When a teller initiates a loan repayment, the system now automatically calculates the total outstanding loan balance, including: If the payment amount exceeds the total outstanding balance, the following validation error is displayed: “Payment amount exceeds the outstanding loan balance. Please adjust the payment amount.”
We’re excited to introduce a powerful enhancement aimed at increasing transparency, improving operational efficiency, and supporting better record-keeping. Teller-entered comments are now visible across multiple modules, giving your team and members clearer insights into the purpose behind each transaction. 🔍 Where You Can See Teller Comments 🏦 1. Teller Transaction History Quickly trace comments linked…
Managing loan interest just got easier! Our latest enhancement introduces a flexible interest waive-off feature, allowing users to waive interest at any stage—accrued, unaccrued, or total—directly from the loan details interface. ✅ 1. Waive Interest Anytime You can now waive: 📍 Access Path:Accounts → Loans → Loan Details → Waive Off Interest 🧾 2. Waive…
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…
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…
We’re excited to announce an important enhancement to member statement printing! 🎉 Previously, some printed statements were missing the SACCO name and logo—details that are essential for maintaining a professional and credible presentation. We’ve now resolved this issue to ensure every printed member statement proudly displays your SACCO’s identity. 🏢🧾 This update brings: ✅ Just…
The system now includes the total loan balance along with the due amount when members check their loans via USSD—ensuring accurate and complete information every time. Steps To check loan balance via ussd
We have upgraded the Quick Loan limit setup Previously capped at 100% of savings, you can now configure it up to 999% of the required savings percentage. Steps On How To Set Up Required Percentage Of Savings On Quick Loan 5. Scroll down to Quick Loan 6. Key in the Percentage amount required between 1…
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…