluntary Savings and vice versa) either by percentage of the whole savings of by absolute amount.
-
Link all of these savings transactions to Accounting System (e.g., automatic updating of accounting of data for every savings transactions). This means all processes mentioned above have an automatic General Ledger Entry and Posting.
-
Modules for generating standard reports of micro-finance savings information including management, monitoring and activity reports. Flexible reporting, which means that you could print one MF savings or a combination of them with filtering on Account Status, Centers, Program Officers, etc. Example of reports is List of Savings Accounts by center, PO, status; Statement of Savings Accounts, historical records of transactions, statistical reports on savings, etc.
