Micro-finance Management

“Manage Micro-finance with Ease!”



 

Optimum Micro-Finance Management is a full-fledged E-ERP (Electronic Enterprise Resource Planning - Total browser base) system that covers all operations of micro-finance banks and other institutions. It is a multi-company, multi-branch and multi-location system. It is capable of handling complete loan management at micro level.

 

Optimum Micro-Finance Management ERP is a multi-currency software at the commitment level and at the settlement level. It has in-built limit authorization and workflow approval processes. The drill down facilities are incorporated in the system at all levels. The inquiries and reporting capabilities ease the job and give a competitive edge to the users and to the organization.

Micro-Finance (E-ERP) Module:

Why Optimum?
Product Specific
  • Full Micro-Loans Management
  • Forms Designer
  • Current Accounts Management
  • Compliance with CBB Laws
  • Multi-Store / Multi-Location
  • Multi-Branch
  • Multi-Currency
Product General
  • In-Built Document Workflow
  • Unlimited Workflow Levels
  • Bi-Lingual Arabic/English
  • Powerful Security Control
  • Fully Integrated ERP
Technologies
  • Internet / Intranet Based
  • Accessible Through Any Browser
  • ASP.NET & C# Development Tools
  • Microsoft SQL Database
  • Mobile Application

FUNCTIONALITIES

 

Optimum Micro Finance Module includes the setup for loan applications where in any kind of form can be setup in system to be available online for loan application with following features:

  • Multiple types of loans:
    • Islamic
    • Interest bearing loan etc.
  • Multiple type of loan periods:
    • Long-term
    • Short-term etc.
  • Multiple names of loans:
    • Building loan
    • Purchase loan etc.
  • Create multiple loan formulae for:
    • Loan Terms
    • Calculation of benefits, Murabaha and commissions
    • Duration of loan
    • Loan extension
    • Method of cancellation
    • Related accounting treatment
    • Reliable documentary movement
  • Multiple types of current accounts:
    • Benefits
    • Murabaha
    • Fees and commissions
  • Inquiries and reports
  • Electronic alerts via e-mail

 

Optimum Micro Finance Module includes the management for loan applications with following features:

  • Online or offline loan application forms
  • Fill in the form electronically and attach all documents of the applicant
  • Data validation for mandatory fields
  • Send the request electronically to the Operations Department
  • Distribution of applications by operations staff processes electronically
  • Move the application electronically by approvals and authorizations from one department to another
  • Follow-up application by:
    • Operations Officer
    • Verification Officer
    • Senior management, according to the time available for each action
  • Approval or rejection of application electronically
  • Issue remittance advise for the loan
  • Post accounting entries
  • Inquiries and reports
  • Electronic alerts via e-mail

 

Optimum Micro Finance Module includes the management for current accounts with following features:

  • Open all types of current accounts
    • Current Account
    • Murabaha Current Account
    • Calculate fees, commissions, interest and Murabaha automatically
  • Send electronic statements automatically
  • Inquiries and reports
  • E-alerts

 

Optimum Micro Finance Module includes the management for loans with following features:

  • Open loan
  • Calculating sales commissions
  • Calculation of benefits and Murabaha
  • Charge premiums according to the duration of the debtors account
  • Follow-up installment payment until maturity of loan
  • Issuing receipts
  • Calculate installment loan by loan type
  • Post accounting entries electronically
  • Dealing with the repayment of the loan electronically by documentary movement
  • Dealing with the extension of the loan electronically by documentary movement
  • Dealing with the maturity of the loan electronically by documentary movement
  • Record debts
  • Follow-up collection electronically
  • Electronic reports and inquiries
  • Send alerts by email, text messages, fax etc.

 

Optimum Micro Finance Module includes full-fledged functionality of customer services management with the following features:

  • Customer Setup:
    • Basic data for the customer
    • Individual customer contacts
    • Define customer credit limit
    • Date of issuance of statements
  • Create a service request electronically through:
    • System
    • Mobile Application
  • Create a maintenance request electronically through:
    • System
    • Mobile Application
  • Create inquiries request electronically through:
    • System
    • Mobile Application
  • Print account statements electronically
  • Inquiries about the account electronically
  • Send alerts electronically via e-mail

 

A comprehensive reporting and inquiries module makes it easy to extract all types of reports in real-time electronically with following features:

  • Loan reports
    • Islamic
    • Non-Islamic
  • Current Accounts Reports
  • Reports for central bank
  • Interest and currency reports
  • Financial Reports
  • Send reports by e-mail