We are excited to introduce a significant enhancement to our system: the ability to import overdraft (overdrawn) account balances directly! This new feature is designed to streamline the process of managing negative balances, ensuring that institutions can maintain accurate and up-to-date records with greater ease and efficiency. Key Benefits Conclusion This enhancement marks a significant…
We are excited to announce a significant enhancement to our Credit Policies: the “Accrue Interest After Maturity” toggle. This new configuration option empowers users to better manage interest accrual on overdue loans, providing more flexibility and control over financial obligations. Key Features: Interest Cap Configuration With this new feature, users can set a maximum interest…
In a significant enhancement to the Teller Module, a dedicated Expenses Report is now available, designed to streamline expense tracking for tellers. This new feature empowers tellers to independently monitor their recorded expenses, enhancing operational efficiency and oversight. What’s New The Expenses Report provides a comprehensive view of all expenses logged by the teller. Key…
In our latest update, we have addressed a critical bug that affected the visibility of the Loan Officer’s name during the accounts import process. This fix enhances the user experience by ensuring that all relevant data is accurately displayed. Previously, when users imported account files, the assigned Loan Officer’s name was not visible. This led…
We are excited to announce a significant enhancement to our Accrued Interest Report! This new feature now includes closed loans that were active during a selected date range, providing users with a more comprehensive view of interest accruals. What’s New? Benefits Take an example of the closed loan below; You will now be able to…
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…
We are excited to announce a new feature for our savings product: members can now open multiple savings accounts under the same product. This enhancement provides greater control and flexibility, allowing individuals to tailor their savings strategies to meet their financial goals. Whether for emergencies, vacations, or future investments, this personalization enables a more effective…