The system supports configurable automatic loan provisioning, enabling financial institutions to customize provisioning rules to align with their specific requirements. This enhancement provides greater flexibility while ensuring compliance with internal policies, allowing institutions to manage loans more efficiently.
Overview The new Expenditure section simplifies tracking of unpaid transactions, providing better visibility into financial records. Additionally, enhanced Super Administrator access allows for quicker navigation and support, ensuring a more seamless user experience. These updates are designed to streamline financial management and enhance overall efficiency. What’s New? How to Access Your WBA Account and Explore…
A Group Column with filters has been added to reports, making it easier to sort and analyze data by group.This enhancement improves reports customization and usability. Reports with group columns and filters are listed below. Steps on how to acces the above reports.1. Click on Reports. Under Reports, click on Loan. The reports with the…
Members can now borrow the same loan product multiple times. This feature allows greater flexibility in loan management and accessibility. This enhancement improves member financing options and streamlines loan processing. To enjoy this feature, the admins are required to edit the Credit Product Policy and enable its functionality Steps 5. The final step is to approve…
The Exit/Deactivate Member feature allows organizations to manage inactive members while preserving their data for reporting, audits, or historical reference instead of permanently deleting records. Why Exit or Deactivate Members?✅ Compliance: Ensures adherence to organizational policies.✅ Data Retention: Keeps historical records intact for future use.✅ Flexibility: Provides a non-permanent approach to handling inactive members. How…
Overview CAMS now replaces the “Delete” function with “Exit/Deactivate,” giving administrators more control over user access. Users can be deactivated and easily reactivated without losing their access levels. This update improves user management and data retention, offering greater flexibility and security. Functionality Role-Based Access Control: To deactivate or exit a user, the admin must first…
Backdated transactions will now trigger an interest recalculation for the upcoming installments, ensuring accurate repayment schedules and interest adjustments for loans running on reducing balance. This is only applicable to loans with reducing balance Interest Rate calculation method. Steps First of all, edit the Credit Product Policy using the below steps Below is a loan schedule for a loan before making a backdated loan repayment Steps…