musoni system release 1.30musonisystem.com/.../2017/05/musoni-system-release-1.30.pdfmusoni release...

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Version 1.30

Release Notes

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ReleaseNotesOverviewThe Release Notes are a comprehensive overview of the new features andfunctionalityaddedaspartofMusoni’s latestrelease.Thesenotesaredesignedtogive you all the information you need to immediately understand and startbenefittingfromthenewfeatures.For each new feature, we give a high level description of the functionality, andprovideastep-by-stepwalkthrough,alongwithscreenshotsofhowtostartusingthesystem.Ifyouwould like to learnmoreaboutanynewfeature,pleasecontact theMusonisupport team on support@musonisystem.com who will be happy to answer anyquestionsyouhave.

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TableofContents

1. TellerModule 4

2. Interbranchtransactions 7

3. SMSTriggersforSavingsDeposits 9

4. PartialInterestAllocationforGuarantors(P2PLending) 11

5. ReportingUpdates 12

6. SmallerImprovementsandBugFixes 14

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1. TellerModule

We have now added Teller Management to theMusoni System, enabling you toeasily set up Tellers, add Cashiers to Tellers, manage the incoming and outgoingfundsonanytillandsettleupattheendoftheday.BeforesettingupanyTeller,youfirstneedtoconfiguretheGLAccountsthatwillbeused as your “Main Vault” account and the “Teller”. You can do this by going toConfiguration>Products, and then clicking on the ‘Financial Activity’ tab. You canselectyourpreferredGLsfromdropdownsasshowninredbelow.

WhenyouallocatefundstoaTeller,thentheGLusedasyourmainvaultaccountiscredited, and the GL used as the Teller account is debited. The reverse happenswhenyousettleuptheTellerattheendoftheday.To create a new Teller in the system, go to Accounting > TellerManagement, asshowninthescreenshotbelow:

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FromhereyoucanseealistofalltheTellersinyourorganisation,aswellasaddnewTellersbyclickingonthe“NewTeller”button,asshownbelow:

Whencreatinganewteller,youarerequiredtoentertheTellername,thebranchthetellerislinkedto,andashortdescriptionbeforeclickingsave.

Oncecreated,youcanlinkyourCashiertotheTellerbyclickingonthegreen“AddCashier”button,andthenselectingyourcashierfromtheUserslinkedtothebranch.Please note that onlyUserswho have been linked to a Staffmember in theUserconfigurationwillbeavailabletobeselectedasCashiers.

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OnceaCashierisassignedtotheTeller,youcanthenallocatefundsfromthemainvaulttoyourTelleraccount(AllocateFunds)orfromtheTellerAccountbacktothemainvault(Withdrawfunds).TypicallyyouwouldallocatefundstotheTelleratthebeginningoftheday,andwithdrawthematthecloseofthedaywhenthetillsarereconciledandplacedbackinthebranchvault.

Any transactionsmade during the day by the Cashier will be shown in the list oftransactionsontheTellerpage,andwillaffectthebalanceoftheTellerAccount.Attheendof theday you can remove theCashier from theTeller by clickingon the“RemoveCashier”button.

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2. Interbranchtransactions

MusoninowsupportsinterbranchjournalentriesmakingiteasyforyoutotransferfundsfromHeadOfficetomultiplebranchesinasinglebooking.Beforecarryingoutainterbranchjournalentry,youfirstneedtospecifythecontrolaccount that the system will use. You can do this by going toConfiguration>Products, and then clicking on the ‘Financial Activity’ tab. You canselectyourpreferredGLfromthe“InterBranch”dropdownasshowninredbelow.

Once this is done, to carry out an Inter branch journal entry simply navigate toAccounting>Journals,andclickontheblue‘CreateJournalEntry’button.

Youwillnowseethatratherthanselectthebranchthatwillbeusedfortheentirejournalsentry,youcanselectthebranchforeachsideofthetransaction. Ifyou’recarryingoutamulti-branchjournalentrythenyoucanselectdifferentbranchesforeachcreditordebit(Note:youcannotdomultibranchonboththecreditanddebitside).

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Once you are happy with your Inter Branch journal entry, then click ‘Add’ anddepending on whether you have activated maker-checker for journal entries, thebookingswilleitherbeprocessedormovedtoaPendingApprovalstage.

Once approved, then the system will process the bookings, using the ControlAccountpreviouslyconfiguredtomovethefundsacrossthedifferentbranches.Seebelowfortheactualbookingsthatwouldbecarriedoutforthejournalentryabove(NotetheuseoftheControlAccount).

