Overview Users can post Corporate Tax payments in the Wakandi CAMS system, with automatic posting of account notes in tax ledgers for accurate and efficient tax record management. Corporate tax is a government-imposed tax on company profits. In CAMS, it helps track tax payments and ensures accurate ledger entries. Setting Up Corporate Tax in CAMS…
Overview The STK Push functionality ensures a smoother loan repayment and savings contribution process. Clients will now receive a prompt to enter their mobile money wallet password upon initiating a payment. Once confirmed, the payment is securely processed, deducting the amount directly from the client’s wallet and crediting it to the SACCO/MFI account. This functionality…
Overview Group reports give clear information about how each group is doing, helping admins make better decisions, ensure transparency, spot trends, and track performance over time. Below are the procedures to access the group report Steps to Access Group Reports: Group Names In Reports In addition to the above, a column titled Group that contains…
The Group Transaction (Collection Sheet) feature allows users to process multiple transactions for a specific group in a single operation. It provides a detailed breakdown of amounts for each member, including loans, savings, and charges, ensuring accuracy and efficiency in collections. By selecting a specific group, all associated members are displayed, streamlining bulk transactions and…
The withdrawal charges feature ensures a transparent and seamless transaction experience by deducting fees directly from the member’s account balance. This allows members to receive the full withdrawal amount they request, eliminating unexpected deductions. It enhances trust, improves financial clarity, and ensures accurate charge application, making transactions more predictable and user-friendly. Follow these steps to…
Overview The messaging feature helps administrators manage communication effectively. They can view message logs for transparency, control SMS and email preferences for admins and members, and update messaging templates to ensure clear and consistent communication. This feature enables an admin to create a message template and specify the target segment for message delivery. The following…
Overview The system supports configurable Loan Risk Classification within the Credit Policy, enabling the financial institution to define and customize risk management criteria based on their policies. This feature allows institution to classify loans according to risk levels, ensuring a more tailored approach to loan provisioning and compliance. By setting specific risk parameters, the credit…
Overview The login and authentication process for both the Admin and Member app now utilizes a PIN, enhancing security, streamlining the login process, improving the user experience, and minimizing the likelihood of forgotten credentials. Steps to Set Up PIN: Steps To Reset Pin 1.Click on the Wakandi app, then click on Forgot PIN. 2. Click…
The Holiday Management feature provides financial institutions with the flexibility to manage interest collection during holidays and working days. Institutions can adjust interest rates on holidays, either applying standard rates or waiving them entirely. Additionally, this feature allows them to configure working days by excluding weekends or other non-working days, ensuring alignment with operational policies….