The Exit/Deactivate Member feature allows organizations to manage inactive members while preserving their data for reporting, audits, or historical reference instead of permanently deleting records. Why Exit or Deactivate Members?✅ Compliance: Ensures adherence to organizational policies.✅ Data Retention: Keeps historical records intact for future use.✅ Flexibility: Provides a non-permanent approach to handling inactive members. How…
Wakandi has introduced its Loan Details and Reporting features to provide a deeper understanding of loan information. The updated Loan Details section, visible on the member’s loan dashboard, now includes a detailed Arrears Breakdown, featuring: Loan Status Tracking In addition to the enhanced loan details, Wakandi now offers improved loan status tracking with a clear,…
We have introduced a Maker Checker process for adding and updating member bank details. The work is as below Member Side Functionality: The functionality for members to add and edit their bank details remains unchanged. Members can still add their bank details directly without the Maker Checker process. A member can follow the below step…
The system has been enhanced to allow the import of multiple Fixed Deposit (FD) accounts with the same product name for a single member, offering greater flexibility in managing FD accounts. Follow the steps below to execute the process: By following these steps, you can easily import multiple FD accounts for the same member, streamlining…
The “Unclose Loan” feature in Wakandi provides valuable advantages for SACCOs and MFIs by allowing admins to make necessary loan adjustments after a loan has been closed, without disrupting financial records. Benefits 1. Flexible Loan Adjustments 2. No Impact on Ledgers 3. Easy Re-closure After Adjustments 4. Improved Accuracy 5. Enhanced Workflow Efficiency The Unclose…
To streamline navigation and improve usability, the Loan Application List Page and Loan Page View have been revamped with new features and better organization. Updates to the Loan Application List Page The Loan Application List Page now features four tabs for improved categorization and quick access: These tabs make it easier for users to locate…
The Loan Application Charges Payment – Auto Debit from Savings Account feature allows members to conveniently pay their loan charges before the loan is disbursed. This automatic payment method ensures that loan charges, specifically for the Credit Product Policy (CPP) that necessitates payment at the time of loan application, are seamlessly managed. How It Works…