Enhancing Financial Traceability With Teller Fund Allotment in CAMS

We have introduced an improvement in fund allotment tracking, ensuring that once a teller’s fund allotment is approved, it impacts both the Cash at Hand and Reserve accounts in the system. This enhancement improves financial traceability, simplifies auditing, and ensures accurate fund movements within the system. Steps To Set Up Teller Fund Allotments Step 1:…

Teller Reversal for Loan Transactions

The Teller Reversal feature allows tellers to fully reverse transactions, restoring loan installments to their previous state. This ensures that any erroneous disbursements or repayments can be corrected seamlessly. Additionally, Concurrent Ledger Updates ensure that accounting ledgers reflect the transaction reversal accurately, maintaining precise financial records throughout the process. How to Reverse Loan Transactions Reversing…

Enhanced Member Data Import: New Fields for Improved Accuracy

The import tool has been upgraded to support additional data fields specific to members, enhancing profile accuracy and streamlining data management. These updates ensure more comprehensive member records, improving financial tracking and operational efficiency. New Data Fields Added ✅ National ID: Captures the member’s official identification number.✅ Occupation/Business Type: Records the member’s profession or type…

Ability to unblock Users

This feature allows administrators of financial institutions to quickly unblock users who have been temporarily locked out due to multiple incorrect PIN/password attempts. By restoring access promptly, it ensures seamless transactions, minimizes disruptions, and enhances the user experience while maintaining a secure and flexible authentication process. Steps 2. On the client details, click Unblock. 3….

Pay Off Self-Guaranteed Loans with Blocked Amount

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…