A new comprehensive report is now available, enabling SACCOs and MFIs to view all guarantors associated with a member’s loans covering both active and closed facilities. Key Capability Why You’ll Love It How to Access the Guarantors Associated With A Members Loan. Getting full visibility is super easy! Just follow these steps:
We’ve introduced a secure and flexible way for members to withdraw funds directly from their CAMS wallet to their mobile wallet while ensuring account rules and limits are maintained. Key Rules & Safeguards: After the administrator has made the request for the savings online withdrawal, the feature is ticked. The administrator should then make changes…
We’ve enhanced the subscription module to better support SACCOs and MFIs paying for multiple months in advance. This ensures accurate tracking and eliminates duplicate billing for future payments. Key Highlights: Why This Matters:
We’ve updated the Group Bulk Transactions module (via the Collection Sheet) to improve usability and accuracy when handling savings deposits. Key Update: Why This Matters:
We’ve enhanced the CAMS USSD payment channel to now support direct deposits to any savings account—whether individual or group-linked—using the “Pay to Account” option. Key Enhancements: Steps PAYING TO A DIFFERENT ACCOUNT Step 1 : Dial * 185 * 7 * 3 * 3 #Step 2 : Choose 1. to pay to any other accountStep 3…
We have enhanced the logic for loan fee calculation and distribution in the loan application process. Previously, loan fees were either applied upfront or added as a lump sum to a single installment. The updated logic introduces improved methods for calculating and distributing fees, ensuring greater accuracy and flexibility during loan processing. Now: Key Benefits:…
The Collection Sheet is designed to streamline and enhance the collections process by providing detailed financial data and flexible options for organizing transactions. It supports greater accuracy and operational efficiency by allowing users to input exact amounts and assign transactions to specific groups.This update enhances usability and streamlines group transactions. Key Features:
We’re excited to announce an important update to the overdraft feature the introduction of a Maker-Checker approval workflow for overdrawn accounts! With this improvement, all overdraft transactions will now require administrative approval before they are posted. This ensures an additional layer of verification, significantly reducing the risk of unauthorized or erroneous transactions. The benefits of…
We have improved the description section on provider statements. The details added include:- What This Means for You This helps SACCOsand MFIs easily differentiate between disbursements and online withdrawals across various payment providers.This enhancement ensures better clarity, tracking, and reconciliation for your financial operations.
A new enhancement has been introduced to enable Overdraft Functionality for Current-type Saving Products. This upgrade offers greater flexibility for account holders while ensuring financial institutions maintain full oversight and control. 1. Overdraft Functionality for Current Account Products Institutions can now enable Overdraft on current accounts during product setup. This is done by selecting the…