Different Modules of Microfinance Software

Microfinance software is a software which is basically designed for every financial transactions in an organization –be it small or big.It has different modules which defines the functions of microfinance software more easily.They are:

1)branch management:dealing with the information of a branch of an organization. Information includes features of a branch.number of workers, etc..

2)Product management:it includes providing the customers necessary information about the products and managing its demand and supply.

3)PO management: This is all about creating groups by the group master and the retainment of information of those groups by the employee master.

4)User management:It defines the restrictions and access of different users to different sites.

5)Insurance management:it deals with the negotiations of the insurance organizations with the death of the customer.

6)member registration:This topic gives  us a vivid idea about how to register a member or to modify their details.

7)Loan security management:many-a-times customers who take loans are unable to repay the money back on time.then the loan security management takes the responsibility of taking the money from them on a weekly basis or as convenient for the customer.

8)loan processing:including steps involved in providing a loan to the customer like document submission before loan sanction etc..

9)Financial accounting:it’s the process of keeping an account of the financial transactions between companies.

10)Fund management for head office:transfer of funds, funds allocation to different branches etc –all come under this module

11)Loan disbursement:after a loan is given to a customer, an interest is collected from the customer every month or on an agreement based way.this all comes under loan disbursement.

12)Loan recovery:last but not the least loan recovery keeps record of the loans already recovered.loans to be recovered,customers details.

The Microfinance Software should contain state of the art design and assistance for the customers and provide online help desk. It is a perfect choice for the targeted customers and smartly negotiates the problems and issues of them.