Zero Expected Amount For Savings In Group Bulk Trasactions
We’ve updated the Group Bulk Transactions module (via the Collection Sheet) to improve usability and accuracy when handling savings deposits. Key Update: Why This Matters:
-
-
Automated Interest Accrual & Payout on Savings Accounts
What’s New? We are excited to announce a groundbreaking feature in our CAMS: Automated Interest Accrual & Payout for savings accounts. This new capability empowers Savings and Credit Cooperative Organizations (SACCOs) and Microfinance Institutions (MFIs) to seamlessly configure and automate the process of interest accrual and payouts. ⚙️ Key Capabilities 🔄 Flexible Interest Accrual Frequencies…
-
Enhanced Descriptions On WBA Statement
We have improved the description section on provider statements. The details added include:- What This Means for You This helps SACCOsand MFIs easily differentiate between disbursements and online withdrawals across various payment providers.This enhancement ensures better clarity, tracking, and reconciliation for your financial operations.
-
Overdraft Enablement for Current Account
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…
-
Admin Unblocking Made Easy
This feature allows for unblocking of Admin users —ensuring smooth access, recovery and uninterrupted system management. Say goodbye to lockouts and hello to better control. Steps on how to unblock an admin: 4. After clicking on the pen icon under User Details, you will see the Unblock button only if the admin is currently blocked….
-
Fixed Yearly Interest Option Now Available in Credit Product Policy
The fixed yearly interest option is within the Credit Product Policy (CPP). This new feature enables interest to be calculated on a flat configuration basis, delivering a straightforward and predictable method for interest calculations. Key Features How to Enable To enable the fixed yearly interest option, please follow these steps: Upon activation, the system will…
-
Ability to unblock Users
This feature allows administrators of financial institutions to quickly unblock users who have been temporarily locked out due to multiple incorrect PIN/password attempts. By restoring access promptly, it ensures seamless transactions, minimizes disruptions, and enhances the user experience while maintaining a secure and flexible authentication process. Steps 2. On the client details, click Unblock. 3….
-
Maker/Checker Workflow and Transaction Control Enhancements
This feature introduces a mandatory review process to ensure that no single user can independently initiate, approve, or complete significant transactions or changes. Workflow and Approval Levels: Importance of Maker checker1. Enhanced Transactional Control.2. Improved Accuracy and Oversight.3. Clear Role Definition and Accountability.4. Strengthened Compliance and Audit Trails. Steps to set maker checker for teller…
-
Maker checker on Member Details Change
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…
-
Multiple Charges to Member Account
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