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Parameter-Driven Software:
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The CommonCents 101 system is designed in a way that it can handle idiosyncrasies of a Micro-Finance Operations (ex. Different types of MF Savings) by changing some of the parameters.
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It has a “Standard and Set-up” Module specifically designed to handle the differences among MFIs in terms of naming conventions, loan collection policies, savings interest and withholding computations, Loan Interest computations, Penalty Computations, Dormant Accounts policies, Advance Payments, Order of Collections—principal, interest, savings, Mutual Aid Fund, etc.
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It has also a configuration (INI) file where in you can also set some of the parameters being used by the CommonCents
101
System.
Security and User Accessibility:
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Comprehensive and Unlimited Accessibility or Security Set-up. Can create unlimited number of user groups (with unlimited users in each group). These groups can have different accessibility rights depending on your set-up.
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Accessibility rights may be defined in a group level, menu level, form icon level and even on each object level with encryption in password. This means that each group can be restricted to a certain module by limiting its menu. Within the form, they can be restricted to the different icons and even to some objects (text, labels, grid, buttons, etc.)
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Has module that records login historical activities. These historical activities can be seen upon printing of the historical event reports.
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