The multiple charges offers greater flexibility and efficiency in managing recurring charges for member accounts. It supports better management of various charges associated with a member, such as lateness, absenteeism or any other penalty charges. Key Features How to Configure the Multiple Charges The Benefit of Multiple Charges
Wakandi CAMS gives provision to add multiple fees to a single loan application and manage them seamlessly. Borrowers can repay all associated fees in a single transaction through the teller module. How to Configure the Multiple Fees In the Teller module, all applicable fees for a loan will be displayed for streamlined payment processing.
Overview Steps Benefits This enhancement can significantly improve the loan application process and borrower satisfaction.
The automatic SMS notifications for loan repayments and overdue reminders are important because they ensure timely communication with borrower. These notifications can be configured directly within the Credit Product Policy (CPP) settings. Setup Process: Key Points: This feature streamlines loan repayment communication, reduces defaults, and ensures borrowers are well-informed about their obligations.
The Bulk Transaction Posting feature is designed to enhance efficiency by enabling users to process multiple deposits or repayments from a single ledger. Key Features: Workflow Overview: The Teller Page now includes a Parent Component for selecting Account Type and Transaction Type, with two operational modes: Bulk Transaction Process: Each bulk entry creates individual transaction…
The Transactor Name included in the account statement provides greater transparency and detail for every transaction recorded in the system. Steps to Explore the Feature: After submission, the receipt will include all the relevant details, including the Transactor Name, ensuring transparency and easy identification of transaction initiators.
You can now receive SMS and Email Alerts for group deposit transactions! For every deposit made to a group’s savings account via the Teller, notifications will be sent to the Chairman, Secretary, and Treasurer, provided their contact details are available. Procedure for Making Deposits via Teller: Once the deposit is made, a receipt will be…
Wakandi CAMS has an update to the import tool, introducing additional data fields for SACCO members and the Micro Finance Institution’s customers. This enhancement ensures more detailed member profiles, improved data accuracy, and streamlined management processes. What’s New? The following data fields have been added to the import tool to provide a more comprehensive member…
This feature enables administrators to customize loan applications by editing or overriding the following parameters, as specified in the Credit Product Policy (CPP): This customization applies exclusively to new loan applications. Steps for the New Implementation:
The Summarized Portfolio at Risk Report consolidates key portfolio data into a single, unified report, replacing the need for multiple reports. This enhancement allows administrators to analyze risk data more efficiently using flexible filtering options by Branch and Loan Officer. How to Access the Report Key Benefits of the Report