“Payment amount exceeds the outstanding loan balance. Please adjust the payment amount.”
We are excited to introduce a new feature in our system. The Improved overdue loan detection is a feature that will allow loans to be be flagged as “Overdue” based on specific provisioning rules rather than relying solely on late payment charges. This enhancement will ensure more accurate classification of overdue loans, leading to better…
This feature allows eligible members to apply for and receive loans instantly, providing fast and convenient access to funds. The admin can amend an existing loan policy to a quick loan or set up an entirely new loan with a chosen name. Popular names are Mobile loan, Instant loan, Chap chap among others. The convenience…
We’re excited to introduce a powerful enhancement aimed at increasing transparency, improving operational efficiency, and supporting better record-keeping. Teller-entered comments are now visible across multiple modules, giving your team and members clearer insights into the purpose behind each transaction. 🔍 Where You Can See Teller Comments 🏦 1. Teller Transaction History Quickly trace comments linked…
We have fixed an issue where the Fee Status Report showed mismatched balances that did not align with the Income Statement when filtered by a specific date range. Now, your reports are accurate, consistent, and fully aligned—ensuring smooth reconciliation and reliable financial reporting. To make fee tracking even easier, we have also added a loan…
This feature introduces a mandatory review process to ensure that no single user can independently initiate, approve, or complete significant transactions or changes. Workflow and Approval Levels: Importance of Maker checker1. Enhanced Transactional Control.2. Improved Accuracy and Oversight.3. Clear Role Definition and Accountability.4. Strengthened Compliance and Audit Trails. Steps to set maker checker for teller…
Users now have the option to settle their self-guaranteed loans by utilizing the blocked amount, offering them greater flexibility in managing loan repayments. This approach allows borrowers to tap into funds that were previously set aside or restricted, thereby providing an alternative way to make payments without needing to access additional cash or assets. It…