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3. SMSTriggersforSavingsDepositsItisnowpossibleforMusonitosendSMSmessagestoclientsatthemomentspecificevents linked to Savings Accounts occur in the system (previously SMS triggercampaigns were limited to events on Loan Accounts). Examples of these eventsinclude savings account activation, deposits, or withdrawals. This means that youcannowusetheSMSmoduletosendclientsamessagewheneverasavingsdepositismade,providingreassurancetotheclientthattheirfundshavebeenreceived.You can set up the new SMS business rules in the same way that you wouldconfigure any other SMS campaign. First navigation to Configuration>SMSModuleandclickon“Createnewcampaign”.

Selectthecampaigntype“Triggered”:

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ThenselectwhicheventyouwouldlikethesystemtouseasthetriggertosendouttheSMSmessages(we’veselectedSavingsDepositintheexamplebelow).

You can filter the SMS campaign by branch, loan officer and group/individualaccount.Onceyou’vecompletedtheconfiguration,click ‘Next’toenterthetexttobeusedinthemessageitself.UsethetagstopersonalisetheSMStoeachcustomer.

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Finally,click‘Next’toseethepreviewofyourcampaign,beforesaving.Oncesaved,the campaignwill have the status “PendingApproval”. A seconduserwill have toapproveitbeforemessagescanbesent.

4. PartialInterestAllocationforGuarantors(P2PLending)It isnowpossible topayout interestearnedonany loan to theguarantorsof theloaninthemiddleoftheloancycle(previouslythiswasonlypossibleoncetheloanwas fully repaid). This functionality isdesigned tobeusedbyP2P lendersandwillonlyworkonaccountswherethe“SplitInterestAmongGuarantors”issetto“Yes”intheloanproductconfiguration.

Oncetheloanproductisconfigured,anyloanaccountsoftherespectiveproductwillnow showanewbuttonon the loandetails page labeled “Guarantor Interest”, asshowninredbelow:

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Whenclicked,anyinterestalreadypaidontheloanwillbedistributedbetweentheguarantorsoftheloaninproportiontotheamountoftheloantheyguaranteed.Thefundswill automatically be transferred to the guarantor’s savings account (havingbeenbookedfromyourinterestincomeaccount).Intheeventthatanyrepaymentsmadeintotheloanarereversedafterinteresthasbeenpaidouttotheguarantors,clickingthe“GuarantorInterest”buttonwillreversetheinterestallocations,withdrawingthefundsfromtheguarantor’ssavingsaccount.This process can alsobe triggered through theMusoniAPIs. For anyquestionsonthispleasecontactsupport@musonisystem.com.

5. ReportingUpdatesAs part of this release we have made a number of improvements to the systemreports:5.1FieldOfficerCollectionReportnowshowsIndividualClientsThe FieldOfficerCollectionReport (foundunderReports>LoanReports)previouslyonly showed accounts for clients who were in a Group. The report will now alsoshowanycollectionsdueforindividualclients.5.2SavingsAccountReportTheSavingsAccountReport(foundunderReports>SavingsReports)nowgivesuserstheoptiontorunthereportforspecifictimeperiods,aswellastofilterbyproduct.

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5.3ClientsOverviewReportThe ‘Activation Date’ for the client has now been added to the Clients OverviewReport(foundunderReports>ClientReports).

5.4InstitutionArrearsReportTheAccountIDoftheloaninarrearshasnowbeenaddedtotheInstitutionArrearsReport(foundunderReports>LoanReports).

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6. SmallerImprovementsandBugFixes

• MS-588Improvementto'InMultiplesOf'onloanproductconfiguration• MS-1322Showcustomformslinkedtogroupcreationinthegroupsworkflow• MS-1318ImplementchargesamountoverrideintheTabletApp• MS-1281Translationofdropdownfieldsinpermissions• MS-1269Additionof 'Myactions'tabinpendingtasks(enablingauserwho

creates an entity pending approval to view that entity without having thepermissiontoapprove)

• MS-1239Guarantorphonenumbershownonloandetailspage• MS-1228 Change 'View' when selecting account to transfer funds to, to

'Select'• MS-1223BlockdeletionofGLorchargewhenattachedtoproduct• MS-1212Retrievealldatatablesentries,attachedtotheoneentity• MS-1200Reducelogginginmodel.logandapplication.logfiles• MS-1193Additionofdatefiltertowriteoffsreport