The Mikrof is a web-based, dash-board driven Micro-Finance Management software specially developed for the Microfinance Institutes to automate their work-flow. The solution comes with an immense capability of synchronizing real time data, management level monitoring and centralized financial report consolidation. By means of adopting the solution, every aspect of microfinance business would readily be performed with secured transactional data entry which needs less effort and human touch. The solution also runs in compliance with Regulatory Authorities, Patrons, Partners, Donors and Funding Organizations. Microfinance organizations can avail this solution integrated with Management Information System (MIS), Accounting Information System (AIS) modules.
Fully real time web based solution. No separate data synchronization is needed Well implemented cashless branch system with better security and electronic transactions Availability of Microfin360 inspired smart card for unique borrower identification and flawless transaction Users are able to process and manage data at the institutional level, both at central offices and in remote locations No need to invest on costly data centers. The entire application is hosted in our lightening fast and secure data center Integrated push-pull SMS notification service enabled both for management and borrowers Completely paperless collection is enabled through android app Reduce processing time by 200% Improve overall organizational efficiency and profitability Easy and faster migration process with fail-over mechanism Remote access to get information anytime anywhere Mobile/Tab friendly application Dash-board driven information of MFI and all its branches Easy and centralized administration Auto ID configuration for Branch, group/center, member/borrower, loan and savings/deposits, employee, vouchers Funding Organization & Regulatory Authority compliant reports Track financial transactions and create reports for management, donors, and regulators Become more systematic in their operating procedures in order to handle a much larger volume of information Establish transparency and good governess More than 200 parameterized daily, weekly, monthly and date range wise reports and registers Low bandwidth friendly – suitable for remote places using cellular networks Integrated core modules Management Information System (MIS) Accounting Information System (AIS) Human Resource Management (HRM) Define unlimited number of loan product types with customizable repayment behavior Instant SMS notification on Loan disbursement and Loan Transaction Identification of good and bad loanee Interest calculations: Flat Declining balance – equal monthly installments (EMI) Declining balance – equal principal installments Declining balance – Index Based Loan-wise predefined schedule preparing Target set and achievement analysis based on loan activity Ability to schedule loan disbursals and repayments independent of meeting schedules Loan defaults based on previous loan amounts or cycle Define grace periods for loan repayments Support for periodic fees, fees deducted at disbursement, one-time fees, and penalty charges Support for early & partial loan repayments with rebate facility Display of loan repayment schedules and detail loan account activity pages Automatic update of repayment schedule if client/group’s meeting day changes Variable loan installments and Support for adjustments Support for adjustments Allows loan write off Automatically change loan account state Repay total loan at any point in loan cycle Add notes to loan records Support for loan rescheduling Support for back-dated payments with automatic voucher update Ability to generate voucher and receipts directly from loan account page Allows loan waiver for death member Allows loan write off Dashboard driven module that provides information of MFI/individual branches Auto voucher code configuration Search voucher by prefix/suffix/transaction date etc. All MIS financial transactions triggers auto accounting vouchers System allows manual vouchers for regular expenditures and other operations Fund transfer among branches Supports budget/budget variance Dashboard driven module that provides information of MFI/individual branches Auto voucher code configuration Search voucher by prefix/suffix/transaction date etc. All MIS financial transactions triggers auto accounting vouchers System allows manual vouchers for regular expenditures and other operations Fund transfer among branches Supports budget/budget variance Supports dig down report to get track of transactions Prevents unauthorized back dated data entry Supports up to unlimited depth level in chart of accounts Supports donor loan management and scheduling Supports all the major financial reports like: Trial Balance Receipt-Payment Statement Income Statement Balance Sheet Cash flow statement Ledger reports Daily Transactions Bank and Cash Book Fund transfer Subsidiary ledger report Notes to balance sheet and more.. Support for Bangla and English. Easy to localize to other languages Ability to specify all install-time configurations User-interface to configure system configurations Specify supported payment types (cash, voucher, checks) Define unlimited custom fields for client, group, center, accounts and system users Ability to schedule holidays and loan moratoriums (office and branch-wise) and have loan, savings, and fee schedules automatically updated Built in Practice/Training session Web Based System Customization High Security Easy interface with Comprehensive Accounts Software No Manual integration of multiple branch reports into a consolidated central report Easy to monitor and track Branch activities and Financial performance
Configuration Role Based Access Control (RBAC) Multiple Office/Branch Setup Employees Groups Migration Member Member Information Member Group Transfer Member Closing Member Reports Savings Savings Products Savings Deposit & Withdrawal Savings Colosing Saving Reports Loan Loan Products Loan Accounts, Transaction Death Member Register, Waiver Loan Rebates Loan Write off Loan Reports Process Transaction Authorization Transaction Un-authorization Collection Sheet Day End and Month End Process Reports Standard Reports Pre-formatted Reports Customized Reports