There are significant enhancements to the ‘Add Member’ page and the member import functionality, aimed at improving user experience and data management efficiency. Some fields are mandatory, while others are optional and can be added later by the admin. The mandatory fields on the ‘Add Member’ page have a red asterisk, as shown below.
The purpose of this new feature is to provide users with a seamless and efficient way to move funds between Wakandi Wallet and WBA. By enabling inter-transfers, we aim to enhance the flexibility and convenience of managing your assets, ensuring faster and more secure transactions across the platform. Steps 3. Click on Move Funds 4….
The purpose of this feature is to enhance flexibility and accuracy in managing group data. Users can now add or edit the Reference Number for created groups directly on the Groups biodata page. This ensures group information remains accurate and up-to-date. A new field has been added to the Groups biodata page, allowing users to…
Overview The User Management interface now includes a Reactivate option for deactivated accounts. This feature allows administrators to manage user access efficiently by activating and deactivating accounts as needed. Functionality Role-Based Access Control: How to Deactivate and Activate an Administrator How to Reactivate an Administrator This feature ensures secure and flexible admin control over system…
Wakandi is proud to announce that in February 2025, we completed the integration of Sanlam Insurance for both Kenya and Uganda. This marks a significant milestone in our mission to provide value-added services to our customers and their members. With this integration, SACCOs and Microfinance institutions can now seamlessly access Sanlam’s insurance products, offering their…
Users now have the option to settle their self-guaranteed loans by utilizing the blocked amount, offering them greater flexibility in managing loan repayments. This approach allows borrowers to tap into funds that were previously set aside or restricted, thereby providing an alternative way to make payments without needing to access additional cash or assets. It…
WAKANDI is pleased to introduce an update that enhances transaction tracking for our clients. The External ID (Transaction Code) is now included for each repayment in the Transactions tab of loan details, making it easier to differentiate payments. Additionally, the transaction code is now available in the Daily Transactions Report for better tracking and reconciliation. New Feature: “External Id” Column A…
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…
Backdated transactions will now trigger an interest recalculation for the upcoming installments, ensuring accurate repayment schedules and interest adjustments for loans running on reducing balance. This is only applicable to loans with reducing balance Interest Rate calculation method. Steps First of all, edit the Credit Product Policy using the below steps Below is a loan schedule for a loan before making a backdated loan repayment Steps…
The deductible disbursement fee feature for Quick Loans has been introduced to allow the system to automatically calculate and deduct the disbursement fee, ensuring that loans are disbursed minus the fee amount. This fee functions as an upfront interest, ensuring seamless processing and accurate loan disbursements. Steps on how to set the quick loan disbursement…