The “Maker Checker” is responsible for creating and initiating data capture or editing, while the “checker” is responsible for verifying and approving these transactions. This separation ensures that at least two individuals are involved in updating member details. This ensures that security and accuracy are enhanced; a new approval workflow has been introduced, and the steps…
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….
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
The dashboard is back and better than ever, providing a detailed breakdown of key reports in an easy-to-understand graphical format. These reports deliver critical insights into platform activity, including: Metrics are displayed on a month-by-month basis, offering clear tracking and trend analysis over time. Key Enhancements: Steps to Customize the Dashboard Benefits of the Updated…
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…