loans portfolio management ability to create thousands of loan products and categorise them per...
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LOANS PORTFOLIO MANAGEMENT• Ability to create thousands of loan products and categorise
them per industry, purpose, length of loan period and income of the target groups.
• Loan application, approval, collateral, Loan Guarantors and disbursement with the ability to give each borrower, special consideration in as far as interest rate, penalty rate, loan period.
• Automatic interest calculation of interest (Flat rate, Declining Balance, Armotisation), and penalty calculation
• Group/Member lending, and ability to track individual’s and group’s portfolio
LOANS PORTFOLIO MANAGEMENT CONT’D• Repayment frequency: Daily, weekly, bi-weekly, monthly,
bi-monthly, quarterly, semi-yearly, yearly, and any other user-defined frequency.
• Highlighting tending to bad debt loans, write-off and recovery of written-off loans.
• The loan module is linked to the Savings and Shares module, and hence the automatic management of Compulsory Savings and Shares.
• Loan Loss Provisions• Repayment schedule, skipping defined holidays• Loan Repayments from Savings Accounts• Borrower can take multiple loan simultaneously
LOANS PORTFOLIO MANAGEMENT CONT’DSavings Plus tracks loans on daily, monthly,
quartely and Annually, giving the following:• Arrears reports and corresponding Arrears
Rates• Repayment reports and corresponding
repayment rates• Ageing reports and loan loss allowances• Due payments as at any date of choice• Portfolio Analysis by gender
SAVINGS & SHARES MGT • Managing savings products (compulsory savings, fixed deposits,
free savings, etc) and defining their attributes such as interest rate, opening balance, minimum balance, maturity period, transactional and monthly ledger fees, etc.
• Awarding interest periodically.• With-Holding Tax on Interest automatic calculation• Automatic and triggered loan repayments from member’s
savings• Payment to any other account from savings• Purchase and transfer of shares, sharing dividends
Customisable Chart of Accounts
The chart of accounts presents an easy ready-made hierarchy of categorized accounts from the top level accounts such as assets, liabilities, expenses, income and equity to finer details of specific accounts. The ability to create and define your own
accounts under the above categories makes this module a joy to use. Each account is linked to the General Ledger, guaranteeing that the financial statements are always ready at any time.
Teller & Cash Managemt• Transfering cash to and from Tellers, SAFE and the
Institutions Bank Accounts • Bank and Teller Accounts Reconciliation on Daily
Basis• Bulk Transactions Upload from Excel files
FOREX & STOCK MGT• Buying of Foreign Currencies• Selling of foreign currencies• Automatic capture of profit realised on each sell• Buying and selling of other stock
HR & PAYROLL MODULE• Tracking employees’ details • Salary, allowances and deductions management• Leave management
SMS BANKING• Clients can access their loan, shares, savings
balances and other accounts related info on their phone
• Inquiries and comments can also be sent by SMS, replied to by the bank’s personnel
• Categorisation of the SMS complaints and comments to enable Management decisions
INTERNET BANKING• Clients can access their loans, shares, savings
statements from any where in the world as long as they have internet access.
• Clients can access the loan calculator and Scheduler online
• Clients are able to apply for loans right from their account. The systems advises them about the products available and how much they can borrow based on their savings, shares, and loan balances
ATM CONNECTIVITY• Savings Plus has capability to connect to ATM
Infrastructure to enable clients access their account balances, deposit, withdrawal and request for mini-statements.
Other Functionalities• Tracking loans and accounts payable, and their
installment payments• Fixed asset registry with automatic depreciation, and
provision to sell them• Reserve funds and provision to transfer to payable
accounts.• Tracking receivables and their corresponding
collections• Tracks expenses and any other incomes from all
sources
BUDGET & REPORTING• Savings Plus comes with hundreds of reports that
include Portfolio, Savings, Shares, General Ledger, Audit Trail, Financial Statements, etc. The portfolio reports include Due Payments as at any day and Ageing reports, whose ranges are user defined.
• Budget Controls by each account, on monthly and Annual Basis, producing the relevant reports such as Budget Perfomance and Variance Reports.
Online & Offline Branch Reconciliation• Savings Plus comes with hundreds of reports
that include Portfolio, Savings, Shares, General Ledger, Audit Trail, Financial Statements, etc. The portfolio reports include Ageing reports, whose ranges are user defined.
OUR CONTACT• Future Link Technologies (FLT) Limited• P. O Box 14697, • KAMPALA – UGANDA• Tel: +256-414-531274• Mob: +256-774-638790, +250782369321• Email: [email protected], [email protected] • Website: www.savingsplus.info, www.fl-t.com