Accounting for a microfinance organization

Accounting for a microfinance organization

Accounting for a microfinance organization is available as a simplified management and control system when implementing a specialized program capable of multitasking and operational efficiency. The software helps improve the quality performance of all organizations without exception, regardless of the field of activity. The program that we offer you to consider "Universal Accounting System" can really be installed on any working device, regardless of the number of employees, providing each employee with the necessary tools to automate daily processes.

The software is convenient in terms of quickly implementing assigned tasks, planning and automatically performing business processes with regulation and analysis of quality and terms of action. In addition to the pricing policy suitable for the budget of each organization, it is also worth noting the absence of a monthly subscription fee, significantly saving the company's budget. The program has a wide functionality due to the presence of modules and tools that are selected by each organization and users individually. Installation of the software is carried out regardless of the operating system, quickly configured for user needs, taking into account the desktop settings. The application is intuitively adaptable, does not require wasting time. Thus, the manager of a microfinance organization will be able to remotely analyze work activities with a financial component.

Accounting of a microfinance organization

The microfinance organization's accounting is performed automatically, increasing capital by increasing demand for the services provided, quickly processing applications for loans and credits, including displaying data in digital documentation. With the application, it is easy to analyze the work activities of the staff, displaying all actions on the main computer. It is possible to control the work of users by synchronizing work devices with the main computer, recording and reading on the monitor the actions of employees in interacting with clients, transmitting information data and messages, completed volumes of planned work, etc.

Based on the general calculated indicators, it is possible to increase discipline, eliminating the occurrence of errors or falsification of data, information leakage, rewarding employees for active and high-quality work. Each user will be a personal account holder after registering in the system. The account allows users to log in and perform work processes, recording everything in electronic form. Each employee in the user mode will be provided with a certain level of access to information data, ensuring the safety and confidentiality of materials. All information will be saved in the proper form, in the original format with the support of various file types in a single information space, without limiting either in terms or in volumes. At the same time, it is worth considering that when outputting and using various materials, information about the time of data output will be recorded in the electronic journal.

Accounting in microfinance organizations

Accounting in microfinance organizations is performed efficiently, efficiently, without the need for additional time spent on entering registration data, filling out documentation, calculating the loan amount. All processes will be automated. The software is capable of working unifiedly with various applications, a website, high-tech equipment, accelerating and simplifying the execution of tasks. Thus, when integrating with 1C accounting, accounting will be conducted in a single analytics and management system. Thus, the head of a microfinance organization will be able to receive information on the financial activities of the credit company at any time, compare funds in each cash desk and in the current account daily. It is also possible to generate and provide management with the necessary information in graphs and diagrams on statistical and analytical indicators.

The application has the ability to analyze data on the increase or decrease in customer interest in obtaining loans and credits. At the same time, it is possible to analyze and predict further activity based on general statistical indicators. The convenience of comfortable and coordinated work of all structural divisions is provided when they are combined into a single network. Thus, the management will be able to see the status of actions in each division, comparing total income. Also, via the internal network or the Internet, users will be able to interact during teamwork to exchange information data. For example, when combining divisions, the manager will be able to quickly create a new loan application, the cashier will see the amount and prepare it for issuance to the borrower. After preparing the amount of money, the manager will be able to redirect the client to the cash desk, drawing up further accompanying documentation. Thus, all processes will be streamlined, recorded and accelerated, serving more clients and, accordingly, increasing the company's income.

Accounting for microfinance organizations

Accounting for MFIs is carried out autonomously, recording each user action. The application is quite convenient for accounting and control over document flow. When working with documentation and reporting in digital format, the use of templates is viewed, which will be filled in according to samples. Thus, when opening a loan form, managers do not need to manually enter detailed information, half of the fields required for registration will be filled in automatically by the system. The employee will be able to quickly remember the remaining information on borrowers and the interest rate, the term of the agreement, partial repayment of debt, using the existing information, i.e. selecting them from the list in separate databases. For example, data on borrowers will be recorded in a single CRM client database, regularly supplemented during requests and loan processing. The information will contain correct information on contact phone numbers and e-mail, data on existing loans in other credit institutions, interest rates, loan repayment periods, accrued penalties, etc. It is also possible to attach scans of documents, photographs that can be used directly from the web camera. The photographs will also be used by the system to identify the borrowers, supplementing the information with the date and time of visiting the branches.

Accounting of microfinance organizations

Accounting of microfinance organizations is performed on the basis of automated processes due to built-in configurations. Calculations are performed by the application automatically, using an electronic calculator, with specified algorithms of actions. Thus, it is possible to quickly calculate the loan amount taking into account a certain interest rate, subsequent accrual of penalties for late payments, including recalculation in case of preliminary repayment of the loan. The manager will be able to study in detail the activities of the microcredit organization, including recalculation of the payment amount when the exchange rate changes. Thus, for any period of time, the system will record information on the status of payments, including the exchange rate difference. The system provides a guarantee of protection of the microcredit organization from losses.

Thus, when the exchange rate changes, the system will automatically read the data and recalculate when notifying borrowers through messages sent. Also, by means of mass or selective mailing of messages to mobile operators or e-mail, it is possible to congratulate clients on various events, attaching greeting cards, as well as reminding them of the need to make a payment, the terms of the contract, about trades, etc. The company manager can see the activity of subordinates, analyzing data on interaction with clients (by calls, meetings, sent information messages, etc.). The accounting system also allows for optimization of employees' working time when synchronizing with the site, where clients can independently familiarize themselves with the terms of lending, submit an application.

Accounting in MFO is correctly performed with coordinated actions with the 1C system. It also provides the possibility of integration with banking systems and payment terminals, providing acceptance of payments in non-cash form, supporting the multicurrency mode. The formation of documents and reports provides for both instant and subsequent printing on printers of any models. If the system already has up-to-date information on borrowers, loans, collateral, there is no need to re-enter data. Importing information minimizes time consumption, allowing employees to use work resources for more necessary tasks. In the task scheduler, it is possible to enter deadlines for the execution of certain processes and the application notifies about them with pop-up messages on the desktop screen. For the best work, it is provided to customize the language bar, serving foreign-language clients. Also, for the convenience of using the automated system, the use of mobile devices is monitored. For each working device, a separate licensed version of the program is provided. To display information data from a single information storage by users, a contextual search engine will be used. The rights of use according to official position will be delimited, providing unlimited possibilities only for management.

Accounting in MFIs

Accounting in MFO is performed qualitatively, displaying internal organizational processes in detail. Management will be able to control the work in each division remotely, mainly using video surveillance. Also, for convenience and keeping records of requests, the use of the ultra-modern "ATS telephony" function is provided. Thus, employees can familiarize themselves with up-to-date information on loans and clients even before answering an incoming call, answering a call with a prepared speech, addressing by name for disposition and increasing loyalty. When using the latest functional solutions, it is possible not only to improve work processes, but also to increase customer interest and loyalty.

Accounting for MFIs

Accounting for MFIs in the form of specialized software will become correct and overlay. To select specialized software, preliminary market monitoring is provided, comparing the necessary functionality, as well as the cost that suits the company's budget. Also, to get acquainted with the capabilities of the application, it is necessary to test the utility by installing a free trial version. In addition to familiarization is a consultation with specialists. To consult with our specialists of the Universal Accounting System company, you must first visit our official website, where contact information is indicated. The site also contains customer reviews, a brief video review, modules and tools that can be pre-selected in an individual form. We express our gratitude in advance for choosing our automated program, which will serve as an indispensable assistant for many years to your business, contributing to active development and increased profitability.