Mfin ‘s is a very well designed and more flexible , and it is a user friendly with a maximum level of protection and maximum level of automation ,
We having a well web designing experts that can our customers can easily master our microfinance website , and our website delivering a outstanding customer service , and can operate very easily with a minimum number of staff .
Microfinance software is web based , module driven , microfinance software company is one of the financing and loan based company , and it having a very affordable loan interest structure and it is flexible .
And MFI is powered by the modules and reports which facilitate , microfinance software includes number of modules like branch management , product management , user management , loan processing , loan recovery , loan distribution , financial accounting , fund management for HO , fund management for branch , collection office management , and many more .
And the modules can be explained by one by one
1: BRANCH MANAGEMENT : a branch management module contains all the information related to branch office , region , division . it will manage the microfinance organizational hierarchy . and the features include New branch office , new division office , new regional office , and portfolio-backlog transfer .
2: product management : products are the financial offerings to the customer from a MFI and they are governed by the rules that specified by the microfinance organizations and these rules are the different for the every product . and their features include : create loan product , create survey field , loan gradation , fee registration & written off master
3: collection officer management : this modules consist of the group master and employee masters , the user can create the new group through their group master . groups are at the heart of the microfinance organization , on the other side employee details are stored by the employee masters , the collection officer management includes : create group , employee registration, and assign group to collection officer .
4: user management : this module defines the access restrictions and user management by using roles and also includes access restriction , there are five level of stages of the users based on the roles , such as Branch manager , regional manager , administrator , division manager , and also teller. and this features includes : create users change passwords and user data entry status .
5: Insurance management : this is the module that manages the customer death settlement with the insurance company . and this features includes the death documents from the branches , claim insurance , claim received , claim observed , death outstanding settlement and reclaim and the rejected claim .
6: Member registration : these module includes the care of our customer survey and group information , through the “create survey field user can maintain the customer survey filed . sub module can explain : first it manages to create a members , modify member details and transferring members between two groups with backlog-portfolio , and their features include , customer survey , survey review by BM , survey review by RM , new member registration , edit member , and group to group transfer .
7: Loan processing : loans helps fulfilling the goal of microfinance software by providing credits to the customers , microfinance can identify the proper and suitable customer with the help of loan processing modules . and it also manages the loan documentation and loan processing status and the loan recycle sub module maintains the loan recycle system . and the features includes document submit , loan processing and loan recycle .
8: Loan disbursement: the system will update all the installment amount and various charges basis on the loan product and automatically produced , when the loan is disbursed to a customer , the loan due date automatically scheduled according to the holiday master and grace period and all the respective ledgers get updated automatically . when the loan as been paid by the customers online , the system shows the paid loan number , the customer death manages by the death settlement value , the user may return the security amount to the customers without paying the loan amount , if a customer is dead .
9: Loan recovery : this module includes the date wise C.O collection , and manages group wise loan recovery , the system will automatically update the loan outstanding balance , once the payment has been applied in the system . due to the violations and or / non repayment etc, the customer loan account can be marked as the “written –off” on the basis of “definition of lateness” as defined by the HO .
10: Financial accounting : this financial module , allowing to do only the portfolio accountancy , but also the administrative accountancy , and this integrated with the all of the other modules , like shelf accounting packages such as cashbook , general ledger , trail balance , and cash flow .
11: Fund management for HO : and this modules includes fund receive , fund payment , and fund allocation to branch and transferring fund from one branch to another branch , and the features includes like fund received by branch , fund payment by branch, fund transfer and branch to branch payment .
12: Fund management for branch : this module includes the care of fund from the branch office , the fund transfer between branches is managed by the regional manager and it includes features like: fund received by branch , fund transfer and branch to branch transfer , fund payment by branch.
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Websoftex software solutions private limited
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Visit website http://websoftex.in/microfinance_software.php
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