Transform is a web based solution that covers the entire array of requirements for Microfinance Institutions (MFIs). Customers from across the MFI sectors have derived satisfaction from the wide array of functionalities.
transform framework is a ground-up design keeping MFI requirements, processes and objectives in mind. Solution is available for MFI in flexible Capex and Opex models on in-premise and hosted modes.
transform run on various browsers and devices across platforms. It is built on cutting edge technologies that offer not only core functionality but also flexible integration with extended reporting & business intelligence tools.
Core Modules & Top features
- Customer Information File
- Group Management
- Transaction Management
- Dynamic Workflow
- Loan Appraisal
- Loan Servicing
- Loan Collection
- Credit Scoring Engine
- Saving & Deposits
- Bank Reconciliation
- Standing Instructions
- Maker & Checker Capability
- De-duplication
- Active Live Auditing
- Fool Proof Security
- Integrated Accounting
- Geo Tagging & Tracking
- Third Party Integrator
- Rule Based SMS for alerts
Customer Information File
Its helps to discover how effectively one can capture customer information and respond to compliance and regulatory requirements. The product runs a real-time de-duplication and scans against external black lists. The simple data model it affords, allows you to uncover revenue opportunities, reduce costs and increase customer satisfaction.
Transaction Management
its is a logical engine unit that contains various sub-sections used to affect one or many accounts at one time. It allows the user to perform all transaction based activities and system takes care of required validations such as (financial & non-financial) and updating books of accounts.
Saving & Deposits
Saving & Deposits module allow to create simple to complex savings and deposits schemes such as regular saving, linked-saving, fixed and unit based deposits, recurring deposits and interest pay-out deposits. It has various interest calculation types as Simple & Compounding with a flexible fee & charge linked options.
Loan Management
Loan Management comprises of three sections such as Appraisal, Servicing and Collection & Recovery. Appraisal module takes care of various stages of loan application & approval processes as per defined flow in product configuration. Servicing module takes care of disbursements, repayments, amendments & closure during the lifecycle of loan. Collection & Recovery module takes over of all those accounts if they miss or likely to miss repayments.
Standing Instructions
Standing Instructions modules act as the bridge between various products and services offered. It allows the financial institutions to set a task to be executed on some condition being met on a future date. The task might have to be performed with some periodicity like daily, weekly, monthly or ad-hoc etc.
Credit Scoring
Credit Scoring performs the task of statically analysing customer data. This includes both financial and non-financial data that are compared against the set criteria to approve the loan application impartially. It helps in the approval process by ushering in transparency and making apt decisions on data and facts presented in loan application. Credit Scoring Engine can consume the external credit scores to show commutative standing of borrower on credit worthiness.
Dynamic Workflow
its is a logical engine unit that contains various sub-sections used to affect one or many accounts at one time. It allows the user to perform all transaction based activities and system takes care of required validations such as (financial & non-financial) and updating books of accounts.
Maker & Checker
Maker & Checker works across the system whether it is a financial or a non-financial transaction and it enforces 4Eye review, where one person makes it and the other person checks it before it comes in effect.
